Dan posted the following on Facebook.
It’s been alluded to above but worth repeating here:
“our collective aim is trying to make sure that the handful of customers who have frames boxed up are ready to get their frames as fast as possible. We are currently in the process of having these shipped which is great news, and we are just waiting on new trading accounts being opened with the suppliers to achieve this.
As regards the 8 customers waiting on bikes, we are working hard to find a solution to get their new trail weapons shipped too, and we will provide an update on this situation in due course.”
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In full:
Dear friends
11 years ago, Stanton Bikes became a business built on the popularity of the first frame I ever made. It wouldn’t have happened without the faith and support shown by others in what I do, people who love the culture of MTB as much as I do. I appreciate it now as much as I did when I first started.
So, now I find myself in the heartbreaking situation of seeing the business I built falling into Administration, and I want to be as open as I can with everyone.
Like many businesses who want to grow, particularly in manufacturing, we rely on financial backing. The last 2 years have obviously been extremely difficult to navigate, and the exposure to severely unpredictable market forces has tested us to the limit. We now find ourselves in an unfortunate situation where our backers are looking to minimise their portfolio exposure. Meaning that we need to look for a new source of investment, and that’s the task that the Administrators have been brought in to achieve.
As things stand, Stanton Bikes Ltd is now under the control of the Administrators and our collective aim is trying to make sure that the handful of customers who have frames boxed up are ready to get their frames as fast as possible. We are currently in the process of having these shipped which is great news, and we are just waiting on new trading accounts being opened with the suppliers to achieve this.
As regards the 8 customers waiting on bikes, we are working hard to find a solution to get their new trail weapons shipped too, and we will provide an update on this situation in due course.
Goodwill and trust are hard earned, and it would be the worst outcome for me and the staff to see that damaged, and that’s why we are all working collectively to try and save this business and protect our customers and our brand. It’s clearly taking time to put new processes into place, but we are confident we can save this business, and continue to build premium bikes and frames for our loyal customers.
We understand there will be many questions and worries, and we will do our very best to answer them. Thank you to everyone who has been in touch with messages of support, it keeps us going and lets us know that you’re there for us whatever the outcome. What binds us here are our customers, and the wider MTB community, and together is our love and passion for the scene.
Keep the faith