John Towers (businessman) Nick Stephenson and John Edwards, Towers formed Phoenix Venture Holdings (PVH) which bought Rover Group for £10 in April 2000. In addition they also bought the Studley Castle, a conference hotel. They subsequently purchased Midland Powertrain, MG Rover's engine plant from BMW for £20. Finally, for £50 along with an undisclosed sum from the Royal Bank of Scotland, they purchased Rover Capital, (now MG Rover Capital) a book of Rover car loans. Kevin Howe was appointed MG Rover's Managing Director in July 2000. In April 2005, MG Rover went into administration, following the collapse of takeover talks with Shanghai Automotive
Nick Phoenix Nick Phoenix Nick Phoenix is a London-born composer and a co-founder of the production music company Two Steps from Hell. He has written music for a number of high-profile trailers, with over 1000 noted scores and placements in total. Since 1997, he has been involved in composing film trailer music and producing virtual instrument libraries for EastWest Sounds. In 2006, he formed Two Steps from Hell with his business partner, Thomas Bergersen, and the two publicly released the album "Invincible" in 2010. Several additional commercial album releases have since followed, including "Archangel" and "SkyWorld", each of which has charted on