UCS is forced to enter liquidation
On the evening of Friday June 11 the axe falls on Clydeside. The board of UCS told the government that the firm was technically insolvent. Without an extra £6m the company will fold.
Heath’s government and the Industry Department was unresponsive causing a crisis among an estimated 2000 creditors.
UCS is forced to enter liquidation despite order books worth nearly £90 million.
Read the full blog: The Beatle, The Bankie & The Bouquet .
The full story behind John Lennon and Yoko Ono’s donation to Clyde shipbuilders of the UCS in 1971 as he went from Beatle to political and peace activist.
This blog is strictly non-commercial. All material is the property of the photographer/artist/copyright holder concerned. Any copyright owner who wishes an image, video or broadcast to be removed should contact me (blog@globetrotsky.com) and I will do so. Alternatively, if someone is happy to see their material used on here but would like a credit/link then please let me know and I’ll be happy to provide one.
0 Comments