Official Top Gear track day experiences have been axed at the last minute after the firm running them stopped trading due to its "financial position".

TGXP Ltd confirmed on its website that bookings scheduled between now and November 18 would not go ahead and "it will not be possible to reschedule".

The statement continued: "It is anticipated that the company will enter a formal insolvency process and advice is being taken.

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"We sincerely apologise for any inconvenience caused and would like to thank everyone who participated in the Top Gear Track Experience over the last two years - for their custom, enthusiasm, for great feedback and support."

It advised those who had booked through a third party to contact their provider, and those who had booked directly with TGXP to contact their card company.

Customers who paid up to £90 for experiences, including a race lap with The Stig, said they were furious at the short notice.

Sharon Evans-Hope, 46, from Bath, who paid £60 for son Marcus to visit the track at Dunsfold Park, Surrey, and £240 to stay at a nearby hotel, told The Sun: "He eats, sleeps and breathes Top Gear and he is devastated.

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"We have saved hard to ensure he has a mini break with accommodation and we can't cancel this, so who is going to pay for this?"

The track days, which include under-17s off roading, have been run for two and a half years.

The BBC recently announced that Matt LeBlanc has signed a two-series deal to host Top Gear when it returns next year.

DJ Chris Evans quit after one series, saying he gave it his best shot but it was "not enough".

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He added that LeBlanc is the "captain" and should remain on the show, and dismissed reports that the pair's relationship had broken down amid flagging audience numbers and unfavourable reviews.

TGXP said: "Despite good reviews and early strong sales for the Top Gear Track Experience, there has been a sharp decline in ticket sales and interest since the changes in the television show.

"We deeply regret the position this puts our remaining customers in, have posted refund advice on our website and will be contacting all our customers directly in the coming days."