Mid-tier firm PKF has been appointed to manage the business, which collapsed after more than 25 years in F1.
In a statement last week, PKF said they would be seeking to ‘maximise realisations for creditors’.
‘There has been a lot of interest in Arrows,’ receiver Philip Long said.
Arrows laid off their remaining staff in December last year after they failed to sell the team to a German-based group of investors.
They missed five of last season’s 17 races and also deliberately failed to qualify in France. They have no sponsor and no driver and have been barred from this year’s championship.
PKF also acted as liquidators for the British interests of the failed Prost Formula One team last year.
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