The Raleigh Bicycle Company is a British bicycle manufacturer based in Nottingham, England and founded by Woodhead and Angois in 1885. Using Raleigh as its brand, it is one of the oldest bicycle companies in the world. After being acquired by Frank Bowden in December 1888, it became The Raleigh Cycle Company, which was registered as a limited liability company in January 1889. In 1913, it was the largest company producing bicycles in the world. From 1921 to 1935, Raleigh also produced motorcycles and three-wheeled automobiles, the Safety Seven, leading to the formation of Reliant Motors. During World War II, the Raleigh factory in Nottingham was used for the production of fuzes. Bicycle production has been reduced to 5% of its peacetime capacity. Raleigh bicycle is now a division of the Dutch corporation Accell.