Buyers keep collapsed supplier’s assets in UK
3 April 2012
Nearly all the assets and intellectual property of failed UK motorsport supplier Reynard have been acquired by British companies, its receivers said.
Formula One team BAR and a International Racing Management were the two main buyers.
Gareth Roberts, one of the receivers from Hurst Morrison Thomson, said: “That’s got to be good for the UK motorsport industry’s supply chain”.
The company’s demise comes after Chris Aylette, the head of Britain’s Motorsport Industry Association, called for more suppliers...