Greyville Enterprises Limited - Administration

Greyville Enterprises Limited, a Redditch-based provider of specialist cycles and accessories, has entered administration, with Steven Wiseglass of Inquesta Corporate Recovery and Insolvency and Paul Ellison of KRE Corporate Recovery appointed as joint administrators.

The company was founded in the 1970s and has grown to supply more than 1,000 retail and online shops across the UK.

The joint administrators said that the business was placed into administration because it was unable to cover its debts, and that all employees have been made redundant. They are looking for a buyer for the business.

Velocity Bridging Limited, Fse Meif LP acting by its general partner Fse Meif Gp Ltd, Bcrs Meif Gp Limited and Art Share (Social Help Association for Reinvesting in Enterprise) Limited have registered charges against the company.