|
|
16 Apr 2009
The cost of the investigation into MG Rover's collapse has topped more than £14m to date, with no clear indication as to when it will be concluded.
BDO Stoy Hayward won the high-profile job in 2005, but the case has dragged on, to the frustration of MPs, the FT reported.
BDO partner Gervase MacGregor, has been spearheading the probe alongside Guy Newey QC, an insolvency law specialist.
Fees paid to the inspectors by the end of February totalled £12.2m, with expenses and VAT taking the total bill to £14.8m.
Peter Luff, Conservative chair of the business select committee, told the FT: 'Every penny spent on this long-drawn-out inquiry is money that would much better have been spent developing green technology for Britain's motor manufacturers,' he said.
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment