Abstract
Waterford Wedgwood plc is a case study of a large public company that was subject to a formal insolvency regime. The company was a parent company with UK and non-UK subsidiaries. All of its non-UK subsidiaries entered receivership but its only UK main subsidiary, Waterford Wedgwood UK plc, entered administration. This case study relates to attempts at informal rescue of the parent company and the three-year rescue process attempt at its UK main subsidiary between January 2008 and April 2011, at which point the UK subsidiary entered creditors’ voluntary liquidation. This case study covers a one-year informal rescue process starting on January 5, 2008, and a two-year formal rescue process between January 5, 2009, and April 26, 2011, during which the company was subject to administration.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Byrne, John A. 1997. “The CEO and the Board.” Business Week, September 15. 106-116.
Deutsch, Claudia H. 1988. “Tony O’Reilly Astride Two Worlds; At Heinz, a Bottom-Line Leader.” New York Times. May 8.
Heinz, H. J. 2000. Company Annual Report 2000.
Taylor, James. “Crystal Clear.” Private Equity International. March 2012.
Waterford Wedgwood, plc. 2008. Annual Report and Accounts.
Waterford Wedgwood U.K., plc. Form 2.34B. Registered May 10, 2011. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=1
Waterford Wedgwood U.K., plc. Form 2.24B. Registered August 5, 2010. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=1
Waterford Wedgwood U.K., plc. Form 2.24B. Registered August 6, 2009. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=1
Waterford Wedgwood U.K., plc. Form 2.24B. Registered August 7, 2009. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=1
Waterford Wedgwood U.K., plc. Form 2.24B. Registered February 10, 2010. https://beta.companieshouse.gov.uk/company/02058427/filinghistory?page=1
Waterford Wedgwood U.K., plc. Form 2.24B. Registered February 2, 2011. https://beta.companieshouse.gov.uk/company/02058427/filinghistory?page=1
Waterford Wedgwood U.K., plc. Form 2.24B. Registered February 23, 2010. https://beta.companieshouse.gov.uk/company/02058427/filinghistory?page=1
Waterford Wedgwood U.K., plc. Form 2.34. Registered May 10, 2011. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=1
Waterford Wedgwood U.K., plc. Resolutions. Registered January 9, 2009. https://beta.companieshouse.gov.uk/company/02058427/filinghistory?page=2
Waterford Wedgwood U.K., plc. Resolutions. Registered June 11, 2008. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=2
Waterford Wedgwood U.K., plc. Resolutions. Registered November 5, 2008. https://beta.companieshouse.gov.uk/company/02058427/filinghistory?page=2
Waterford Wedgwood U.K., plc. Resolutions. Registered November 7, 2008. https://beta.companieshouse.gov.uk/company/02058427/filinghistory?page=2
Waterford Wedgwood U.K., plc. Form 2.16B. Registered March 9, 2009. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=2
Waterford Wedgwood U.K., plc. Form 2.17B. Registered March 12, 2009. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=2
Waterford Wedgwood U.K., plc. Form 2.23B. Registered April 1, 2009. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=2
Waterford Wedgwood, plc. Form 395. Registered December 11, 2003. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=5
Waterford Wedgwood, plc. Form 395. Registered December 17, 2003. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=5
Waterford Wedgwood, plc. Form 395. Registered December 9, 2003. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=5. Note Four Different Charges (116, 117, 118 and 119) Have Been Registered with Companies House on This Date.
Waterford Wedgwood, plc. Form 2.23B. Registered April 1, 2009. https://beta.companieshouse.gov.uk/company/02058427/filing-history?page=2
Waterford Wedgwood, plc. Results for The Year Ended 5 April 2008b. RNS No. 4741A Dated August 1, 2008.
Waterford Wedgwood. 2008 Equity Issue – Update. RNS No. 3265F Dated October 8, 2008.
Waterford Wedgwood. Appointment of Chief Executive. RNS No. 4779A Dated August 1, 2008.
Waterford Wedgwood. Directorate Change. Dated April 2, 2008. www.investegate.co.uk. Accessed May 20, 2017.
Waterford Wedgwood. EGM Statement. RNS No. 9423D Dated September 22, 2009.
Waterford Wedgwood. Further re Financing. RNS No. 0972K Dated December 12, 2008.
Waterford Wedgwood. Further re Financing. RNS No. 5724k Dated December 22, 2008.
Waterford Wedgwood. Further re Financing. RNS No. 6081J Dated December 5, 2008.
Waterford Wedgwood. Interim Management Statement. February 15, 2008. www.investegate.co.uk. Accessed May 15, 2017.
Waterford Wedgwood. Interim Management Statement. RNS No. 4753A Dated August 1, 2008.
Waterford Wedgwood. Issue of Equity. RNS No. 5885D Dated September 16, 2008.
Waterford Wedgwood. Result of Annual General Meeting. RNS No. 4884K Dated December 19, 2008.
Waterford Wedgwood. Results for the Year Ended 5 April 2008. RNS No. 4741A Dated August 1, 2008.
Waterford Wedgwood. Results of The Year. RNS No. 4741A Dated August 1, 2008.
Waterford Wedgwood. Statement Re De-listing. RNS No. 2848K Dated December 17, 2008.
Waterford Wedgwood. Statement re Manufacturing Op. RNS No. 9935F Dated October 16, 2008.
Waterford Wedgwood. Statement re Press Comment. Dated April 11, 2008. www.investegate.co.uk. Accessed May 15, 2017.
Waterford Wedgwood. Statement re Suspension. RNS No. 0663L Dated January 5, 2009.
Waterford Wedgwood. Update on Financing. RNS No. 2519J Dated December 1, 2008.
Waterford Wedgwood. Waterford Wedgwood Announcement. RNS No. 2591X Dated June 23, 2008.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2018 The Author(s)
About this chapter
Cite this chapter
Parkinson, M.M. (2018). Case Study 3: Waterford Wedgwood plc. In: Corporate Governance in Transition. Palgrave Studies in Governance, Leadership and Responsibility. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-77110-6_9
Download citation
DOI: https://doi.org/10.1007/978-3-319-77110-6_9
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-77109-0
Online ISBN: 978-3-319-77110-6
eBook Packages: Business and ManagementBusiness and Management (R0)