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One Typo Brought Down A 124-Year-Old Company

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It took a century to build and a moment to destroy. Wikimedia Commons

A family business that had been around for more than a century was run out of business after a UK government register made a typo in 2009 that listed the company as having gone bust.

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The former co-owner of the company sued the government and recently won, The Telegraph reports. It took four years for the case to be decided.

Engineering firm Taylor & Sons Ltd was mistakenly listed on a UK government company register as being in liquidation when it was really another company — Taylor & Son Ltd (without the second "s") — that had gone under. Once this information got out to creditors, suppliers started terminating orders, according to The Telegraph.

The mistake was caught within a few days, but by then, the damage was already done.

Managing director and co-owner Philip Davison-Sebry said he was on vacation in the Maldives when this all happened, and it was "like Armageddon" with clients calling him and asking what was going on.

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The company fell apart within two months.

The High Court in Britain ruled in Davison-Sebry's favor, and he'll likely receive millions. The final payout has yet to be determined.

 

NOW WATCH: Why Law School Is A Waste Of Money Unless You Get Into A Top School

 

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