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Mandelson-founded firm on brink of closure after Epstein scandal

Related: Government 'committed to being transparent' on Mandelson appointment, says Darren Jones

Global Counsel, the consultancy firm co-founded by Lord Peter Mandelson, is reportedly preparing to enter administration as early as Friday.
The decision follows a wave of client departures after Lord Mandelson's past links to convicted paedophile Jeffrey Epstein became public.
Lord Mandelson was sacked as ambassador to Washington in September 2025 due to his friendship with Epstein, and police have searched homes linked to him over alleged document leaks.
Files recently released by the US Department of Justice suggested Epstein made $75,000 in payments to Lord Mandelson between 2003 and 2004.
Global Counsel confirmed earlier in February that Lord Mandelson no longer holds a stake or influence in the business, with co-founder Benjamin Wegg-Proser also stepping down.

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