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. The business declared substantial losses each year since purchase in 2012 and had stopped producing frames. with liabilities believed to be over £500,000. including "Goodwill Rights in the FTR Moto Brand" and "Rights in the Registered Trade Mark and Unregistered Trade Marks". FTR went into liquidation in May 2018 before being dissolved in December 2023. ==References==