Logo

Navigation
  • Home
  • Distressed Businesses
  • Search
  • Subscribe

Zedify Seeking Buyers after Entering Administration

By Cheshta Dhawan | on 31st January 2025 | 0 Comment
News

The UK’s largest electric cargo bike delivery network has entered administration, leading to the loss of 105 jobs. Outspoken Logistics, trading as Zedify, appointed Interpath as administrators after failing to secure additional funding. The company had launched an urgent search for capital before Christmas but was unable to secure the investment needed to continue operations.

Founded in 2015, Zedify provided zero-emission last-mile logistics for high street retailers, parcel carriers, and independent businesses. The Birmingham-based firm expanded rapidly, opening its tenth logistics hub in the city late last year.

In 2023, Zedify raised £4 million from Barclays Sustainable Impact Capital, Mercia Ventures, and Green Angel Syndicate to support further expansion. This followed a £5 million funding round in March that enabled the company to double its workforce and sign major brands, including Hello Fresh, Selfridges, and Veja. Its other existing backers include Green Angel Syndicate and Prova.

Despite this growth, operations at seven of Zedify’s trading hubs have now ceased as Interpath winds down the business. However, hubs in Cambridge and Edinburgh remain operational, retaining 38 employees while administrators assess future options. The Bristol hub, operating under a separate legal entity, continues to trade independently. 

Interpath is actively seeking buyers for Zedify’s business and assets, including its fleet of electric cargo bikes, intellectual property, and brand. The firm also aims to support employees affected by redundancy, assisting them with claims through the Redundancy Payments Service.

Share this story:
  • tweet

Tags: acquisitionAdministrationAdministration ListBusiness acquisitionTransport

Recent Posts

  • Record Levels of Insolvency in UK Manufacturing | May 2025

    16th May 2025 - 0 Comment
  • Coventry’s Three Century Old Business Falls Into Liquidation

    14th May 2025 - 0 Comment
  • Insolvency Levels in Hospitality Remain Historically High | May 2025

    9th May 2025 - 0 Comment

Related Posts

  • Record Levels of Insolvency in UK Manufacturing | May 2025

    16th May 2025 - 0 Comment
  • Coventry’s Three Century Old Business Falls Into Liquidation

    14th May 2025 - 0 Comment
  • Insolvency Levels in Hospitality Remain Historically High | May 2025

    9th May 2025 - 0 Comment

Author Description

No Responses to “Zedify Seeking Buyers after Entering Administration”

Leave a Reply Cancel Reply

Your email address will not be published. Required fields are marked *


*
*

  • Popular
  • Recent
  • Comments
  • How to Buy a Distressed Business Out of Administration

    2nd October 2017 - 0 Comment
  • How to Use UK Insolvency Information to Buy a Distressed Business

    2nd October 2017 - 0 Comment
  • Major UK Shipbuilder Enters administration, Distressed Assets Sold

    22nd December 2017 - 0 Comment
  • How to Build a Distressed Business Portfolio

    6th February 2018 - 0 Comment
  • How to Buy a Distressed Business at Auction

    23rd October 2018 - 0 Comment
  • Record Levels of Insolvency in UK Manufacturing | May 2025

    16th May 2025 - 0 Comment
  • Coventry’s Three Century Old Business Falls Into Liquidation

    14th May 2025 - 0 Comment
  • Insolvency Levels in Hospitality Remain Historically High | May 2025

    9th May 2025 - 0 Comment
  • Construction Remains Worst Hit Industry as Insolvencies Continue to Rise | May 2025

    2nd May 2025 - 0 Comment
  • Investment Rescues Ilkley Brewery from Administration

    30th April 2025 - 0 Comment

Keep up with the latest UK insolvency news

RSS Subscribe 0 Followers
© 2012. All Rights Reserved. Created with love by SmoothThemes