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PwC administrators face closing petrol supplier to London

Reported by Accountancy Age on Tuesday, 29 May 2012 (on May 29, 2012)

Rachael Singh Hedge Funds Review ext

PWC ADMINISTRATORS may be forced to close the Coryton oil refinery if it fails to find a buyer soon. The oil refinery is responsible for the supply of about 20% of London and the South-East's petrol. It employs 500 staff directly and a further 350 through contracts. In January, Steven Pearson and Stephen Oldfield, from PwC, were appointed joint- administrators to Petroplus Refinery and Marketing which operates the Coryton plant in...

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