McLaren Group chairman Ron Dennis was honoured on stage on Wednesday night when he became one of the very first inductees into Motorsport magazine's Hall Of Fame.

The inaugural event was billed as 'an exclusive club for the greatest, fastest and most influential figures in the sport', and took place at Camden's legendary Roundhouse, a former Victorian steam engine repair facility that has been magnificently restored into one of London's leading cultural venues.

For the event's launch, Dennis shared the limelight with three fellow inductees - 1950s' grand prix winner Tony Brooks, sports car legend Jacky Ickx and 1978 F1 world champion Mario Andretti. The event was also attended by Sir Stirling Moss and three-time F1 world champion Sir Jackie Stewart as well as celebrities such as TV chef James Martin and Grand Designs presenter Kevin McCloud.

Dennis received his award from TAG Heuer managing director Antoine Pin and Pink Floyd drummer and motorsport aficionado Nick Mason.

"People often ask me to list the highlights of my long career in motor racing. Well, by coincidence, I started in F1 in 1966, working for Cooper, the same year as McLaren first competed in a grand prix. It's a little known fact that, since then, more than 100 F1 teams have come and gone; and, of the teams that were around in 1966, only McLaren and Ferrari have remained. I guess that's a highlight, and a source of great pride," Dennis told McLaren's official website.

"And the success that we've had since then has been a source of great pride too - a source of great pride for everyone who works for McLaren, not only me. Of the 665 grand's prix we've competed in, we've won 164 of them, which is 25 per cent, and we've been on the podium in 352 of them, which is 53 per cent. So those are the highlights, I think.

"But, even more than that perhaps, my passion throughout my 44-year F1 career has been to do all I can to help make this sport as fantastic as it can possibly be. In that context, I'm honoured to have been inducted into the Motorsport Hall of Fame alongside some of the great names of our sport, and am confident that our sport's future can and will be every bit as glorious as its past."

Last night's accolade follows the presentation of the Gregor Grant Trophy for lifetime achievement, which was awarded to Dennis at the Autosport Awards last December.