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Consultancy co-founded by Peter Mandelson falls into administration

The Guardian - World NewsEN 2 min read 100% complete by Lauren AlmeidaFebruary 20, 2026 at 03:26 PM
Consultancy co-founded by Peter Mandelson falls into administration
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Global Counsel, a consultancy co-founded by Peter Mandelson in 2010, has entered administration after losing clients. The London-based company, employing around 100 people primarily in the UK, ceased trading and made UK staff redundant. The collapse follows revelations that Mandelson sought advice from convicted sex offender Jeffrey Epstein when establishing the business. Benjamin Wegg-Prosser, the other co-founder, also met with Epstein and shared the company's business plan. Administrators cited the rapid loss of clients as the reason for the company's financial distress, despite attempts to distance itself from Mandelson and Wegg-Prosser. Interpath, the administrator, will review assets and liabilities while focusing on supporting affected UK staff.

Key Entities & Roles

Key Player Opposition Context
US Department of Justice 30% New York 30% Labour Party (UK) 40% Will Wright 40% London 50% Interpath ×260% United Kingdom ×370% Benjamin Wegg-Prosser ×370% Jeffrey Epstein ×380% Peter Mandelson ×490% Global Counsel ×6100%

Keywords

jeffrey epstein 90% peter mandelson 90% global counsel 80% consultancy collapse 80% administration 70% public affairs 60%

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Negative
Score: -0.40

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Source
The Guardian - World News
Classification Confidence
90%

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