News
Danny McCance 11 Oct 2018 04:49pm

BDO pursues Bell Pottinger partners for £3.8m

The mid-tier firm is pursuing 90 partners at former public relations agency Bell Pottinger for repayments of profits

A letter to creditors said the liquidator BDO will pursue former partners of the agency for payments totalling £3.8m, according to the Times.

BDO was appointed as administrator for the agency following its ignominious collapse at the end of last year.

Bell Pottinger hit the headlines when it was accused of aiding a campaign aimed at stoking racial tension in South Africa. It was then expelled from the Public Relations and Communications Association for its “reprehensible” work for the controversial Gupta family. It continued to haemorrhage clients and fell into administration within weeks.

The £3.8m is repayment for profits shared by the partners in the year before the collapse of the agency.

These allegedly exceeded the amount the partners were entitled to, as Bell Pottinger made a loss in its final year of £1.5m.

BDO conducted a “rigourous investigation” into Bell Pottinger’s partnership deeds to increase the amount to be paid to creditors, said the Times report.

Former CEO of Bell Pottinger James Henderson has been contacted for comment.

BDO declined to comment.

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