Cycling event organiser Hotchillee has announced that it will be entering liquidation in the coming weeks, citing financial difficulties in recent years as the largest contributor.
In a statement posted on the company’s website, founder Sven Thiel said: “Despite our best efforts, the combination of internal matters, ongoing financial challenges following Covid-19 and the Brexit referendum, without sufficient capital injection to continue trading, the director has sought for advice in dealing with the company’s affairs.
“After 20 extraordinary years, this is a devastating blow to all of us at Hotchillee, as well as to our loyal community and partners.”
As a result of this ongoing situation, all upcoming…
