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.’