Mallory - Bankrupt :(

[ash]

Shamelessly stolen from Wolfies FB post

http://www.bennetts.co.uk/bikesocial/news-and-views/news/2012/2013/september/mallory-park-goes-into-administration/?utm_source=twfb&utm_medium=social&utm_content=Malloryadministration&utm_campaign=bikesocial#.Ukmqm8bCaSq

[Dom1]

Shame, nice little track.

All sorts of arguments on FB about why it has happened - Landlords putting up rent leading to circuit trying to operate too many days vs. rampant nimbyism.

[mc101]

Shame, nice little track.

All sorts of arguments on FB about why it has happened - Landlords putting up rent leading to circuit trying to operate too many days vs. rampant nimbyism.

Far from it ... Mallorys operators have categorically ignored the 1985 accord and done whatever they like with no regard for the terms of their operating license - now they've finally been dragged into court they all look a bit stupid and were keen to negotiate-- too little too late. 

[MOzZereLLa]

Shame, nice little track.

All sorts of arguments on FB about why it has happened - Landlords putting up rent leading to circuit trying to operate too many days vs. rampant nimbyism.

Far from it ... Mallorys operators have categorically ignored the 1985 accord and done whatever they like with no regard for the terms of their operating license - now they've finally been dragged into court they all look a bit stupid and were keen to negotiate-- too little too late.

+1

Being a pokey little track wasn't the only reason they lost BSB.....

[clipper]

Being a pokey little track wasn't the only reason they lost BSB.....

horrible nasty little track fucked royally up by Edwina's but sad day for the employees

[mc101]

Being a pokey little track wasn't the only reason they lost BSB.....

horrible nasty little track fucked royally up by Edwina's but sad day for the employees

Bear in mind its the operators not the owners .. (BARC)

[Gilby104]

Being a pokey little track wasn't the only reason they lost BSB.....

horrible nasty little track fucked royally up by Edwina's but sad day for the employees

Bear in mind its the operators not the owners .. (BARC)

Sad day in this age of supposed economic growth when the powers that be can't negotiate an increase in allowances to keep the business viable

[Ninjagirl]

Bad for the employees, but i feel nothing about it closing.  It's behind the times and tinpot compared to the rest.

[Lord Danoir the first]

Bad for the employees, but i feel nothing about it closing.  It's behind the times and tinpot compared to the rest.

Back in the day in provided an invaluable service to club racers like me, where you could test there on a Wednesday afternoon for not a lot of money.... couldn't give a shit about the bells & whistles, it represents that link between grass roots racing and top national level and I'm sad to see it in this situation.

I've got some fantastic memories of the place..... like the time I <goes off on one reminiscing about the good old days>............

[Dom1]

Quack

[Ninjagirl]

Bad for the employees, but i feel nothing about it closing.  It's behind the times and tinpot compared to the rest.

Back in the day in provided an invaluable service to club racers like me, where you could test there on a Wednesday afternoon for not a lot of money.... couldn't give a shit about the bells & whistles, it represents that link between grass roots racing and top national level and I'm sad to see it in this situation.

I've got some fantastic memories of the place..... like the time I <goes off on one reminiscing about the good old days>............

but that day was 1962...times haz changed 

[Dom1]

"Mallory Park (Motorsport) Limited enters administration

As you may be aware Mallory Park, motor racing circuit, home to Midlands motor racing, has faced a series of difficulties in recent months to which it has regrettably been unable to reach a solution with local residents, the council and the landlord. As such, it entered into administration on Monday 30 September 2013.

Ian Robert, a partner at Kingston Smith & Partners LLP, the corporate recovery arm of accountancy firm Kingston Smith LLP, was appointed Administrator. Ian said: "I will be working with all the stakeholders to ensure that Mallory Park will see racing again. I hope the administration process can assist in finding a solution which will be beneficial to all parties concerned."

He continued: "To that end, I will be negotiating with the landlord and the council, with the support of the BARC, to ensure that racing can be enjoyed at MP for years to come. Although it is early days, I am hopeful that, once a solution to the lease is found, all of the company's creditors should receive a substantial dividend, which I understand is very much the driving force behind the continued support of the BARC."

On behalf of Mallory Park, Kingston Smith & Partners thanks you for your continued support. The circuit is temporarily closed but we are working toward reopening quickly. Please return to this page for further information, which will be updated regularly."

[Ninjagirl]

ah that's good for them then, not closed for long.

[Andy M]

ah that's good for them then, not closed for long.

I deal with administrators regularly - they will be after a quick cash sale of any/all assets IMO

[m6rk]

shame as i liked the grass roots nature of mallory.. same with lydden too...