Wednesday, January 28, 2015

For Want of an S a Company was Lost

Taylor & Sons, a thriving business established in 1875, was destroyed when the UK government’s registrar of companies recorded it as having gone out of business.  However, it was Taylor & Son, rather than Taylor & Sons, that had gone bust.  By the time the mistake was caught three days later, the company's reputation was ruined, and it was forced to file bankruptcy.  There was a happy ending, though.  The company's owners will recover $17.2 million from the British government.  (here)

(Scott Fruehwald)

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