The long-running Loughborough-based KTM dealership Redline Motorcycles has announced that it has closed down. The dealership, which was set up by former owner and founder Tim Walker in 1989, had been taken over by staff member Nathan Preston in 2022. But in an online post on 1 May, Preston announced that the firm had ceased trading with immediate effect.
Preston’s statement said, “As, by now, some of you will know, I have made the extremely difficult decision to close Redline Motorcycles with immediate effect.
“Any of you that have been to visit us recently will have seen how hard the past few months have been and, in a very turbulent time, I do not see the good times returning anytime soon. I want to thank every single one of you that has been a customer of Redline in the 35 years we’ve been open.
“It’s certainly the end of the world, as we know it …”
Bailiffs entered the premises on 6 May, and insolvency specialist Butcher Woods has been appointed as liquidator.