- Cork Gully
-
Cork Gully is a British insolvency practice.
W. H. Cork and Harry Gully established the firm in London as WH Cork Gully in 1935. After W. H. Cork's death and a period of wartime service, his son Kenneth Cork succeeded him as senior partner. He went on to expand the firm as a specialist insolvency practice, gaining pre-eminence in its field by the 1970s.
Sir Kenneth Cork (as he later became known) chaired the Cork Committee, whose report issued in 1982 is widely referred to as the Cork Report which led to the passing of the Insolvency Act 1986. He also served as Lord Mayor of London in 1978–79. Sir Kenneth's son Sir Roger Cork followed in his footsteps, both as a partner in Cork Gully and as Lord Mayor of London (1996–97).[1]
In 1980 the business became part of Coopers & Lybrand and eventually lost its separate identity when Coopers and Lybrand itself merged with Price Waterhouse.[2][3]
The firm's notable assignments included liquidations of Barlow Clowes and car maker De Lorean.[4]
In 2010, Stephen Cork re-established the brand as a new insolvency and restructuring firm in Mayfair. He represents the fourth generation of his family in the field, having headed a restructuring team at Smith and Williamson.[5]
References
- ^ Sir Roger Cork, The Worshipful Company of Bowyers
- ^ Profile - Michael Jordan of Cork Gully, Management Today, 1 Jan 1993
- ^ Coopers & Lybrand Family Tree, ICAEW
- ^ Cork Gully re-established by great grandson, Accountancy Age, 11 November 2010
- ^ Cork Gully returns today: Cork continues family heritage, Insolvency News, 22 November 2010
External links
- corkgully.com, official website
This accountancy-related article is a stub. You can help Wikipedia by expanding it.
