The British firm Mutt Motorcyclesbased in Birmingham (UK), it has officially entered into the bankruptcy of creditors, which has resulted in the temporary closure of its facilities and the dismissal of most of its employees. Recall that the company designated last March 3 David Shambrook and Matthew Hawof the consultant RSM UK Restructuring Advisory LLPas joint administrators to manage the restructuring and possible sale of their assets.
As we have known, RSM UK It is in conversations with several possible buyers interested in acquiring the company’s motorcycle and spare parts inventory, as well as the brand itself Mutt.
However, so far no specific details have been disclosed about these negotiations. It is expected that in the next few days there are official ads if any agreement will be specified.
Meanwhile, the facilities of Mutt Motorcycles They remain closed and the company cannot carry out sales, attend guarantees or repairs. In an official statement, RSM UK pointed out:
«The company crossed a period of commercial difficulties due to a decrease in market demand. As a result, he faced important financial pressures and could not obtain the necessary financing to continue operating. After the designation of the joint administrators, the company ceased its activities and most of its 18 employees were fired«.
The directors of MuttAt the moment, they have commented that, for legal reasons, they cannot publicly discuss the current situation of the company. The crisis of Mutt Motorcycles It is not an isolated case within the British industry. In the last 12 months, other brands have also experienced economic difficulties.
For example, another motorcycle factory, CCMrecently also confirmed a series of strategic layoffs, after a 50 % reduction in its production during the past year.
What do we know about Mutt?
Mutt Motorcycles It was founded in 2013 by Will Rigg and Benny Thomaswith the aim of offering light, accessible motorcycles and with a classic design inspired by the golden era of the British industry.
His most emblematic models were based on the engine Suzuki GN125an air -cooled monocylinder, economical and simple maintenance, ideal for beginners.
The company was established in King’s Norton, in an old Victorian mill that was renewed to house an exhibition room, store, workshops, an R&D laboratory, a cafeteria and a bar. At the time, the brand stood out for returning the manufacture of motorcycles to Birmingham, cradle of great firms such as BSA, TRIUMPH and Royal Enfield.
As we do not tire of repeating, and despite their efforts to diversify their catalog and attract new clients, the fall in demand and financial difficulties have put Mutt In a critical situation. The possible sale of the company to a new owner could give it a second chance. But, for now, its future is still uncertain.
Obviously, the next ads will be key to determining whether the brand can continue on the market or if, like other iconic British firms, it will be alone in the memory of the enthusiasts in the world of the two wheels.
