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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.”

Ends

Notes to Editors:
About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities.

Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.

 

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