Global Counsel said it had stopped trading and that UK staff were being made redundant.
The advisory firm co-founded by Peter Mandelson has collapsed into administration, in the fallout from the scandal surrounding his historical links to paedophile financier Jeffrey Epstein.
Global Counsel said it had stopped trading and that UK staff were being made redundant.
Administrators at Interpath have been appointed for the London-based lobbying business, which said it suffered a significant financial impact from a swathe of customers cutting ties with the firm.
This left directors with no choice but to bring in administrators, it said.
Will Wright, UK chief executive of Interpath and joint administrator, said: “While Global Counsel had grown over the past 15 years to become one of the UK’s leading public affairs consultancies, the rapid and sudden loss of clients over recent weeks has had a monumental impact on the business.”
Steve Absolom, managing director at Interpath and joint administrator, said: “Our immediate focus is on supporting the talented and loyal UK team of Global Counsel employees who, having collectively built a market-leading business, now sadly find themselves having to be made redundant.”
