By alley - Oct 1, 2014, 4:00 PM ET

F1: Caterham denies report its assets were seized

The Caterham Formula 1 team says its Leafield, UK factory continues to function as normal despite speculation that goods were seized by authorities on Wednesday.

Speculation was rife on Wednesday that bailiffs had seized goods from the team and that all its staff had been asked to leave the factory. UK High Court enforcement officers The Sheriff's Office

published a list of goods

it claimed belong to Caterham, including parts to be used in this weekend's Japanese Grand Prix and a 2013 test car.

Caterham labeled the report as "unfounded and unsubstantiated" and claimed its preparations for the Suzuka race were going ahead as planned.

"There have been unfounded and unsubstantiated rumors concerning actions against 1MRT, the entrant and owner of CaterhamF1," said Caterham in a statement. "An action was threatened yesterday against a supplier company to 1MRT. This company is not owned by 1MRT and it has no influence over the entry of CaterhamF1 or the entrant.

"Also contrary to uncontrolled rumors, all operations are currently in place at Leafield and the race team is doing its preparation in Japan."