Bell Pottinger administration

Overview:

• Bell Pottinger has entered into administration.
• The company is a PR agency founded in 1987 by Lord Bell.
• The situation came about after the agency lost a string of clients in the wake of a scandal in South Africa where it was accused of stirring up racial tensions by The Public Relations and Communications Association (PRCA).
• BDO is acting as administrator.
• The parent firm is believed to have debts of around £5 million according to The Guardian.
• Bell Pottinger's subsidiaries that are working outside the United Kingdom, are still in business under separate management conditions.
• Clients of the company are being relocated to other firms.
• The biggest lender to the company was Lloyds Banking Group.

Katrin Kostadinova - Data analyst