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Kreston Reeves appointed administrators of motorsport concierge driver experience company Valluga Group

7 November 2022
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Accountants, business and tax advisers Kreston Reeves has been appointed administrators to Oxford-based  motorsport concierge and driver experience company Valluga Group.

Carrie James, a Partner in the Restructuring team at Kreston Reeves was appointed joint administrator on 25 October and is currently looking for a buyer of the business and its assets.

The Silverstone-based Valluga Group provides a fully bespoke service for motorsport drivers, track days and motor racing tours. Valluga’s services include race car care and performance, driver coaching, race transport and storage.

Its race car fleet includes a Mercedes C190 GT3, Porsche 982 CS, Porsche 991.2 GT3 and BMW M4 track car. Its drivers have had considerable success including Porsche Sprint Challenge Champions 2022 and 2021, GTCup Champions GT4 2022, BritishGT category wins in GT4, and Porsche Carrera Cup Podiums.

The company employs six people and has a turnover (year ending September 2021) of £2.65m.

Carrie James said: “Valluga Group has a successful track record in providing motor sport driver support, allowing them to simply turn up and race. The results its drivers have achieved speaks of the service and support provided. It is, however, a hugely competitive market and following appointment as administrators we are currently seeking a buyer for the business or its assets."

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

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