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Receivers in at Silver Cross

12 April 2012

PRAM maker Silver Cross called in receivers after uncovering 'financial irregularities' and a £3m shortfall at a Manchester sister company, Design Company Holdings. Stock appeared 'overstated by £3m', said receiver Angus Martin, of Deloitte & Touche. Silver Cross, with 200 staff, may be broken up if buyers can be found.

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