Caparo plc is a British company involved mainly in the
steel
Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high Young's modulus, elastic modulus, Yield (engineering), yield strength, Fracture, fracture strength a ...
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
Sanjeev Gupta 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, its major subsid ...
, 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
A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a "Defined benefit pension pla ...
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 his death on 8 November 2015.
According to a text published 1995, the Caparo group specialized in take-overs. At the time of publishing, the company had
fixed assets
Fixed assets (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. They are contrasted with current assets, such as cash, bank acc ...
and investments (having been quoted), of £26 million.
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
Negligence ( Lat. ''negligentia'') is a failure to exercise appropriate care expected to be exercised in similar circumstances.
Within the scope of tort law, negligence pertains to harm caused by the violation of a duty of care through a neg ...
.
[A. Mitchell, M. Dadhania ]
AS Level Law
published by Psychology Press
Taylor & Francis Group is an international company originating in the United Kingdom that publishes books and academic journals. Its parts include Taylor & Francis, CRC Press, Routledge, F1000 Research and Dovepress. It is a division of ...
, 2003., 344 pages, etrieved 2015-11-10/ref>
References
{{Authority control
Manufacturing companies established in 1968
Steel companies based in London
1968 establishments in England