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That's not much in the way of 'tangible assets' is it?
For such a longstanding company, who would have us believe they're one of the market leaders in the sector, I would have expected a few more assets than that.
I'm no expert in such matters, but I take it that it means they basically didn't own anything (apart from an engine, a chassis and a trailer!), and everything they had was either leased or on the never-never?
I too feel sorry for any poor sods who are owed money from the sale of a car. They'll be lucky to see much, if anything, I imagine. By the time the priority creditors have had theirs, there probably won't be much, if anything left for anyone else.
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