Appointment of administrators
Plato Racing Ltd enters administration
In short: Plato Racing Ltd (company no. 16569611) entered administration, according to a Appointment of administrators notice published in The London Gazette on 17 August 2026. The office holders are James Varney (IP No. 27950); Simon Bonney (IP No. 9379), appointed 12 August 2026. The case is before the Business and Property Courts in Manchester (case Company and Insolvency List, No 001183 of 2026).
Plato Racing Ltd has been placed under administration by joint administrators James Varney and Simon Bonney as ordered by the High Court in Manchester on 12 August 2026.
Notice details
- Company
- Plato Racing Ltd
- Company number
- 16569611
- Registered office
- C/o Arafino Advisory Limited, 25 Southampton Buildings, London, WC2A 1AL
- Previous name of company
- Jason Plato Motorsport Ltd
- Principal trading address
- 11-14 Whittle Close, Park Farm Industrial Estate, Wellingborough, Northamptonshire, NN8 6TY
- Court
- High Court of Justice Business and Property Court in Manchester
- Case number
- Company and Insolvency List, No 001183 of 2026
- Date of appointment
- 12 August 2026
- Administrator(s)
- James Varney (IP No. 27950); Simon Bonney (IP No. 9379)
What this notice means
Administration is a formal insolvency process in which licensed insolvency practitioners (the administrators) take control of a company to try to rescue it as a going concern, or — where that is not possible — to achieve a better result for creditors than an immediate winding-up and to realise the assets. A statutory moratorium halts most legal action against the company while the administrators act.
Read more: Company Administration Explained.
How does this notice affect you?
Choose what applies and we'll point you at the right next step.
A written-off invoice rarely stops at the company that failed. The supplier left short is often the next business in difficulty — and the earlier that's dealt with, the more options stay open. If PLATO RACING LTD owed you money, it's worth checking where that leaves you.
Unpaid wages, holiday pay and statutory redundancy are claimed from the government's Redundancy Payments Service, not from K2. The insolvency practitioner named in this notice should send you a case reference — you'll need it to claim.
K2 has backed and restructured UK businesses since 1990, including buying trade and assets out of distress. These situations move in days rather than months, so if you're looking at PLATO RACING LTD or something similar, start the conversation early.
If your business is under pressure — creditors circling, a petition threatened, or cash running out — acting early changes the outcome. K2 has helped UK directors turn things around since 1990. Talk to us in confidence.
Related guidance
Free, practical guides from K2 on what this kind of notice means for directors.
More administration notices
Frequently asked questions
Has Plato Racing Ltd gone into administration?
The London Gazette published a Appointment of administrators for Plato Racing Ltd (company no. 16569611) on 17 August 2026. Administration is a formal insolvency process in which licensed insolvency practitioners (the administrators) take control of a company to try to rescue it as a going concern, or — where that is not possible — to achieve a better result for creditors than an immediate winding-up and to realise the assets. A statutory moratorium halts most legal action against the company while the administrators act.
What does a Appointment of administrators mean?
Administration is a formal insolvency process in which licensed insolvency practitioners (the administrators) take control of a company to try to rescue it as a going concern, or — where that is not possible — to achieve a better result for creditors than an immediate winding-up and to realise the assets. A statutory moratorium halts most legal action against the company while the administrators act.
Who is dealing with the administration?
The office holders named in the notice: James Varney (IP No. 27950); Simon Bonney (IP No. 9379), appointed 12 August 2026. Creditors, employees and anyone holding goods or money belonging to the company should contact them directly, quoting the company number and case number Company and Insolvency List, No 001183 of 2026.
The company owes me money — what can I do?
You are a creditor in the process. The insolvency practitioner named in the notice will write to known creditors and invite claims; if you have not heard from them, contact them with your invoices. Unsecured creditors rank after fixed-charge holders, the costs of the insolvency, preferential creditors and floating-charge holders, so recovery depends on what is left in the estate.
I worked there — how do I claim what I am owed?
Unpaid wages, holiday pay and statutory redundancy are claimed from the government's Redundancy Payments Service, not from the company or from K2. The insolvency practitioner named in this notice should give you a case reference to claim with.
Source: The London Gazette and Companies House. Contains public sector information licensed under the Open Government Licence v3.0. © Crown copyright. This page is provided by K2 Partners for information only and is not legal or financial advice.