BusinessCompany NewsRover ‘stalled on debts’ before collapse

Rover 'stalled on debts' before collapse

MG Rover may have delayed or disputed supplier payments before its collapse

MG Rover may have delayed payments to suppliers for up to a year, The Times reports today.

Link: PwC juggles 200 Rover buyers

The newspaper says it has documents suggesting that the company had been suffering liquidity problems long before its collapse.

It says suppliers were told the company had IT problems or that invoice amounts were being challenged.

The news could force a more formal investigation into Rover to uncover whether or not it was trading in insolvency before its collapse, says The Times.

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