Snoozebox calls in the administrators
Snoozebox, the company which provides temporary accomodation during the TT period, has gone into administration.
A statement says it's after discussions with its primary lender broke down.
The company says that the "significant debt burden" it took on in 2014 has been one of its largest challenges given the poor financial and operational position of the group"
An attempt to restructure the business got underway last year.
The pod-based accomodation has become a familiar sight behind the TT grandstand in recent years, where up to 160 rooms have been provided.
Snoozebox has applied for suspension of trading on AIM with immediate effect.
Plans for 'all-age pathway' for adult autism and ADHD diagnosis by 2029
Some trailers got 'lost' during recent backlog of freight at Heysham
Police told to reassess FOI response
Census support available from next week
Mobile classroom needed to 'alleviate' pressure at Henry Bloom Primary School