More bad news from the business sector this week, as reports are starting to come in that Big Dog Motorcycles has shut its doors after being taken over by the company’s creditors. With the banks halting the production line, this is effectively the end of one of the largest (if not the largest) custom motorcycle builders in the world. Cyril Huze broke the news on his blog on Monday that the company had closed its doors, but Big Dog President Mike Simmons denied that news on Monday.

However Big Dog dealers have since confirmed that company owner Sheldon Coleman has contacted them, informing them of the bank’s take over, and that the business and production would be ceasing. Coleman is reportedly planning on starting a new company that would supply parts to current Big Dog owners.