Print Published 15th Sep 2013, 20:26

Dentsu Europe in £0.5m liquidation shortfall

Mystery surrounds why £0.5 million attributed to investments in subsidiaries was not recovered during the recent liquidation of Dentsu Holdings Europe that coincided with the creation of the Dentsu McGarryBowen advertising network in Europe.

When the liquidators were appointed they made a statutory declaration of solvency estimating the company’s investments in subsidiary companies to be worth £1.85 million in September 2011 but they were only able to realise £1.34 million by the time they made their final report last month.