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 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 L ...

, 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 (, 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 ...

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 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 ...

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 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 ...

.A. Mitchell, M. Dadhania
AS Level Law
published by

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 Ki ...

, 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