Press Release. Stoxkarts Ltd.
Current owner and promoter of the Stoxkarts formula Ian Higgins has announced his decision to sell the formula as a going concern.
Pending early retirement Ian has stated that he has reluctantly taken the decision to advertise the the sale of the Company Stoxkarts Ltd. which includes all assets along with the rights for the formula.
After purchasing the ailing formula in 2009 Paul and Ian Higgins set about re-branding and re-building the formula. After 7 years the formula is now well established with a rapid growth from 20 karts to 88 now in circulation. In 2014 Ian bought out Pauls interests in the formula and has now decided that plans need to be put in place for his planned retirement in 2020
Racing approximately 28 meetings a season from April to November, the formula is affiliated to the ORCi and races at many of its tracks around the UK. With most meetings averaging 40+ karts the formula has proved to be a an excellent addition to race meetings for promoters and has also provided excellent entertainment for the spectators.
Ian has stated he wishes to still be involved to help a smooth transition for any new owner and that he is still 100% committed to the formula which he loves so much.
For any further information or details please feel free to contact Ian Higgins.