Bike manufacturer Norton Motorcycles has gone into administration.
According to Sky News, the Leicestershire-based firm has appointed administrators BDO after reports it was having trouble paying its tax bill which is believed to stand at around £300,000.
The company, which was founded in 1898, has been a part of the TT for several years with the likes of John McGuinness and David Johnson riding for the outfit.
The organisation was bought by entrepreneur Stuart Garner in 2008.
Cregneash bus campaigners to host coffee morning
Campaigners hoping for the return of a bus service to and Island beauty spot will be hosting a coffee morning later this month.
Minister hits back over 'five clothing items' green advice
Environment Minister Clare Barber says a government blog "the rule of five" was really about buying local.
Douglas dredging planned for next week
Dredging in Douglas Harbour is due to get underway next weekend.
Police hunt pub spitter - do you recognise him?
Do you know this man?
Collection for Myanmar earthquake victims this weekend
The One World Centre is asking people to dig deep this weekend as it collects money to help people in Myanmar.
Child sex images investigations to get AI help
Police will use AI in future to judge how bad child sex images are.
FOI request shows overcrowding at prison
The Department of Home Affairs says the prison has almost 15 per cent more inmates than it was designed for.
Hiring advisors will save health money, says minister
The Island's health minister says hiring two external consultants will help Manx Care meet its budgets in future.
