BDO appointed to oversee Bell Pottinger administration
Bell Pottinger, the UK public-relations firm founded by an adviser to Margaret Thatcher and slammed for stoking racial tensions in South Africa, filed for administration late on Tuesday. Financial adviser BDO has been appointed to oversee the process.
The PR company lost clients and staff over its controversial work for the Gupta family in South Africa and was expelled from the UK’s PR trade body last week.
“Following an immediate assessment of the financial position, the administrators have made a number of redundancies,” a BDO spokesman said.
“The administrators are now working with the remaining partners and employees to seek an orderly transfer of Bell Pottinger’s clients to other firms in order to protect and realise value for creditors.”
Bell Pottinger, which made a profit of £11 million pounds on revenues of £33 million in 2015, was criticised by an industry body after an investigation found its work on behalf of the Gupta family had included a racially-divisive social media campaign.