Overview
- Joint administrators from Arafino Advisory were appointed to Plato Racing Limited on August 12 and are marketing the team’s assets, IP, commercial contracts and operational platform under a sale process called 'Project Speed'.
- Pantera Valuation Services’ listing asks interested parties to register by August 25, signalling the administrators’ preference for a swift sale to protect creditors and jobs.
- Sale documents show the business recorded turnover of £545,073 against overheads of £1,380,170, producing an operating loss of £835,097 since the team began competing in 2026.
- Sponsor Cataclean has provided interim funding and the squad will compete at Donington Park (Aug 22–23) as a restructured entry named CPRL; Jason Plato will no longer be involved in the team’s management or ownership.
- RML Group will continue technical support for the two Mercedes‑AMG A35 cars driven by Adam Morgan and Dan Rowbottom, and administrators say a quick sale is aimed at preserving the programme, jobs and sponsor value while a buyer is sought.