Ireland 
USA Evelyn Partners team appointed Joint Administrators of W Series Limited
Kevin Ley and Henry Shinners of Evelyn Partners LLP were appointed Joint Administrators on 14 June 2023.
Evelyn Partners team appointed Joint Administrators of W Series Limited
Kevin Ley and Henry Shinners of Evelyn Partners LLP were appointed Joint Administrators on 14 June 2023.
The W Series launched in October 2018 as a free to enter championship that sought to provide equal opportunities for women in top level motorsports.
In October 2022, the Company announced the 2022 season was being curtailed and that the remaining three races of the season would not go ahead. The decision was made due to further investment, which had been promised, not being received and the directors sought to focus on the longer-term funding options for the championship.
Kevin Ley, one of the Joint Administrators, said: “The news will be upsetting for the Company’s employees and drivers together with the worldwide supporters of the championship.
The Company had been unable to commit to the 2023 race season due to its liquidity position. The directors had been in discussions with various parties to provide additional funding together with a potential sale of the business. Unfortunately, these discussions did not progress.”
Henry Shinners added:” The Joint Administrators will explore all available options to allow the W Series to restart in the future. We are seeking expressions of interest in the business and assets of the Company. We would ask that any interest is registered with us as quickly as possible.
“Staff had been made redundant or had left the business before our appointment and it has unfortunately been necessary to make the remaining staff member redundant. The Joint Administrators will be looking to support any staff impacted by the Administration, given the financial position of the Company, with making and progressing any claims with the Redundancy Payments Office.”
Administration Enquiries:
Interested Parties
Kevin.ley@evelyn.com +44 (2) 20 7131 8314
Henry.shinners@evelyn.com +44 (2) 20 7131 4339
Shareholder & creditor queries
Robbie.abraham@evelyn.com +44 (2) 20 7131 4264
Employee & general queries
Ryan.spinks@evelyn.com +44 (2) 20 7131 8037
About Evelyn Partners
Evelyn Partners is the UK’s leading wealth management and professional services group, created following the merger of Tilney and Smith & Williamson in 2020. With £62.2 billion of assets under management (as at 30 June 2024), we are one of the largest UK wealth managers ranked by client assets and the seventh largest accountancy firm by ranked by Group fee income (source: Accountancy Age 50+50 rankings, 2023).
We have a network of offices in 30 towns and cities across the UK, the Republic of Ireland and the Channel Islands. Through our operating companies, we offer an extensive range of financial and professional services to individuals, family trusts, professional intermediaries, charities, and businesses.
Our purpose is to ‘place the power of good advice into more hands’, and we are uniquely well-placed to support clients with both their personal financial affairs and their business interests. Our personal wealth management services include financial planning, investment management, personal tax advice and, through Bestinvest, we have a multi award-winning online investment service for self-directed investors. For businesses, our wide range of services includes assurance and accounting, business tax advice, employee benefits, forensics, fund administration, fund governance, recovery and restructuring and transaction services.
For further information please visit: www.evelyn.com