NEWS HUB
Lyon Equipment completes transition to employee ownership trust status
D
istributor Lyon Equipment has completed its transition to employee ownership trust status.
Jonathan Capper will continue in his current role as managing
director, supported by Paul Cornthwaite as commercial director, Rick Cockayne as financial director and Martin Bergerud as Petzl agency director. Ben Lyon will retire with immediate effect along with Carol Nicholls, Tina Benson and Frank Bennett. Becoming an employee ownership trust means that Lyon Equipment needs a board of trustees – two of these will be long-
BMX retailer Custom Riders forced to shut up shop after almost 40 years in business
BMX retailer Custom Riders has been forced to close after almost 40 years in business. The Chichester-based store and online BMX specialist, run by Mason Smith, first opened its doors 1984, but the owners announced they were shutting up shop owing to the increased pressure on the market. In a statement shared on social media, Custom Riders said that
increasing prices and the slowing of the BMX market have caused the closure of the well-known store. The statement said: “It goes without saying this is a sad day for me, the pressures of trade and the current climate with prices rising everywhere has not helped. “There is no getting away from the fact that the BMX market
is slower than the past few years. I would like to thank all our customers over the last 38 years, I salute you! Without you, we would not have got this far.” ■
serving members of staff, Michelle Airey and John Samways, and they will be joined by Jon Armitage, who has acted as an adviser to Lyon Equipment in past restructuring.■
Madison partners with Tooo Cycling for exclusive UK distribution
Madison has announced a partnership with Tooo Cycling for exclusive distribution of its products in the UK cycle market. Based in Shenzhen, China, Tooo Cycling is a new player in the bike camera market. The name is a derivative of an ancient Chinese character meaning road, journey or trip which fits nicely with its central product: the DVR80 camera.
The DVR80 is an 80-lumen rear light, visible from one mile
away, combined with a video camera capable of 1080p at 60fps on maximum resolution, or a maximum run time of 9.5hrs using the most economical settings. Using a Sony IMX 323 Sensor, the DVR80 is designed for use in a dimly lit environment and can adjust to ambient light levels. It’s also IPX5 waterproof. ■
Moore Large & Co announces management buyout by board of directors D
erby-based distributor Moore Large & Co Ltd has announced the successful completion of a management buyout. The cycling distribution business was acquired on 19th April
by its current board of directors Dale Vanderplank, Adam Garner, Adam Biggs and Andrew Walker. The management quartet will take full shareholding of the company from the Moore family, who founded and have owned the business since 1974. Retiring chairman Nigel Moore brings to an end three generations and 75 years of Moore family involvement in the bicycle business. Vanderplank, Garner, Biggs and Walker will
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continue to head up the management structure to offer continuity for Moore Large’s stakeholders. The board said: “The company is in great shape, the anticipated
growth and future investment in our own brands Forme and ETC will remain the cornerstone of our plans, complimented by globally recognised brands and products from the likes of Tern, Oneal, Jagwire, WeThePeople and Lake to name a few, all backed by our passionate team of employees. For our loyal customers, suppliers, and staff the acquisition has been clearly articulated to ensure a continuation to the ‘business as usual’ approach.” ■
June 2022 | 11
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