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] HistoryCaparo was founded by Lord Swraj Paul in 1968.[1] 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.[2] The group was headed by Angad Paul, the son of Lord Paul, from 1996, until his death on 8 November 2015.[3] In 2006, Paul acquired the supercar manufacturer Freestream Cars Limited, later renamed Caparo Vehicle Technologies, and released the supercar Caparo T1.[4][5] 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.[6] AdministrationSixteen companies within the group were put into administration in October 2015, leaving three to continue trading as normal.[7][8] One month later, following Angad Pauls death, Sanjeev Gupta, head of Liberty House Group, announced that his family had bought a part of the business from the administrators.[9] 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.[10] Numerous other deals by the administrators saw many companies within the group sold, with consequent savings in jobs.[11] See alsoReferences
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