Greensill insolvency earns administrators £34m

By Charlie Conchie The collapse of the disgraced supply chain finance firm Greensill Capital has earned its administrators £34m in fees and expenses, according to reports. Insolvency firm Grant Thornton revealed in recent filings they had pocketed £4.4m of time costs between March and September on Greensill Capital UK, taking the total costs for the 18 months of the administration to about £23m, the Times reported. A further £10m of “other expenses” have been incurred, making it one of the most expensive insolvency jobs in recent years. The supply chain finance firm, which lent cash to firms t…

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