PracticeAccounting FirmsBDO jumps into pole in Super Aguri liquidation

BDO jumps into pole in Super Aguri liquidation

Super Aguri in the hands of liquidators from BDO Stoy Hayward after the company passed over by PKF administrators

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.

Further reading:

Super
Aguri assets to be sold on eBay

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