Overview
- Insolvency specialists at Forvis Mazars said Adam Harris and Michael Pallott have been appointed joint administrators by a qualified floating charge holder after an application was lodged at the High Court.
- Mrs Justice Cockerill is due to deliver judgment on Wednesday in the Department of Health and Social Care’s civil claim over 25 million surgical gowns that the Government says were not sterile.
- Court filings and company accounts show PPE Medpro has roughly £666,000 in net assets after using about £4.2 million to defend the case.
- Baroness Michelle Mone rejected wrongdoing and accused the Government of scapegoating, saying PPE Medpro offered to replace the gowns or pay a £23 million cash settlement that was declined.
- The dispute follows an NCA investigation that included raids and interviews under caution, with about £75 million of assets linked to Mone and Doug Barrowman previously frozen by court order.