The Wales-based tandem specialist was wound up on
Friday, and not put into administration. Swallows is insolvent, has bills owing to
the trade of many thousands of pounds and has two of the four directors (Lorraine
and Peter Bird – now seperated from each other) with no interest in trying to turn
the company around. A creditors meeting will be called in January. Before that there
is likely to be a closing-down sale which will be selling of stock and fittings.
Swallow were early movers in mountainbikes and made fine tandems.