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A Company Destroyed By An “S”

There exist companies all over the world that have been operating for over one hundred years, and even though they have longevity, it is still possible for such companies to shut down for a variety of reasons, including stupid ones. Taylor & Sons Ltd was an engineering company in the United Kingdom that had operated for 124 years until it financially collapsed in 2009 because a government employee unnecessarily pressed S on their keyboard. In the U.K. companies must register with a government agency known as Companies House which keeps records of corporate information like financial statements. In 2009, the agency declared that Taylor & Sons Ltd had closed, even though it was still very much open for business, but the agency’s declaration still caused orders and contracts to be cancelled, and also caused suppliers to stop offering the company credit. As it turns out, a different company known as Taylor & Son was supposed to be declared closed, but someone inside Companies House accidentally added an S to the end of the name. This resulted in Taylor & Sons Ltd, a company that in 2009 was valued at over 11 million dollars, to permanently shut down.

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A Few Simple Mistakes That Led To Loss Of Millions Of Dollars
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