W Series administrators launch business and asset sale process

Evelyn Partners, who were the administrators in June, are marketing assets including cars, stock and the W-Series brand. The purchase will take the form of a business and asset sale, with the potential to restart the series in the future.

W Series launched in October 2018 as a free to enter championship that sought to provide equal opportunities for women in top level motorsports. However, the business had been in hiatus prior to the appointment of the administrators as it had been unable to commit to the 2023 race season after failing to secure additional funding. 

One of the series’ joint administrators Kevin Ley said: “The announcement that W Series had gone into administration was upsetting for all stakeholders that had previously been involved with and supported the championship. 

“As well as our duty to maximise possible returns for creditors, it has always been our hope that the W-Series may re-start under new ownership in the future and this is an option for a purchaser. This represents an exciting opportunity to acquire a fully equipped racing series and for a new owner to re-launch a much-loved venture that has a network of supporters all over the world.      

“Since being appointed, we have received numerous initial expressions of interest in the business and its assets. Now that we have formally commenced the marketing process, we ask that any interest is registered with us as quickly as possible ahead of the indicative offer deadline of midday on 12 October 2023.

“Wyles Hardy & Co, one of the country’s leading independent firms of machinery and business asset valuers, has been engaged by the Joint Administrators to assist with the sale process.”