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Caterham Sports Limited staff locked out of Oxfordshire site Caterham F1 staff locked out of Oxfordshire site
(about 2 hours later)
Staff working for the Caterham F1 team have been locked out of the firm's Oxfordshire site, the administrator has confirmed to the BBC. Staff working at the Caterham F1 team site in Oxfordshire have been locked out of the firm's premises, the administrator has told the BBC.
Finbarr O'Connell, from Smith & Williamson, said Caterham F1 operator 1MRT had made an "inadequate" offer to continue using the Leafield site.Finbarr O'Connell, from Smith & Williamson, said Caterham F1 operator 1MRT had made an "inadequate" offer to continue using the Leafield site.
Smith & Williamson owns the building, where the F1 cars were made.Smith & Williamson owns the building, where the F1 cars were made.
Mr O'Connell said he was trying to resolve the situation with 1MRT, but until then has locked staff out. Mr O'Connell said he was trying to resolve the situation with 1MRT but until then had locked staff out.
Employees from Caterham Sports Limited were transferred to 1MRT when the company was placed into administration. Employees from Caterham Sports Limited - which manufactures cars for the F1 team and is run as a separate company - were transferred to 1MRT when the company was placed into administration on Monday.
Mr O'Connell said 200 jobs were at risk and up to £20m was owed to external suppliers.
Tony Fernandes, who owns the Air Asia airline and Queens Park Rangers football club, sold the team to a Swiss and Middle eastern consortium, Engavest SA, in July.
The consortium has insisted Caterham Sports Ltd is not related to them, as they had transferred operations to the team's holding company, 1MRT.
Developments at Caterham have brought into question the team's participation in the forthcoming US Grand Prix, which takes place in Austin, Texas, on 2 November, and the race in Brazil the following weekend.
In a statement, Caterham F1 said: "The administrators' appointment has had devastating effects on the F1 team's activities."