Saracen Cycles Ltd. becomes Saracen Bikes Ltd.

LONDON, UK (Feb 6) – Paul and Rick Stanforth put Saracen Cycles Ltd. into administration on Friday, citing “difficult trading conditions”. The new company will launch the Saracen spring/summer 2006 range at a 14-venue trade roadshow, 19th February-15th March. Paul Stanforth said: “Having suffered considerable costs in the move from manufacturing to importing, followed by