stopwatch

The harshness of the economic climate has wreaked havoc on many professions, but administration does not appear to be one of them. The eye-watering fee chart drawn up by PricewaterhouseCoopers (PwC) for its work following the bankruptcy ofUK distributor Keydata shows 5,733 billable hours at a cost of just over £2 million for the period between June 8, when PwC was appointed, and July 20.

The biggest bill was for 'creditor enquiries', for which 2,130 hours of work produced a charge of £485,000. N

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