Moore Large & Co. Limited – administration

Moore Large & Co. Limited, a Derby-based importer and wholesaler of bicycles and accessories, has entered administration, citing recent supply chain disruption and reduced consumer demand, as well as inflationary and exchange rate pressures on its margins. Raj Mittal and Nathan Jones of specialist business advisory firm FRP were appointed Joint Administrators, and have appointed agent John Pye & Sons Ltd to run an asset sale process in the coming weeks. The majority of the 103 staff were made redundant, while 26 have been retained on a temporary basis. Various HSBC Bank entities have registered charges against the company.