Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
One of the most famous names in British engineering history, Birmingham Small Arms Company, is struggling for survival after administrators were called in at subsidiaries of BSA Holdings. On 17 October 2005, Ernst & Young was appointed administrators at BSA Advanced Sintering, a manufacturing operation that employs 150 people in Ipswich. The move follows the appointment of administrators at BSA Metal Powders, BSA Precision Castings and the property company that owns the site occupied by the castings business and the headquarters of the BSA holding company. Altogether the companies in administration employ 270.
Birmingham Small Arms was set up by 14 master gunsmiths to supply arms to British troops fighting in the Crimea. It moved into making motorcycles and then into cars with the purchase of Daimler of Coventry in 1910.
Eurofound (2005), BSA Holdings, Closure in United Kingdom, factsheet number 62411, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62411.