From the administrators' statement

PLC is the ultimate parent company of the Group and was incorporated on 9 June 1998.

PLC's key assets are investments in subsidiary undertakings, cash at bank and inter-company receivables. PLC is the employer of the head office staff.

TDL was involved in the design and development of fulltoroidal traction drive transmission systems and engineering services. TDL owns various technology patents and had entered into licencing arrangements

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Torotrak PLC (03580465)

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