Considered one of Britain’s oldest bicycle producers is being put up on the market amid a seamless surge in shopper curiosity in biking.

a store front at day: Ribble was founded in 1897 and is now being put up for sale

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Ribble was based in 1897 and is now being put up on the market

Sky Information has learnt that the house owners of Ribble, which was based in 1897, have appointed advisers to organize the corporate for an public sale within the coming months.

Stifel, the funding financial institution, has been employed to deal with the method, which is at a really early stage.

Ribble has expanded past its core vary of street bikes into fast-growing areas akin to e-bikes, Gravel and Hybrid classes.

The corporate has been owned by True Capital, an funding agency which specialises in backing consumer-facing companies, since 2016.

It took its identify from that of the river which flows via Preston, the Lancashire city the place it was based.

Ribble is now understood to have plans for a big worldwide growth, in addition to to develop its market share within the UK.

Consultants at McKinsey have forecast that direct-to-consumer bike gross sales will develop at a compound annual development price of 19% between 2022 and 2025.

Business sources urged that bigger personal fairness corporations had been prone to be keen on bidding for Ribble.

Neither Ribble nor True Capital would remark.