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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. Current affairs Caparo was founded by Lord Swraj Paul, in 1968. Sixteen companies within the group were put into administration in October 2015, leaving three to continue trading as normal. One month later, Sanjeev Gupta, head of Liberty House Group, announced that his family had bought a part of the business from the administrators. 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. Numerous other deals by the administrators saw many companies within the group sold, with consequent savings in jobs. History The group was headed by Angad Paul, the son of Lord Paul, from 1996, until ...
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Swraj Paul, Baron Paul
Swraj Paul, Baron Paul, (born 18 February 1931) is an Indian-born British business magnate and philanthropist. In 1996 he was appointed a life peer by Conservative Prime Minister John Major, and sits in the House of Lords as a crossbencher with the title Baron Paul, of Marylebone, in the City of Westminster. In December 2008 he was appointed deputy speaker of the Lords; in October 2009 he was appointed to the Privy Council. Early life and education According to his official biography, Swraj Paul was born in Jullundur, Punjab Province in 1931, in what was then British India. His father Payare Lal ran a small foundry, making steel buckets and farming equipment. His mother's name was Mongwati. The site of his childhood home is now Apeejay School. Swraj Paul completed his high school education at Labbu Ram Doaba School. Paul was educated at Forman Christian College in Lahore, and Doaba College in Jalandhar. He went to the United States to study mechanical engineering, obt ...
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Angad Paul
Angad Paul (6 June 1970 – 8 November 2015) was a British businessman and film producer. Background and education Paul was born on 6 June 1970, the youngest son of the billionaire entrepreneur and politician Swraj Paul, Baron Paul. He attended Harrow School and received a degree in economics from the Massachusetts Institute of Technology. Career He was CEO of Caparo Industries, having taken over from his father in 1996. He also produced films, including ''Lock, Stock and Two Smoking Barrels'', '' Snatch'', and '' The Tournament''. Personal life In March 2005, Paul was married to media lawyer Michelle Bonn in a ceremony held at Lancaster House. They had two children. Death Paul died on 8 November 2015 after falling from his penthouse home, an eight-storey building in Portland Place, central London. The police stated that there were no suspicious circumstances. Nearly three years after Paul's death, the Angad Arts Hotel, named after him, opened in St. Louis St. ...
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Sanjeev Gupta
Sanjeev Gupta (born September 1971) is an Indian-born British businessman, and the founder of Liberty House Group. He is the CEO and chairman of GFG Alliance, an international conglomerate that operates primarily in the steel and mining industries. Following the collapse of Greensill Capital in 2021, Sanjeev Gupta has been under scrutiny for his ties to the failed company, which involved opaque financing and sales invoices that Greensill's administrator has been unable to verify. Early life Gupta was born in Ludhiana, Punjab, India, the third of four children of Parduman K Gupta who founded the SIMEC Group. Both his father and grandfather were industrialists and businessmen. At age 13 he was enrolled at St Edmund's School, Canterbury, UK as a boarder. After completing his A-levels he spent his gap year selling bicycles in Turkey for his father before enrolling to study Economics at Trinity College, Cambridge. It is there that in February 1992 he founded the Liberty House ...
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Negligence
Negligence (Lat. ''negligentia'') is a failure to exercise appropriate and/or ethical ruled care expected to be exercised amongst specified circumstances. The area of tort law known as ''negligence'' involves harm caused by failing to act as a form of ''carelessness'' possibly with extenuating circumstances. The core concept of negligence is that people should exercise reasonable care in their actions, by taking account of the potential harm that they might foreseeably cause to other people or property. Someone who suffers loss caused by another's negligence may be able to sue for damages to compensate for their harm. Such loss may include physical injury, harm to property, psychiatric illness, or economic loss. The law on negligence may be assessed in general terms according to a five-part model which includes the assessment of duty, breach, actual cause, proximate cause, and damages. Elements of negligence claims Some things must be established by anyone who wants to sue in ...
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Gaydon
Gaydon is a civil parish and village in Warwickshire, England, situated between Leamington Spa and Banbury. In the 2001 census, the parish had a population of 376, increasing to 446 at the 2011 Census. The village is at the junction of the B4100 (former A41) and B4451 roads, a mile from Junction 12 of the M40 motorway, and is two miles north-east of Kineton. Gaydon village Gaydon is crossed by only two roads of any importance — the Kineton to Southam road, which runs in a north-easterly direction, and the Warwick and Banbury road which crosses it at right angles. Gaydon has one pub called the Malt Shovel. The Gaydon Inn, which is no longer a pub is due to be redeveloped for housing, stands close to the point of intersection of the two roads. The village centre is situated along a short loop south of the junction. The Gaydon Inn was famous in the 18th century for its association with violent highwaymen. The Malt Shovel pub, together with the adjacent community shop, is ...
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Steel
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant typically need an additional 11% chromium. Because of its high tensile strength and low cost, steel is used in buildings, infrastructure, tools, ships, trains, cars, machines, electrical appliances, weapons, and rockets. Iron is the base metal of steel. Depending on the temperature, it can take two crystalline forms (allotropic forms): body-centred cubic and face-centred cubic. The interaction of the allotropes of iron with the alloying elements, primarily carbon, gives steel and cast iron their range of unique properties. In pure iron, the crystal structure has relatively little resistance to the iron atoms slipping past one another, and so pure iron is quite ductile, or soft and easily formed. In steel, small amounts of ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited, Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, th ...
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Liberty House Group
Liberty Steel Group Holdings UK Ltd (LHG), which is also referred to as Liberty House or Liberty House UK, is a British industrial and metals company founded in the United Kingdom in 1992 by industrialist Sanjeev Gupta. It is headquartered in London, England, and has offices in Dubai, Singapore and Hong Kong. The holding company of Liberty Steel, Liberty House Group PTE Ltd is based in Singapore. The company focuses on ferrous and non-ferrous metal trading, metals recycling, steel and aluminium production, and engineering products and services. Gupta controls it through his vehicle GFG Alliance. History LHG was founded by Sanjeev Gupta in 1992. LHG, together with the SIMEC Group, part of the GFG Alliance, purchased the Lochaber aluminium smelter plant as well as the Laggan Dam from Rio Tinto in November 2016. In February 2017, LHG agreed to purchase the specialty steel division of Tata Steel Europe for £100 million. The purchase included the division's facilities in Roth ...
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Pension Scheme
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments. A pension may be a "defined benefit plan", where a fixed sum is paid regularly to a person, or a "defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms "retirement plan" and "superannuation" tend to refer to a pension granted upon retirement of the individual. Retirement plans may be set up by employers, insurance companies, the government, or other institutions such as employer associations or trade unions. Called ''retirement plans' ...
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Fixed Assets
A fixed asset, also known as long-lived assets or property, plant and equipment (PP&E), is a term used in accounting for assets and property that may not easily be converted into cash. Fixed assets are different from current assets, such as cash or bank accounts, because the latter are liquid assets. In most cases, only tangible assets are referred to as fixed. While IAS 16 (International Accounting Standard) does not define the term "Fixed Asset", it is often colloquially considered a synonym for property, plant and equipment. According to IAS 16.6, property, plant and equipment are tangible items that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes and (b) are expected to be used during more than one period." Fixed assets are one of two types: * "Freehold Assets" – assets which are purchased with legal right of ownership and used, and * "Leasehold Assets" – assets used by owner without le ...
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Psychology Press
Taylor & Francis Group is an international company originating in England that publishes books and academic journals. Its parts include Taylor & Francis, Routledge, F1000 Research or Dovepress. It is a division of Informa plc, a United Kingdom–based publisher and conference company. Overview The company was founded in 1852 when William Francis joined Richard Taylor in his publishing business. Taylor had founded his company in 1798. Their subjects covered agriculture, chemistry, education, engineering, geography, law, mathematics, medicine, and social sciences. Francis's son, Richard Taunton Francis (1883–1930), was sole partner in the firm from 1917 to 1930. In 1965, Taylor & Francis launched Wykeham Publications and began book publishing. T&F acquired Hemisphere Publishing in 1988, and the company was renamed Taylor & Francis Group to reflect the growing number of imprints. Taylor & Francis left the printing business in 1990, to concentrate on publishing. In 1998 ...
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