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]
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Current affairs edit
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 edit
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 edit
- ^ a b Caparo plc. website. published by Caparo plc. Retrieved 9 November 2015.
- ^ S. Farrell and D. Hellier - article published by the Guardian 19 October 2015. Retrieved 2015-11-09
- ^ "Caparo Industries plc and its subsidiaries – collectively the "Caparo Industries group" or "CIP"- in administration". PwC. 19 October 2015. Retrieved 19 May 2018.
- ^ "Gupta family interests buy key UK Caparo business". Liberty House Group. 28 November 2015. Archived from the original on 19 May 2018. Retrieved 19 May 2018.
- ^ "Sanjeev Gupta's Liberty House secures another UK steel plant; protecting jobs and pensions". Liberty House Group. 3 July 2017. Retrieved 19 May 2018.
- ^ "More details emerge on Caparo administration". Insider Media. Retrieved 19 May 2018.
- ^ V. Ward (8 November 2015). article. published by The Daily Telegraph. Retrieved 9 November 2015.
- ^ V.J. Kaushal - Corporate Takeovers in India published by Sarup & Sons, January 1995, 211 pages, ISBN 8185431582 [Retrieved 2015-11-10]
- ^ A. Mitchell, M. Dadhania - AS Level Law published by Psychology Press, 2003., 344 pages, ISBN 185941785X [Retrieved 2015-11-10]