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Taylor & Sons Ltd. of Cardiff, Wales, had been in business for 124 years when managing director and co-owner Philip Davison-Sebry, 57, got a disturbing call. “I was on holiday in the Maldives when I got a message to urgently contact Corus, one of our major clients. They said they weren’t happy at all I was on holiday, asking how could I be on holiday at a time like this?” he said. “They said we were in liquidation and that the credit agencies had told them.” Within three weeks, all of the company’s 300 suppliers had terminated orders, and its credit was withdrawn. It turns out that Companies House, the United Kingdom’s registrar of companies, had erroneously reported Taylor & Sons Ltd. had gone bust when a different company — Taylor & Son Ltd. — had actually gone under. But as a result of the error Taylor & Sons did end up going under, and Davison-Sebry went to court, where a judge ruled that Companies House was liable for the company’s collapse. The company is claiming nearly£9 million (US$13.8 million) in damages. “Companies House has recently received the judgement in this case and is currently considering the implications at this time,” a spokesman said. (MS/London Telegraph) ...Are you sure you’re not considering the implication?
Original Publication Date: 22 February 2015
This story is in True’s book collections, in Volume 21.

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