Hottrax Motorsport, a well-known trackday and race promoter headed up by Dave Mabbutt, has folded.
In a statement, Mabbutt said: “It is with great regret and sadness that Hottrax Motorsport Racing Club Ltd announces that we must cease trading as of 29 May, 2015. After taking advice from our financial advisers it has become apparent that we cannot meet our financial commitments. The directors have no choice but to cancel all future events and place the company into liquidation.”