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Battle with bailiffs won’t distract Caterham’s Formula One team

13:07 03 October 2014

File photo dated 24-05-2014 of Caterham

File photo dated 24-05-2014 of Caterham's Marcus Ericsson during Qualifying for the 2014 Monaco Grand Prix at the Circuit de Monaco, Monte Carlo, Monaco. PRESS ASSOCIATION Photo. Issue date: Thursday July 17, 2014. Caterham have made 40 employees redundant as part of a restructuring programme following the arrival of new owners. See PA story AUTO F1 German Caterham. Photo credit should read: David Davies/PA Wire.

PA Wire

The Caterham Formula One team insists it has been business as usual as it prepares for the Japanese Grand Prix alongside an ongoing battle with a bailiff company.

The motor-racing team has insisted it will race at Suzuka this weekend despite enforcement agent The Sheriffs Office announcing that it has seized goods from their Leafield factory.

Caterham has strongly denied it has had any items removed, instead laying the blame at the door of one of its suppliers.

The struggling team was sold by Tony Fernandes in July, with a Swiss-Middle Eastern consortium taking over, but financial difficulties continue to threaten its future in the sport.

Among the items listed on The Sheriffs Office website as being seized were car parts bound for Japan, but Caterham driver Marcus Ericsson has not noticed anything different in the pre-race planning.

The Caterham F1 team is part of the Caterham Group, which includes Caterham Technology based at Hingham in Norfolk. The Sheriffs Office posted a statement on its website listing the items seized and confirming they would be auctioned later this month, but Caterham hit back and confirmed it will be running as expected this weekend.

“There have been unfounded and unsubstantiated rumours concerning actions against 1MRT, the entrant and owner of CaterhamF1,” a statement read.

“An action was threatened yesterday against a supplier company to 1MRT. This company is not owned by 1MRT and it has no influence over the entry of CaterhamF1 or the entrant.

“Also, contrary to uncontrolled rumours, all operations are currently in place at Leafield and the race team is doing its preparation in Japan.”

The bailiff issue is another twist in the continued struggle to keep the team afloat, as Caterham remains in dispute with a number of former employees who lost their jobs under cost-cutting measures brought in by the new owners.

Have you got a business story for the Evening News? Email ben.woods@archant.co.uk

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