Formula 1 team Super Aguri has entered administration.
Administrators from PKF have been appointed to the Langley-based team, which has
struggled for funding since a proposed takeover collapsed.
Philip Long, Ian Gould and Brian Hamblin from PKF are acting as joint
‘This administration provides a unique opportunity to get into high-level motor
sport without having to build an operation from scratch. In terms of capability
a new team could easily be up and running for the 2009 Formula 1 season,’ said
Long in a statement.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children