Derby-based bikes, kit, accessories and parts distributor Moore Large sadly went into administration last week with over 100 jobs lost. Now its entire £35m worth of stock is being put up for auction via Nottingham-based auction house John Pye starting on 24th March.
Moore Large’s significant portfolio of cycling brands which it distributed in the UK included Lake shoes, Tern, Forme and Bickerton bikes and well-known bike products such as OnGuard locks, Jagwire cables and KMC chains.
Originating in 1947 as a bike shop in Rickmansworth, Hertfordshire, Moore Large was formed in 1974 to distribute bikes and components and before its failure had a significant footprint in the cycle industry. In the past, it had worked with brands including Diamondback, Schwinn and Scott.
Tern’s mass of functional bikes could be a stealTern
It had an overstock sale in November 2022, aimed at reducing inventory, but this was not enough to stem its problem of matching stock to demand and generating continued cashflow. At the time of the sale, its announcement suggested that oversupply had become an issue across the bike industry, following a period during the Covid pandemic when insufficient supply to meet demand was the problem.
Cycling Industry News reports that Moore Large’s stock to be sold includes up to 35,000 bikes, valued at £25m as well as around £10m worth of accessories.
These will go into John Pye’s weekly auctions at its sites in Nottingham, Chesterfield, Port Talbot and Derby, as well as being available to view and bid for online.
John Pye says that it hopes to realise the best value for Moore Large’s creditors, but it’s also a potential opportunity for consumers to snap up a bargain given the sheer amount of stock up for sale including road bikes, mountain bikes, gravel bikes, cyclocross bikes, city bikes, e-bikes and kids’ bikes.
View and bid on Moore Large’s stock at johnpye.co.uk from 24th MarchView Moore Large’s full stock on moorelarge.co.uk
