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 !!.
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 !!.