Dominic Dumville and Henry Page of Mercer & Hole were appointed joint administrators of Thomas’s Cycle Revolution Limited (“TCR)” on 23 March 2026 and they have now successfully completed a sale of the business and certain assets to Giant U.K Limited. TCR is a cycle retailer operating from various locations in East Anglia. It currently has branches in Colchester, Ipswich and Norwich selling bikes, cycling accessories, clothing and shoes and providing a highly regarded repair service.
Dominic Dumville, Partner at Mercer & Hole and Joint Administrator comments:
“The successful completion of this transaction has ensured a well-known family business continues to operate in East Anglia preserving 21 jobs throughout the region. The sale will also result in a better return for creditors.”
Ian Beasant, Managing Director of Giant UK commented “These stores have long been an important part of the Giant UK network, so we’re very pleased to secure their future and build on the strong foundations already in place.
We’re looking forward to working closely with the experienced teams on the ground and ensuring continuity for customers and local cycling communities across East Anglia.
This represents a positive step for the business in the region, and we remain committed to supporting riders through quality products, expert service and a welcoming retail environment.”
