One of the last British motorcycle companies has gone into administration following its inability to pay its tax bill to HMRC.
Lee Causer, BDO business restructuring partner said; “As joint administrators, we are taking all necessary steps to ensure that customers, staff and suppliers are supported through the administration process.
“Our job is to determine and execute the most appropriate strategy as swiftly as possible to protect creditors’ interests, bearing in mind the need to minimise distress for all parties.
“We are currently assessing the position of each of the companies in order to conclude upon the options available to them and the most appropriate way forward.”
Mr Garner rescued the historic bike brand in 2008, moving it to Leicestershire from its traditional home in the West Midlands.
Established in 1898 as a manufacturer of "fittings and parts for the two-wheel trade", the company became famed in the late 1940s and early 1950s after a series of wins in the Isle of Man TT races.
It employs around 100 people making bikes such as the Commando 961 Cafe Racer, Dominator and V4RR, which are now sold around the world.