Caparo

Caparo plc is a British company involved mainly in the steel industry, primarily in the design, manufacturing and marketing of steel and niche engineering products.[1]

Current affairs

Caparo was founded by Lord Swraj Paul, in 1968.[1]

Sixteen companies within the group were put into administration in October 2015, leaving three to continue trading as normal.[2][3]

One month later, Sanjeev Gupta, head of Liberty House Group, announced that his family had bought a part of the business from the administrators.[4] Liberty House bought Caparo Merchant Bar - one of the three solvent parts of the business that had continued trading - from the administrators in 2017. While CMB had remained solvent, its ability to develop had been restricted by its ties to a pension scheme of its former parent group.[5] Numerous other deals by the administrators saw many companies within the group sold, with consequent savings in jobs.[6]

History

The group was headed by Angad Paul, the son of Lord Paul, from 1996, until his death on 8 November 2015.[7]

According to a text published 1995, the Caparo group specialized in take-overs. At the time of publishing, the company had fixed assets and investments (having been quoted), of £26 million.[8]

A court case involving Caparo, Caparo Industries plc v Dickman, dated to 1990, has become the standard in cases where it is necessary to establish negligence.[9]

References

  1. 1 2 Caparo plc. website. published by Caparo plc. Retrieved 2015-11-09.
  2. ↑ S. Farrell and D. Hellier - article published by the Guardian 19 October 2015. Retrieved 2015-11-09
  3. ↑ "Caparo Industries plc and its subsidiaries – collectively the "Caparo Industries group" or "CIP"- in administration". PwC. 19 October 2015. Retrieved 2018-05-19.
  4. ↑ "Gupta family interests buy key UK Caparo business". Liberty House Group. 28 November 2015. Retrieved 2018-05-19.
  5. ↑ "Sanjeev Gupta's Liberty House secures another UK steel plant; protecting jobs and pensions". Liberty House Group. 3 July 2017. Retrieved 2018-05-19.
  6. ↑ "More details emerge on Caparo administration". Insider Media. Retrieved 2018-05-19.
  7. ↑ V. Ward (November 8, 2015). article. published by The Daily Telegraph. Retrieved 2015-11-09.
  8. ↑ V.J. Kaushal - Corporate Takeovers in India published by Sarup & Sons, January 1995, 211 pages, ISBN 8185431582 [Retrieved 2015-11-10]
  9. ↑ A. Mitchell, M. Dadhania - AS Level Law published by Psychology Press, 2003., 344 pages, ISBN 185941785X [Retrieved 2015-11-10]
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.