Consultancy that advised TikTok, Palantir and GSK collapsed amid fallout over former minister’s links to Jeffrey Epstein
Peter Mandelson’s former consultancy firm Global Counsel went bust owing £4.6m – including more than £600,000 to the taxman – a report by the group’s administrators has revealed.
The company, which provided advice to high-profile clients including Chinese-owned TikTok, US tech firm Palantir and UK pharmaceutical firm GSK, collapsed in February, after it lost a series of accounts over the peer’s relationship with the convicted child sex offender Jeffrey Epstein.
Mandelson, who denies any wrongdoing, had resigned from the board in 2024 but continued to hold shares in the company.
Global Counsel’s client list received fresh scrutiny this month after it emerged Mandelson failed the UK government’s enhanced vetting process before he was appointed as UK ambassador to Washington, with speculation about security concerns around his links to foreign states, including China.
