In 2012 the company was sold for over £400,000 to the Heads of the Valleys Development Company, a private business trying to promote the possibility of establishing an entirely new motor racing circuit, provisionally known as the Circuit of Wales.[6][7]
The business declared substantial losses each year since purchase in 2012 and had stopped producing frames.[7] Motorcycle News reported in 2016 that the new owners wanted production transferred to Wales, and had envisaged a British-built motorcycle, with a British rider, racing on a new British track.[7]
In late 2016 the business entered insolvency,[8] with liabilities believed to be over £500,000.[7]
As of June 2017, administrators Lucas Johnson had instructed a marketer to advertise FTR's Intellectual Property assets for sale,[9] including "Goodwill Rights in the FTR Moto Brand" and "Rights in the Registered Trade Mark and Unregistered Trade Marks".[10] FTR went into liquidation in May 2018[11] before being dissolved in December 2023.[1]
