Auctioneer John Pye to sell stock and assets of Moore Large
Auction house John Pye has been hired by administrators to sell the stock and assets of Moore Large.
One of UK’s largest suppliers and distributors of bicycles, Moore Large appointed administrators from FRP Advisory earlier this month to manage the winding down of the business.
Stock being put up for sale from this week includes around 35,000 bikes with a retail value of around £25 million, as well as £10 million worth of bike accessories. Brands include Forme, Barracuda, Bikerton and Cuda.
Items will be sold across all John Pye’s auction sites at Nottingham, Chesterfield, Port Talbot and Derby with nationwide delivery available on all stock.
Earlier this year, John Pye worked with PwC, administrators of Made.com to handle the sale of the entire UK stock of collapsed furniture retailer.
Charles Loake, joint head of John Pye Business & Property, said: “Our UK-wide footprint of close to 1,000,000 square feet of sale space and a nationwide workforce of over 700 staff ensures we can handle the largest of insolvency cases. Since Covid, cycling as a hobby as increased exponentially, so this an opportunity for enthusiasts to potentially secure some big name bikes and accessories at a great price.”
