In September 1960 the "Yeoman Credit Racing" identity and sponsorship funds were moved by the Samengo-Turner brothers to the newly formed "Reg Parnell Racing" team, as relations between BRP and Yeoman Credit had broken down. BRP had to find a new sponsor and sourced new funding from the United Dominions Trust, a competitor of Yeoman Credit in the financing of retail motor sales. The Yeoman Credit team continued, now in its new dark-blue-and-red liveried Cooper T53s, during . Despite a good start to the season with John Surtees winning the Glover Trophy at Goodwood (the first 1.5 litre non-championship Formula One race), results did not come as expected.