Scottish Daily Mail

£30m to wind up Greensill

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THE bills for administra­tors and lawyers to wind down Greensill Capital’s UK business are estimated to come in at more than £30m in the first year alone.

Greensill, which was run by Australian financier Lex Greensill and counted David Cameron as an adviser, went bust in March.

It was the major funder to Sanjeev

Gupta’s GFG Alliance, which includes Liberty Steel.

Greensill’s administra­tors Grant Thornton racked up fees of £2.9m by mid-April. A report showed those charges could rise to £15m by next March. These are on top of a forecast £12m to £16m in legal fees – for firms including Herbert Smith Freehills and Allen & Overy.

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