PPE Medpro Administration: £145.6M Government Debt Unpaid Amid NCA Investigation
PPE Medpro has entered administration while owing £145.6 million to the UK government after missing its payment deadline. The firm, linked to Baroness Mone, faces a National Crime Agency investigation over PPE contracts awarded during the pandemic.
PPE Medpro Enters Administration With Massive Government Debt
PPE Medpro, the personal protective equipment firm linked to Baroness Michelle Mone, has entered administration while owing £145.6 million to the UK government, according to reports from the Department of Health and Social Care. The company reportedly missed its deadline to repay £122 million, with interest now accruing at 8% annually on the outstanding amount.