Description
On behalf of the Administrators of the W Series Race Program.
Timed online auction of the W Series Race Program
Kevin Ley, one of the Joint Administrators, 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”
Wyles Hardy & Co have been engaged by the Administrators to assist with the auction sale of assets from the W Series Race Program.
The assets for sale include: 18 single seater racing cars, 2 damaged cars (not track-worthy) & 1 show car (no gearbox or engine), 4 race trailer-bodied articulated trailers which operated as mechanics’ racing garages/pit lane support facilities, 1 race trailer fitted with an office facility, mechanics’ tools, equipment and spares & intellectual property enabling use of the W-Series brand and much, much more.
Auction goes live on Wednesday 17th January 2024 Auction closes 31st January viewing strictly by appointment from 23rd thru’ 26th January. For further details contact david.fletcher@wyleshardy.co.uk (07967 508542) or contact the Wyles Hardy Co office on 01442 832234.
The Race Car Spares Package and W Series Merchandise will be sold by Private Treaty once the Auction Sale has closed. Please contact David Fletcher on 07867 508 542 for further details.
Schedule and Notice to Purchasers
SCHEDULE AND NOTICES TO PURCHASERS
in respect of the following Sale By Private Treaty – On Behalf of the Administrators
Viewing: Viewing and inspection of the goods included in this sale will take place by appointment 9.00 to 5.00pm on weekdays until Tuesday 20th February 2024 at the W Series Ltd., Building 209, Dunsfold Park, Cranleigh, GU6 8TB.
See Purchase Terms and Clearance of Purchases Terms below for more details.
Wyles Hardy & Co Ltd may refuse access to the viewing and inspection of the goods to anyone in its discretion without giving any reason.
Car Parking: Is available. Please park having regard for other road users.
Damage: Persons attending a viewing will be held liable for any loss or damage they cause, and shall meet all costs, expenses, damages, losses and liabilities incurred in the rectification of the damage so caused, as advised by Wyles Hardy & Co Ltd.
Acceptance of Final Bid: IMPORTANT NOTE – Acceptance of all final bids is subject to prior approval by our client. Wyles Hardy & Co Ltd reserve the right to reject any bids which they feel are insufficient.
Invoicing: Invoices will be raised in the name of the registered party and due care and attention should therefore be given at the time of submitting an offer to ensure the correct details are provided. Under no circumstances will invoices be altered following their issue.
Notification: Successful offerors will be advised by email or by telephone. Upon such notification, buyers will be deemed to have been advised in accordance with 6.2 of the Conditions of Sale by Private Treaty.
Conditions of Sale: All lots or items will be sold, subject to the Conditions of Sale by Private Treaty, as shown on Wyles Hardy & Co Ltd’s website and those contained within this Schedule. Offerors are strongly advised to read them carefully and to re-visit the same from time to time to acquaint themselves with any amendments/additions.
Value Added Tax: All Lots or items are sold exclusive of V.A.T. which will be added to the Buyer’s sale accounts at the rate of 20% except those lots which are zero rated for VAT purposes as indicated.
Overseas Purchasers
On notification of the acceptance of an offer overseas purchasers must advise if the vehicle is intended for export and the destination of same and provide the following information / documents:
copy of their passport and another document confirming the identity;
details of their bankers and their UK corresponding bank;
details of their shipping agents and their UK representatives.
Value Added Tax (VAT): All lots are sold exclusive of V.A.T. which will be added to the purchaser’s sale accounts at the rate of 20% except those lots which are zero rated for VAT purposes as indicated in the catalogue.
Non E.C. Purchasers: Purchasers must advise the intention to export their purchases on offer acceptance. VAT will be levied on all purchasers at the rate of 20%. Upon receipt of a copy of the Bill of Lading detailing the purchases, a full description of the goods purchased/exported (a simple description of “box/crate” is deemed insufficient) and confirming their export outside the E.C., the VAT will be refunded. VAT will not be refunded on the buyer’s premium under any circumstances, nor where the Bill of Lading is not received within 30 days of the date of invoice. If outside the 30 day timescale purchasers will need to liaise direct with HMRC.
E.C. Purchasers: Purchasers must advise the intention for goods to be subject to an interstate transfer within the E.C. and also ensure that their local VAT registration details are provided when they first register for the sale. Upon receipt of documentary evidence giving conclusive proof that the interstate transfer has taken place the VAT will be refunded. VAT will not be refunded on the buyer’s premium under any circumstances, nor where the documentary evidence of the interstate transfer taking place is not received within 30 days of the date of invoice. If outside the 30 day timescale purchasers will need to liaise direct with HMRC.
N.B. Purchasers are solely responsible for obtaining export license’s, where required.
Conditions of Sale: All lots will be sold, subject to the Terms and Conditions of sale, as shown on our website and those contained within this schedule. Bidders are strongly advised to read them carefully and to re-visit the same from time to time to acquaint themselves with any amendments/additions.
Payment Terms: All purchases are to be paid in full, no later than 48 hours from the acceptance of the offer submitted by the purchaser. Friday 23rd February 2024.
Payment to be made by :
PREFERRED METHOD OF PAYMENT – Bank Transfer: (CHAPS, SWIFT etc.) to:
Account Name: Wyles Hardy & Co Clients Account
Account No: 48914576
Bank: NatWest Bank, Harrow & Watford Branch
Sort Code: 60-00-08
Bankers Draft: Please note Wyles Hardy & Co. NO LONGER accept Bankers Drafts as payment for purchases.
All queries regarding payment should be directed to our enquiries@wyleshardy.com, quoting AI1037.
Insurance of Lots: The buyer is at risk once the buyer is notified of his successful purchases and is strongly advised to effect insurance at once, irrespective of whether title has passed. Title does not pass to the purchaser until payment has been received in full.
Buyers of motor vehicles are responsible for ensuring that prior to use on the road, that in all respects the vehicle complied with all legal requirements as to the construction and the use of such a vehicle and furthermore for obtaining all certificates, permits and other authorisations necessary. We strongly recommend that this vehicle is removed using a suitable trailer / truck, rather than being driven immediately.
Clearance of Purchases: All lots must be removed by appointment 9.00 to 5.00pm on weekdays only from W Series Ltd., Building 209, Dunsfold Park, Cranleigh, GU6 8TB at the buyer’s expense. Collections can take place (strictly by appointment) between Monday 5th February and Friday 1st March 2024, 9.00am to 5.00pm. There will be no access to these premises after 1st March 2024. Wyles Hardy & Co Ltd do not undertake packaging, postage, delivery or shipment of goods and the bidder must make his own arrangements to comply with the clearance terms. Clearance of all lots must be undertaken in accordance with Health & Safety at Work Regulations and, where necessary, Construction Design and Management Regulations 1994. The purchaser should ensure that their contractors hold sufficient public liability insurance, copies of which should be made available to Wyles Hardy & Co Ltd if demanded.
Transfer of Lots: Wyles Hardy & Co Ltd will only accept payment from and permit removal of lots purchased by the successful purchaser or their duly appointed agent.
Wyles Hardy & Co Ltd reserve the right to refuse to accept the bid of any bidder should they be unable to satisfy Wyles Hardy & Co Ltd on any of the above.
If you agree to the Terms and Conditions and this specific Notice to Purchasers, you may register for this event. Registering for this event means you agree to both the BidSpotter.co.uk website’s Terms and Conditions and also Wyles Hardy & Co Ltd’s Terms and Conditions for this Sale.
Provision of Services Information: Wyles Hardy & Co. Ltd’s (whose trading style is Wyles Hardy & Co) principal place of business is Ley Hill Road, Bovingdon, Hemel Hempstead, Hertfordshire HP3 0NW, Great Britain.
Registered in England No. 2598566, Registered Office: 9 Bonhill Street, London, EC2A 4DJ, Great Britain. VAT Registration Number: GB579 1851 94.
Please note Wyles Hardy & Co Ltd issue self-billing invoices only.
Wyles Hardy & Co. Ltd operate a complaints handling procedure which is in compliance with the requirements of the RICS.
Professional indemnity insurance is provided by Aegis E&O Consortium 4605 and 1414 at Lloyd’s, Under Binding Contract No: B1309LM2117536537, Square Mile Underwriting, 6 Lloyd’s Avenue, London, EC3N 3AX.
