PKF insolvency experts are fighting car giant Honda for unpaid fees after being dismissed as administrators for defunct Formula One racing team Super Aguri last year.
Partners from PKF are owed around £300,000 for their work as joint administrators to Super Aguri, of which Honda was the major creditor with tens of millions owing when the racing team collapsed.
Honda, which closed its own Formula One team this season, rejected the administrators’ plan to sell Super Aguri, and their fees, then appointed liquidators from BDO Stoy Hayward to sell the assets of the business. Super Aguri was officially placed into liquidation on 7 July 2008.
PKF’s joint administrators, Philip Long, Brian Hamblin and Ian Gould, have applied to the courts to protect their fees… Details