London-based wall-mounted bike storage company Cycloc reported it would cease production, with its founder, Andrew Lang, citing the impact of Brexit as one of the principal reasons.
“Cycloc has been an innovator in design-led bicycle storage solutions since we launched our first product in 2006. Since then, we’ve created a family of award-winning products that allow people to integrate cycling into their homes and workplaces. This is something we are immensely proud of, especially as an entirely self-funded venture, manufacturing exclusively in the UK. Unfortunately, the past few years of trading have been extremely challenging for us, as we know they have been for many others in the cycling industry, and we have sadly had to take the decision to cease manufacturing, sell out our remaining stock and close our UK warehouse.
“Despite this challenging decision, we would like to reassure our customers and business stakeholders that our UK and US websites will remain operational until all remaining stock is sold. Our customer support lines will also continue to be actively maintained. We would like to take this opportunity to thank our dedicated staff, loyal customers, and our industry partners, all of whom have been a part of quite a remarkable journey. We really appreciate the support received over the years,” stated the company.
Lang said, “This was an incredibly difficult decision to make, particularly as we have a development pipeline of new products, but it was personally important to me to wind operations down whilst the company is still solvent and without owing creditors. I’m having to press pause for now to take some time away and evaluate what form Cycloc might be able to take in the future.”
Photo courtesy Cycloc