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Drapery Trust

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 1931

    Lloyds Bank recovery proceedings

    Lloyds Bank initiated proceedings concerning recovery of £493,100 secured against property mortgages amid concerns about fraudulent behavior linked to the trust's financing environment.

  2. 1929

    Hatry's forged Drapery Trust shares

    Clarence Hatry forged £478,100 of Drapery Trust shares while trying to raise funds for a transaction involving United Steel. He confessed to the wider fraud in September 1929, severely damaging the trust's reputation and complicating its relationship with Debenhams and creditors.