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10 Jul 2008
Liquidators from BDO Stoy Hayward are now handling the sale of Super Aguri, the collapsed Formula 1 team after creditors decided not to wait for the business to be sold as a going a concern.
Super Aguri was officially placed into liquidation on 7 July after creditors voted to replace administrators from PKF with liquidators from BDO Stoy Hayward.
BDO's William Turner and Geoffrey Kinlan were appointed as liquidators last month.
Turner said: 'We are in negotiations with a number of interested parties over the realisation of the team’s remaining assets to generate as much money as possible for the benefit of all creditors.'
Some of Super Aguri's assets are set to be sold on eBay at the end of the month, which is thought to be a first for the UK insolvency market, but BDO is hoping to complete the sale before the online auction takes place.
'The auction is scheduled to go ahead but we are working hard to complete a sale beforehand,' a BDO spokesman said.
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