Thomas’s Cycle Revolution Ltd (TCR) - along with certain assets - has been bought up by Giant UK Ltd.

The deal safeguards the stores and the firm's 21 employees.

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Cycle Revolution in Colchester (Image: Google Maps)

The family-run business - which started in Ipswich - announced in February that it was "working towards an outcome that enables the business to continue trading" after filing a Notice of Intention to Appoint Administrators.

Second generation Darren Thomas headed up the family firm which has stores in Ipswich, Colchester and Norwich.

He said at the time they were "committed to supporting our customers and partners while working to protect the long-standing reputation of the business".

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Darren Thomas, who was a director at Thomas's Cycle Revolution (Image: Cycle Revolution)

Joint administrators Dominic Dumville and Henry Page of Mercer & Hole were appointed on March 23.

TCR........

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