"This is a deeply painful moment for everyone involved with the business, including our participants, staff, partners, suppliers, volunteers, and the wider trail running community that has supported our events for the last 15 years. I am truly sorry that we have reached this point."
"It has become evident that continuing to trade is neither fair nor reasonable, as it risks increasing the overall debt owed to creditors, participants, and suppliers."
"Ourea Events is known for creating some of the U.K.'s most challenging events. The Northern Traverse is a 300-kilometer, five-day event across the Lake District, the Cape Wrath Ultra is 400 kilometers completed over eight days, and the flagship event, the Dragon's Back Race, is a six-day event covering 380 kilometers of some of Scotland's most rugged terrain."
Ourea Events announced its closure on March 12, canceling major ultrarunning events that had operated for 15 years. Event director Shane Ohly cited multiple financial challenges: COVID-19-related debt from operational shutdowns, rapidly increasing living costs, and reduced international participation potentially linked to Brexit. The company's flagship events included the 300-kilometer Northern Traverse across the Lake District, the 400-kilometer Cape Wrath Ultra, and the Dragon's Back Race covering 380 kilometers of Scottish terrain. Ohly expressed remorse for the closure and apologized to participants, staff, partners, suppliers, and volunteers. He explained that continuing operations risked accumulating additional debt to creditors and stakeholders, making closure the responsible decision.
Read at iRunFar
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