Friday, January 30, 2015

124 years old company ruined by typos

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Consider making a typo is not serious? Think again. cost charges a single letter typo right someone £ 9,000,000 ($ 13,600,000) and completed a family, 124 years.

What was the typo offender in question? The letter "s".

In February 2009, the engineering firm of Wales Taylor & Sons has been learned that Companies House, secretary of state companies in the UK, the company recorded as a failure. He did not, but Taylor & Son, had a very different society.

The error has been resolved after three days, but the damage to Taylor & Sons has been made. Had the wrong information to be passed customers, suppliers and lenders. The orders were canceled, contracts have been lost, and trade credit has been withdrawn. Special losses Taylor and the best sons of the customer, Tata Steel, which was worth £ 400,000 ($ 607,000) a month, and a possible contract £ 3,000,000 ($ 4,550,000) for the Royal National Lifeboat Institute.

"We lost our credibility and our suppliers we thought were in liquidation. It was like a snowball effect," the former CEO and co-owner Philip Davison Sebry told The Telegraph .

Within two months, typos, Taylor & Sons went into administration (similar to Chapter 11). Davidson Sebry sued and won. Was on Tuesday the UK High Court found for the disappearance of the business government, taxpayers with a £ 9 million ($ 13.6 million) in the right bill left in charge.

There is a lack of costly strikes. Hopefully Companies House has a lot of money to hire a good team of editors.

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