I reckon a run on the bank type situation.
Total guess
But I imagine they had trouble getting frames shipped to the UK and they would 100% have had trouble finding groupsets for them. Following this they have upset customers who aren't prepared to wait and demand their money back. It's not like the customers money sits in a little pot waiting until delivery so they may have had some major cash flow issues
Ahhh. Yes that checks out. Bike shop told me the other day they could do some work as long as I bought the parts from Wiggle because all components are going to big manufacturers like Canyon etc.
Hydraulic hoses from Maddison are next expected in June.
I reckon a run on the bank type situation.
Total guess
But I imagine they had trouble getting frames shipped to the UK and they would 100% have had trouble finding groupsets for them. Following this they have upset customers who aren't prepared to wait and demand their money back. It's not like the customers money sits in a little pot waiting until delivery so they may have had some major cash flow issues