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Seems a bit unlikely, the year to March 2022 showed a surplus of £157k, a turnaround from a deficit of £73k for the year to March 2021. There are reserves sufficient to run losses of the scale of 2020/21 for several years, even the disastrously incompetent board might be able to find some savings out of their lavish expenditure before the well ran completely dry.
https://www.cyclingtimetrials.org.uk/documents/download/10376
Heard a rumour yesterday that the CTT is going bust! Apparently next season club evening ten events are going to cost £15 to enter!!!!!