![]() Rutland Cycling’s retail outlets, which include one of Britain’s biggest bike shops, are located in leisure destinations in Lincolnshire (Rutland), Cambridgeshire (Grafham Water) and Northamptonshire (Fineshade Wood), all of which benefit from extensive cycle trails and high footfall. The business currently turns over approximately £10m each year. It has been named Independent Cycle Retailer of the Year for three of the last four years and its website consistently ranks among the UK’s top 10 online cycling retailers. Rutland Cycling sells and hires premium cycling products from its four stores in the Midlands and via its website and is a preferred retailer for the UK’s three best selling cycle brands, Giant, Trek and Specialized. Rutland Cycling is led by Paul Archer and David Middlemiss who took control of the business in 2013, but have a long history in a business that was originally founded in 1981 by Paul’s parents, Dave and Ann Archer. ![]() Pacey is the founder, and former CEO and Chairman of Maplin Electronics and has also held a number of NXC seats including at Mountain Warehouse, and LBM Direct Marketing Fleming is the former Finance and Strategy Director at B&Q plc, former CEO at Woolworths Group plc and former CFO of Blacks Leisure Group plc. ![]() The investment will also enable the business to develop its e-commerce capabilities, including its website In addition to providing growth capital, BGF introduced the business to Keith Pacey and Keith Fleming who joined the board as non-executive Chairman and non-executive Director respectively. The investment will fund the refurbishment and extension of Rutland Cycling’s existing estate of stores as well as its national expansion, with four new outlets set to open in prominent UK leisure and tourist destinations over the next 4 years. BGF has invested £2.8m of growth capital into Rutland Cycling, a family owned business that is based in the East Midlands.
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