Less than a week after it was expelled by UK’s public relations trade group, Bell Pottinger has finally collapsed under the weight of hate campaigns it ran in South Africa.
It would be recalled that Bell Pottinger had witnessed a massive Exodus of its key clients including the exit of its Middle East unit which requested to be separated from the UK company as a result of the toxic image it generated from its work on the Oakbay Capital account.
According to a statement released by BDO, the management accountant consulting company that was managing the administration phase of the company, Bell Pottinger’s UK’s operation will be affected by the shutdown. BDO said:
“Following an immediate assessment of the financial position, the administrators have made a number of redundancies,” BDO said.
“The administrators are now working with the remaining partners and employees to seek an orderly transfer of Bell Pottinger’s clients to other firms in order to protect and realise value for creditors.”