Negotiations with the potential backers and sponsors failed, and the companies that would pay for Hideki Noda to drive the Simtek were severely affected by the Kobe earthquake. Prior to the next race, Simtek Grand Prix went into voluntary liquidation and the receivers, Touche Ross, were called in. The collapse of the Formula One team also forced Simtek Research to declare itself bankrupt. In total, 48 jobs were lost and with the team unable to be sold as a going concern, Simtek's assets were auctioned off.