BusinessBusiness RecoveryPwC administrators notch up £6.6m in Keydata fees

PwC administrators notch up £6.6m in Keydata fees

Keydata fees reported by PricewaterhouseCoopers

Administrators from PwC have racked up £6.6m in fees for work on financial
services firm Keydata.

It charged 6,002 billable hours at £325 for the six months ending 7 June
2010, and is owed £1.94m, reported
MoneyMarketing.

PwC stated it expects to be paid partly from third party funding provided by
Credit Suisse and other banks.

Further reading:

Keydata
creditors committee unveiled

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