Banbury, Oxfordshire - Ferrari and McLaren stand to lose millions as a result of the collapse of the Marussia Formula One team.
Ferrari, Formula One's oldest and most successful team, is owed £16.6 million (R300 million) for engines supplied.
McLaren, which had a technical partnership with Marussia, is owed £7.1 million (R128 million).
According to the Sunday Telegraph, Lloyds Development Capital, the private equity division of taxpayer-owned Lloyds Banking Group, was owed £13.2 million (R238 million) which was secured on all of Marussia's assets, unlike money owed to more than 200 other creditors.
Geoff Rowley, managing partner of administrator FRP Advisory, was quoted as saying Lloyds Development Capital had priority over other creditors but the estimated payout was unlikely to exceed £1.6 million (R29 million).
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“The secured creditors will suffer a significant shortfall,” he said. “There are not enough assets to enable a distribution to be made to unsecured creditors.”
Marussia closed early in November, leaving about 200 staff out of work, and missed the last three races of the 2014 season.
Much of the team's kit has been auctioned off already but another sale date is scheduled for 21 January, when the three 2014 cars - minus engines - will go under the hammer.
The team scored only two points in five years, with those coming in Monaco this year thanks to French driver Jules Bianchi, who subsequently suffered severe head injuries in a Japanese Grand Prix crash.
Reuters