Vincent Tchenguiz and Consensus Business Group

An article on 15 March stated that Vincent Tchenguiz's largest property business collapsed into administration on 14 March and that he was a member of the Board of Peverel who appointed the administrators, Zolfo Cooper. We are told that Peverel is owned by a family trust of which Vincent Tchenguiz is a beneficiary, and that it represents only a small element of the residential property interests on which CBG advises. Contrary to information previously received from a third party we now learn lacked authority to speak for Mr Tchenguiz, we are told that Mr Tchenguiz is not a member of the Peverel Board which appointed Zolfo Cooper. The Tchenguiz brothers do not own 283,966 residential freeholds, they are owned by the trust. We are happy to set the record straight.