High-end cycling retailer Saddleback, based in Yate near Bristol, enters administration and is set to close its business after 22 years. Both reports say the company has gone into administration with 42 jobs at risk. Saddleback supplies bikes, cycling accessories and clothing to retailers across the UK. The business shuts its doors following the administration process. Joint administrators Jonathan Dunn and Matt Whitchurch are appointed to manage the company’s affairs, according to one source. The reports describe Saddleback as a distributor and retailer operating in the premium cycling segment, serving customers through a range of products including bicycles and cycling apparel. The closures follow the company’s decision to move to administration, a legal process used when a business cannot meet its financial obligations. No source cited a buyer or a plan to continue trading. The information currently available indicates the company’s end comes as the administration proceeds.