Global Counsel, lobbying firm set up by Mandelson, went bust owing £4.5m just before his arrest – as it happened

Show key events onlyPlease turn on JavaScript to use this featureFrom 23 Apr 2026Global Counsel, lobbying firm set up by Mandelson, went bust owing £4.5m just before peer's arrest, figures showThe lobbying firm co-founded by Peter Mandelson collapsed owing £4.5m to creditors including over half a million pounds to HM Revenue and Customs, the Press Association reports. PA says:

double quotation markGlobal Counsel went into administration in February amid the fallout from the scandal surrounding Mandelson’s historical links to paedophile financier Jeffrey Epstein.

Figures filed on Companies House showed the firm owed £4.54m when it went bust – with only £2.7m in assets for preferential creditors.

HM Revenue and Customs is among the list of creditors, with the taxman owed £645,789.

Administrators at Interpath were appointed in February for the London-based lobbying business, which said it suffered a significant financial impact from a swathe of customers cutting ties with the firm amid pressure over its association to the former politician and US ambassador.