The four owners of Phoenix Venture Holdings, the holding company of MG Rover until its collapse last year, were expected to file their long-overdue accounts on Wednesday, according to the Financial Times.


The individuals have been threatened with prosecution if they do not file their accounts by next week.


However, the newspaper reports that company auditors Deloitte are still working on the figures, and that a last minute problem could delay the accounts further.


The accounts will detail how much John Towers, Nick Stephenson, John Edwards and Peter Beale paid themselves in the year before the company’s collapse.


The four have attracted criticism for sharing out around GBP40m despite the fact that the company was loss-making. They had paid GBP10 to purchase Rover from BMW in 2000.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.