From the administrators' statement

The company operated as members club providing access to drive supercars. Its sole shareholder is Ooto Group Limited (“Ooto”). In May 2019, Ooto came under the -effective ownership of Alvorez & Marsal Cayman Islands Ltd (“A&M”), insolvency practitioners.

The Company's operation was wound down and its sole remaining director, Kevin Byrnes, resigned on 20 September 2019.

In March 2020, we were approached by A&M to provide options advice with regard to winding up the Company's affairs. At that time, the only known assets was cash at bank and consideration was initially given to both solvent and insolvent winding up procedures.

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Autoxotica Limited (10346899)

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