Failed fin coys net PwC more than $10 million

Failed finance companies have netted PricewaterhouseCoopers more than $10 million since the sector collapse started in 2006.

The lion's share of this comes from the $3.27 million charged for Provincial Finance, which marked the start of the sector's collapse. This will likely be superseded by Bridgecorp, which was at $2.87 million at the September update last year.

PwC has made $1.36 million from Five-Star Finance, whose directors are facing criminal charges laid by the Companies Office, and about $1.2 million from Nathans Finance and VTL. It made $1.1 million from National Finance 2000, which sold its loan book to Allan Hawkins' Cynotech Holdings.

A spokeswoman for PwC said the firm does not comment on its fees.

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