In February creditors of
GYG Holdings, the former Macob Holdings, approved a company voluntary arrangement (CVA) under the supervision of Mr Kelly and Nigel Price of Begbies Traynor.
Previously Ben had taken wins at both Three Sisters and Glan-Y-Gors with a track record to boot at
GYG.
Recently there have been plans to develop the building, but earlier this month
GYG Exchange Ltd, the company behind the scheme, went into liquidation.
Eddie Davies runs
GYG Karting just north of Bala, and will this time be heading through the Alps.
Last week, Julian Hodge Bank lodged a petition to wind up
GYG Holdings Ltd, formerly known as Macob Holdings Ltd.
It was also a good day for first-time exhibitor Llyr Hughes, of Fferam
Gyg, Rhosgoch, who secured the Limousin reserve championship with 16-month-old homebred bull.
GYG Karting is hosting the latest round of the championship, an event being held over three days with the o-cial race day being staged on Sunday.
In February creditors of Macob's former parent company
GYG Holdings, the former Macob Holdings, approved a company voluntary arrangement.
"In the meantime, our responsibility is to our existing tenants, but we are also co-operating with the council to address any health and safety concerns around the building." Latest audited accounts for the year to end of June 2012 show that the immediate parent company of loss-making Macob Exchange,
GYG Holdings, had "several significant financial uncertainties that may impact on its ability to continue as a going concern."
Gemma, whose parents Eddie and Tracey run the
GYG Karting track in Cer-rigydrudion, said it would be a dream come true to finish first.
Last week Julian Hodge Bank lodged a petition to wind up
GYG Holdings Ltd, formerly known as Macob Holdings Ltd.