Thieves steal over £100,000 worth of bikes from war veteran owned store

Eleven bikes were stolen from Portsmouth's LIOS bikes

Police tape
(Image credit: Getty Images)

Over £100,000 worth of bikes were stolen from a Portsmouth based specialist bike retailer on Saturday morning.

In an organised effort, the thieves lifted 11 bikes from Lee-on-the-Solent’s LIOS bikes, a retailer and brand set up by war veteran Steve McCulley after his military career ended following severe injuries sustained in Afghanistan. 

Five individuals were spotted on CCTV, loading the bikes into a large van and car, at around 3am on Saturday morning. The thieves reportedly used petrol and battery dics cutters to get through the shutters and door, and had two people on mopeds on the look-out for interceptors.  

LIOS bikes acts as a retailer for brands such as Cervélo and Santa Cruz, but also manufactures its own titanium bikes - including aero and endurance models - as well as offering bespoke fitting.  

It’s not the first time that LIOS has been burgled. 

“We are all utterly devastated by what happened on Saturday,” McCulley said following the theft, adding: “I know I’ll never get the bikes back, as they’re probably already stripped down, but I am hoping that any attention that this gets might help to catch the criminals.”

LIOS’ mission statement is to “innovate in the cycling industry in order to improve our overall health & wellbeing”, the store offers 3D motion analysis bike fitting as well as retailing for mainstream brands and creating custom titanium creations.

Hampshire Police told Cycling Weekly: "Officers attended the unit at Daedalus Park following an alarm activation at around 3am on Saturday 2 September."

They added: "A number of custom made bikes with an estimated value of around £100,000 were reported stolen. Enquiries remain ongoing and we ask anyone with information to contact police on 101, quoting 44230355152."

A 2022 study into bike theft in the UK revealed that a staggering 1,100 bikes are stolen every day, and that each year, 80,000 stolen bikes go unclaimed for. 

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Michelle Arthurs-Brennan

Michelle Arthurs-Brennan the Editor of Cycling Weekly website. An NCTJ qualified traditional journalist by trade, Michelle began her career working for local newspapers. She's worked within the cycling industry since 2012, and joined the Cycling Weekly team in 2017, having previously been Editor at Total Women's Cycling. Prior to welcoming her first daughter in 2022, Michelle raced on the road, track, and in time trials, and still rides as much as she can - albeit a fair proportion indoors, for now.

Michelle is on maternity leave from April 2025 until spring 2026.