Back Online. . . .
Thanks to previous contacts:- L. F. Turner / Barbara Weightman / Mark Cooper / Amy Smith
Back Online. . . . Thanks to previous contacts:- L. F. Turner / Barbara Weightman / Mark Cooper / Amy Smith
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Circa 1960 - J. & J. Cash Ltd., Share Acquisitions. Narrow fabric weaving companies in Coventry.
I new them as Park Street and Carlton Road. some equipment moved to Cash's Lane (Kingfield Road Works). W H Grant & Co Ltd. Registered office, Livingstone Mill, Lockhurst Lane. Share transfer:- 13th March 1961. . . In to liquidation:- 29th Oct 1963. Laird B & Co Ltd, St Lawrence's Works, Carlton Road. Share transfer:- 1st March 1959. . . In to liquidation:- 29th Oct 1963. The company was sold to the Jones Stroud Group in 1976.
Ending the involvement of the Cash family. In 1984, the Kingfield site was vacated, and the company move to more modern premises on Torrington Avenue, As I remember It..... The story was as follows. Company Director Anne Sargent had a dispute with fellow director Mr Graham who sold his shares in the company, without offering them to the Board. Last record found:- Directors' reports on overseas visits:- PA 738/4/25 J L M Graham to the Caribbean, Oct-Nov 1969 (Bahamas, Jamaica, Venezuela, Trinidad, Guyana, Grenada, Barbados). nice one. Over the next few years Mrs Sargent asked and got support from the small share holders not to sell. many were people who worked for Cash's and were still living in the Cash's houses under the Topshops. Managing Director Bill Everrard called all reps to the board room + others, ( Anne Sargent was present but did not speak ), he thanked all those small share holders for supporting Anne Sargent over the last few years, but they where now advised to take the offer on the table. Prior to this I'd checked on how takeovers had to progress in Law. Jones Stroud Group had acquired a substantial percent of Cash's shares now, which meant they had to make an offer for the rest of the shares, we only had one large share holder that could have put them in that position. Yes - I did point that out at the meeting. I think I p*** her off !!. [02 OCT 99] J & J CASH NEWS
J & J Cash Heading For Management Buyout Coventry name-tag maker J & J Cash looks set to be part of a management buyout. The Torrington Avenue-based company, who manufacture badges for many of the Premiership football shirts including Coventry City, is part of the Jones Stroud group. The group also owns JSI/Marflex, which make electrical and thermal insulation materials, Anglo American Vulcanised Fibre, Beam Tubes and textile company Wykes. The group is currently controlled by David and Philip Jones who founded the company and own over 60% of the shares, but the pair are both now at retirement age and looking to sell their stake. Jones Stroud has now agreed to sell the group to management in a deal that is believed to be worth around £30 million and covers all five of the companies under its umbrella. The management buyout is led by Dr Andrew Ives, the group's Coventry-based chief executive who believes the company has a great future. He said: "In taking the group into private ownership, we believe that the offer provides the best route forward for all parties with an economic interest in Jones Stroud." The management buyout team has set up a new company Composite Materials Technology plc (CMT), and if the offer is approved Dr Andrew Ives will own approximately 40% of the new company. Jones Stroud chairman Philip Jones admitted that the deal was now progressing. He said: "We recommend the offer to shareholders as the most appropriate way to maximise the value of their shares in view of the alternatives available to the company." Coventry-based J & J Cash has been making high quality woven clothing labels and badges for school blazers since 1852 and was famously called upon to provide name tags for Prince Charles’ school uniform. The company also has long standing deals with some of the leading design houses in the world, and last year made sales of £77 million.
January 29th. 2014 One of Coventry's oldest firms slips into administration. . Before the announcement, Cash’s and its parent company Composite Materials Technology Ltd, employed a total of 58 people in Coventry. The administrators KPMG made 47 of the 58 people employed by the Torrington Avenue firm and its parent company CMT Limited redundant. Thursday 13 February 2014 A DEAL has been struck to save Cash's - one of the city's oldest firms - from going out of business after 168 years. The former management team has brought the woven labels and accessories manufacturer out of administration with the financial backing of one of its key suppliers, the Hong Kong-based The Jointak Group. As part of the sale to newly established Cash’s Apparel Solutions (UK) Limited all remaining 11 employees will be kept on. Gary Powles, managing director of Cash’s Apparel Solutions (UK) Ltd, said: “We are absolutely delighted to have been able to secure this deal, which will see the famous Cash’s name continue to trade from its home in Coventry.
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PJC
Worked at Cash's from 1963 at the age of 15 till I was 59. ArchivesCategoriesI Loved Mad Meg....
Cash's Torrington Ave,. She complemented me once, How do you know so much ? pity it was just before she left. (She believed if you were over 40 you couldn't change). Sales Manager. |