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MG Rover

The Department for Business, Innovation and Skills is announcing that on Friday 11 September it will be publishing the report produced by independent inspectors appointed by the then Secretary of State for Trade and Industry after MG Rover Group went into administration on 8 April 2005 owing creditors nearly £1.3 billion. The inspectors were appointed under Section 432 of the Companies Act and had wide powers to require documents and the attendance of witnesses, including directors, officers and agents of the company. They investigated the affairs of MGRG, its parent company Phoenix Venture Holdings and MGR Capital Limited and 32 related companies between the purchase of MGRG from BMW in May 2000 and the date of it entering administration. Copies are being sent to members of the BIS Select Committee and to the Library of the House. The report will also be available on the BIS website.