LIQUIDATORS at PwC will distribute a further PS5.2 million to unsecured creditors related to the collapse of MG Rover Group
14 years ago.
This week marks ten years since Rob Hunt, Tony Lomas, and Ian Powell were appointed as administrators of MG Rover Group
In 2000 MG Rover Group
was formed following separation from the BMW Group and production of the MG TF began.
"We take our client and public interest responsibilities extremely seriously and are proud of the value we helped create for the MG Rover Group
MG Rover Group
, the manufacturer of Rover and MG cars, went into administration on April 8, 2005 owing creditors nearly Au1.3 billion.
A spokesman said: "The SFO does not intend to begin a criminal investigation into the sale of MG Rover Group
, following a review of documents sent by the Department of Business, Innovation and Skills.
The UK's Business Secretary Peter Mandelson has said 'The Serious Fraud Office has been asked to consider whether there should be a criminal investigation following completion of an inquiry into the collapse of the MG Rover Group
' and added 'The government's report will not be published now to ensure any potential prosecution is not prejudiced.'
Mr Cleaver, 41, who holds qualifications in business and technology management as well as in business and finance, formerly worked in various sales, marketing and production roles for the MG Rover Group
in the UK, as programme director for Latin America with Land Rover and later as the director of BlueSky Business Development Ltd, a self-start change management business.
APRIL 2005: Phoenix Consortium puts MG Rover group
into administration and 6,000 workers go home.
The good news was announced this week by Nanjing Automobile (Group) Corporation (NAC), the Chinese automaker which purchased certain assets of the former MG Rover Group
Nanjing Automobile acquired the rights to use the MG brand name and equipment to build MG Rover vehicles from Britain's now-defunct MG Rover Group
The Project Kimber team led by David James made an unsuccessful bid for the MG Rover group
after its collapse last year, losing out to major Chinese manufacturers Nanjing Automotive (NAC), which bought the company's assets for around pounds 50m.