Deloitte appointed administrators to MWB Group Holdings PLC |
19 November 2012
Phil Bowers and Neville Kahn of Deloitte, the business advisory firm, have today been appointed Joint Administrators to MWB Group Holdings Plc following a resolution of the Board of directors.
The Joint Administrators will be exploring the options for realising value in the Company’s investment in MWB Business Exchange and any other assets held by the Company.
Phil Bowers, Joint Administrator and restructuring services partner at Deloitte, commented: “The administration appointment is to MWB Group Holdings only and does not impact on the ongoing operation of its trading subsidiaries, including Malmaison Group and the MWB Business Exchange Group, the second largest serviced office provider in the UK. All trading subsidiaries of the Group continue to run as normal.”
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