Print Published 8th Sep 2017, 12:02

Bell Pottinger board declared in February it expected to remain solvent for at least a year

In February this year the board of the beleaguered public relations consultancy Bell Pottinger Private was confident that the company would be able to discharge its debts as they fell due during the year immediately following that date.

This revelation comes at a time when the company is seeking to restructure its finances as it faces the possibility of going into administration (see Bell Pottinger in restructuring bid for survival) in the wake of its controversial activities for a South African client.

The declaration of solvency was made in connection with a restructure of the company’s preference share capital that took place in February, shortly after Lord Bell had sold his shares back to the company and a number of other shareholders had realised part of the shareholdings in a similar manner.