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Heavy discounts have continued beyond Black Friday, Wiggle's website currently promoting an 'Epic Winter Sale' with up to 70 per cent savings on offer. The administrators added that they had 'taken the opportunity to augment stock held within the business with opportunistic purchases to generate additional website traffic and profits'. > Is it safe to spend with troubled retail giant Wiggle Chain Reaction? Wiggle entered administration in the weeks of heavy retail activity leading up to the Black Friday sales and Christmas shopping period, something which is reflected in the report, administrators saying trading had been 'very positive during the administration process' with a 'considerable trading profit achieved'. The administrator's proposal notes that it was agreed following consultation with management 'that the best course of action was to continue to trade the business while a buyer was sought.' However, the industry source says they are aware of other brands who have not yet been paid.

Speaking from their role at a company who had been paid in full, they pointed out the administrator's statement also only notes the debts owed when Wiggle entered administration in October, not as of mid-December when the report was published - for example, 's own parent company Farrelly Atkinson Ltd is listed as being owed £720, that the company understands has now been paid.

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Also at the top end of the scale are Taiwan-based manufacturer Ideal Bike Corporation, listed as being owed £1,291,050, Garmin Europe Limited (£853,762), Saddleback (£815,082), Science in Sport (£662,558), POC Sweden (£507,968), Selle Italia (£400,922), Endura (£387,329), and Vittoria (£208,920).įrom speaking to figures within the bike industry understands some debts have been paid in full since Wiggle entered administration, while other brands may in fact be owed less than the stated figure due to contractual factors.īritish-based brands such as Raleigh (£235,781) and Muc-Off (£99,647) are also listed as being owed the aforementioned debts.Īn industry source also suggested the scale of Wiggle's business means the company may 'not be necessarily that far behind, it could be a monthly turnover that they have not paid once, and that is half a million pounds to some of these companies'. Haribo is listed as being owed £20,275 by WiggleCRC, but did not respond to a request for comment, while major UK distributors Madison and Extra UK LTD are listed as due £1,095,272 and £925,614 respectively.