Electric Assisted Vehicles Limited (11639420): administration
- Status
- In administration
- Administration began
- 2025-04-29
- Administrators
- Craig Povey, Gareth Prince
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2018-10-24
- Location
- Birmingham
- Industry
- 30920 Manufacture of bicycles and invalid carriages
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company was incorporated in October 2018 as a manufacturer and developer of ‘last mile’ electric assisted delivery bikes. The Company developed an electric cargo bike with a view to marketing it to end users such as DPD, Evri and Royal Mail. As the concept evolved, the Company started gaining other end users such as councils, waste management and laundry suppliers.
Historically, whilst the Company had gained some traction in the market and was gaining market share slowly, the Company had been loss making since inception and the management team was changed in 2024 to try and bring costs under control in terms of the expenditure to build and to develop a cage version of the bike. Part of this drive was to also relocate the business from it’s former ex MOD premises at Upper Heyford to it’s current location.
The Company operated from leasehold premises in the Oxfordshire. The Company’s registered office, head office and manufacturing facility were based at Unit 6 and Unit 7 Wates Way, Acre Estate, Banbury, Oxfordshire,
Administrators' statement of proposals (2025-06-25) · Companies House register