Thousands of sportive riders could be left out of pocket after organiser Kilo To Go ceased trading due to insolvency.
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The company organised a number of events across the country, including the popular Cheshire Cat and Tour of the Peak sportives.
Insolvency Practitioners Direct UK has been instructed to assist the director with placing the GST Team Limited company into voluntary liquidation, meaning their future events are cancelled (see list below) and many riders may not be able to reclaim their entry fees.
Those riders who have entered one of the seven remaining sportives organised by Kilo To Go will be contacted by post within the next seven days.
However, IPD points out that under current insolvency legislation, riders cannot be refunded for their entrance fee because the company is insolvent.
If the rider paid the fee by credit card they are advised to contact the card provider to see if the provider will claim for a refund. Those who used other payment methods will have an unsecured claim against the company, details of which will be set out in the letter.
Cornwall Tor (May 1)
Tour of the Peak (May 15)
Motion in Mercia (May 29)
Cheshire Cat (June 19)
Flatout in the Fens (July 3)
Shropshire Mynd (September 18)
The Rut (October 2)
IPD’s Martin Williamson informed Cycling Weekly that due to the number of people potentially affected, communication with the company should be made by email or post.
The company will also update the www.kilotogo.com website with information as and when appropriate and ask that people check that site before contacting the company.