A Lancashire businessman has been fined more than £1,500 and banned from driving after being caught at almost 100mph in his Ferrari, which also had a dodgy number plate.

John Perez, 37, had previously pleaded guilty in May to speeding and to driving a vehicle when its registration place does not conform to regulations on October 27 last year.

Perez was caught going 97mph in his Ferrari 488 Spyder near Junction 3 of the M1 in London, 27mph above the national speed limit.

The £207,000 supercar, which has a 3.9 litre V8 engine producing 661bhp and with a top speed of 205mph, also was carrying the registration plate ‘TH11 CKK’, which did not conform with regulations.

The Vehicle Excise and Registration Act 1994 dictates the minimum distance between the ‘TH’ and ‘11’ on the plate should be 33mm, but on Perez’s car it was only 10mm.

Perez, of Coopers Row, Lytham St Anne’s, was present at the sentencing hearing at Preston Magistrates’ Court on November 2.

For the offences, he was handed a fine of £1,283 and also ordered to pay court costs of £110, and a surcharge to fund victim services of £128, for a total amount to be paid of £1,521, which must be repaid by the end of November.

He was also handed a disqualification from driving for the offences, with magistrates say it was unavoidable due to his repeat offending.

But after listening to his solicitor Michael Leach, who said a driving ban would have a serious impact on the defendant’s mental health, the disqualification was reduced to just three months.

He also had his driving record endorsed with six points