Tour de France winner Sir Bradley Wiggins has seen a third company in his stable of businesses enter liquidation with debts of £141,000.
Wiggins wound-up two of his other companies with debts of over £1m in October.
The latest company is 101 Ride Limited, which effectively sits between the other two companies in the Wiggins business hierarchy. It is wholly owned by Wiggins Rights Limited, which is controlled by Bradley Wiggins. Wiggins himself is not a director of 101 Ride, the sole director of which is his estranged wife Catherine Wiggins.
A statement of affairs filed at Companies House shows that 101 Ride Limited owes £51,000 to solicitors firm Bray and Crais and a further £90,000 to a company called SponsorCom Limited, which is part of a wider marketing group called WPP and specialises in sports marketing.
The statement said some of these debts would likely be covered by £10,942.08 in an “accountant’s client account”. However, it said the recovery of £604,000 which 101 Ride appears to be owed by Bradley Wiggins’s two other companies was “uncertain”.
In October creditors to Wiggins’s other two companies were told that they were set to be left out of pocket as there was not enough money to cover the debts of over £1m.
Creditors to the companies, according to the statements of affairs filed at Companies House, include prominent cycling agent and management company Trinity, which has rafts of top name riders on its books; bike brand Pinarello and Vitus Pro Cycling rider Dan Tullett.
A spokesperson for Bradley Wiggins declined to comment on the most recent liquidation. When previously asked for comment on the liquidation of the other related companies they said the closure of both businesses was “regretful” but that Wiggins’s involvement “was not on a day to day”.
The spokesperson added: “Experienced professionals were trusted to run both the financial and operational elements of the businesses. For clarity this in no way effects Bradley’s personal solvency.”
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Having trained as a journalist at Cardiff University I spent eight years working as a business journalist covering everything from social care, to construction to the legal profession and riding my bike at the weekends and evenings. When a friend told me Cycling Weekly was looking for a news editor, I didn't give myself much chance of landing the role, but I did and joined the publication in 2016. Since then I've covered Tours de France, World Championships, hour records, spring classics and races in the Middle East. On top of that, since becoming features editor in 2017 I've also been lucky enough to get myself sent to ride my bike for magazine pieces in Portugal and across the UK. They've all been fun but I have an enduring passion for covering the national track championships. It might not be the most glamorous but it's got a real community feeling to it.
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