Formula 1 Team Caterham assets for sale

Wed, 20 May 2015 | BUSINESS SALE

The second auction of the assets of F1 Team Caterham is set to take place today (20 May) with a range of interesting equipment and machinery up for sale.

Caterham Sports Ltd, located in Leafield, Oxfordshire, entered administration in October 2014.

Administrators Smith & Wilson handled the situation and are now organising the sale of the F1 car manufacturer's assets through an auction house. This is the second auction of the group's assets with the first taking place in April, however, this second auction is likely to include some of the firm's more unique assets, such as its machinery and equipment used to build some of the highest performance cars in the world.

Included in today's auction are equipment from the race bay and the company's work and office equipment.

There is one further auction advertised to be taking place on 3 and 4 June this year which is set to include race car archives, merchandise and branded clothing and memorabilia from Caterham.

The administrators had originally been hopeful of finding a buyer for the team, but this didn't end up being the case. As the first auction loomed, administrator Finbarr O'Connell spoke to BBC Radio Oxford: “I’m not going to say there’s an absolute deadline on being able to make the first race. Teams can miss two races and I’m keeping the ‘for sale’ signs up for as long as there are interested parties out there.”


View the latest companies in liquidation and their assets for sale.


Share this article



Latest Businesses for Sale

Manned & Electrical Security Solutions
South East, UK

Provides an extensive range of manned and electrical security solutions, including manned dog patrols and CCTV installation. Established for nearly 20 years. Utilises an in-house 24-hour control room for monitoring and response. Offers invited.

Asking Price: Offers Invited
Turnover: £3,100,000

LEASEHOLD


Complete Package of Pearpoint Pipeline Inspection Equipment (Fast Sale)
UK Wide

Viewing: Anytime In Normal Office Business Hours. Closing From 12 Noon Thursday 20th June.

Asking Price: Offers Invited
Turnover: £300k - £1m

Products & Contracting Services
UK Wide

Project Lake carries out contracting services for soil and water erosion control and ecological restoration projects, also supplying some of its own products into these projects at a healthy profit margin. Project Lake has four distinct areas of rev...

Asking Price: Offers Invited
Turnover: £5,000,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Jun
 

Meat and poultry wholesaler goes under - business assets up for sale | ADMINISTRATION

Financial difficulties at a London-based meat and poultry di...

 
18
 
Jun
 

Administrators called in for West Midlands contractor | ADMINISTRATION

A contractor based in Aldridge, West Midlands has collapsed ...

 
17
 
Jun
 

Sheffield candle retailer enters administration | ADMINISTRATION

A shop retailing candle and gifts in Sheffield has collapsed...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources