If you’ve got a few hours to spare, type ‘Sturmey’ into the BikeBiz.co.uk search engine.
It’s a long and complicated story, and it’s about to get even more complicated.
One of the protagonists in the purchase/downfall of Sturmey Archer Ltd. will be at tomorrow’s creditor’s meeting.
The meeting has been called by insolvency practioner Tony Murphy, involved with the Sturmey case as soon as its post-Lenark troubles became apparent.
In November 2000, Sturmey Archer Ltd. had liquid assets of £800,000. These were frozen at the first creditor’s meeting.
More details next week….