A motorsport company has fallen into liquidation just before the new racing season after losing vital funding. MJ Motorsport Limited, which was founded in 2021, has stopped trading and entered voluntary liquidation, according to a report by The Herald.
Companies House records show the business was set up by Michael Johnston, who was listed as the company’s sole director. The firm was described in filings as carrying out “sports activities” and operating within the motorsport sector. The Longniddry-based business moved to wind itself up voluntarily at the beginning of April. Kelly Burton and Joseph Fox, of FRP Advisory, were later appointed as joint liquidators. The liquidators said: “The company, which operated in the motorsport…