Clydesdale Group plc
In January 1994, the electrical retailing group, Clydesdale Group plc, appointed receivers to oversee the dissolution of the company. The case study charts the history of Clydesdale through a drastic rationalization in the 1980’s and the subsequent dash for growth. The banks, which financed the expansion (at the start of the recession), finally refused additional cash as Clydesdale’s trading figures worsened, and called in the receivers. The banks did then recover their loans, but trade creditors were left with only 20p to 30p in the pound. This case study asks the question as to whether creditors should have foreseen the collapse, given, in particular, the publicly available Financial Statements (summaries in the exhibits).
January 1994
Cranfield University
Wharley End Beds MK43 0JR, UK
Tel +44 (0)1234 750903
Email [email protected]
Harvard Business School Publishing
60 Harvard Way, Boston MA 02163, USA
Tel (800) 545-7685 Tel (617)-783-7600
Fax (617) 783-7666
Email [email protected]
NUCB Business School
1-3-1 Nishiki Naka
Nagoya Aichi, Japan 460-0003
Tel +81 52 20 38 111
Email [email protected]
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Case reference: IMD-7-2639 ©2025
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