BusinessBusiness RecoveryPwC defends Rover fees

PwC defends Rover fees

PwC defends £10m fees for work on MG Rover

Rover administrator PricewaterhouseCoopers has been paid £10m over the past
12 months since the collapse of the carmaker.

The fees are split between £8m for work on MG Rover and £2.1m on its engine
business Powertrain.

A PwC spokeswoman said the fees reflected the size of the administration and
the ‘huge amount of work’ involved. ‘To put it in context, we’ve generated in
excess of £150m so our fees make up less than 7% of that figure,’ said the
spokeswoman.
‘Fees are approved by the creditors.’

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