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1959 English Electric
Company Ltd |
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Stock Code EEC01 |
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Certificate dated 30th June 1959, for 256 shares of £1 each in this
electrical engineering company.
Issued to Henry Rundle Pulman of
Horsepools, France Lynch, Stroud, Gloucestershire, with the printed signature of
Lord Caldecote, company director.
Blue and white certificate together with the seal of the company.
Certificate size is
25 cm high x 27 cm wide (10.5" x 11.5"). It will be mounted in a mahogany frame, with
gold inlay, size 31 cm high x 39 cm wide.
The certificate is shown unframed as all items
are mounted to order.
About This Company |
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Note
that although this item has now been sold, we may be able to
acquire another one for you. Email us
if you are interested in this stock |
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UNFRAMED :
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relevant button below to include shipping to your country. Only one
shipping charge is required for unframed certificates,
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About This Company
The English Electric Co. was formed in 1918 from the
merger of a number of companies, in the heavy electrical industry: Dick Kerr
and Company (engineering),
Willans & Robinson (diesel engines), the Phoenix Dynamo Manufacturing
Company (small motors, alternators and generators) and the Stafford works of
Siemens Bros.
English Electric was formed from these companies with
capital of £5 million, more than any other British electrical company at the
time.
Although English Electric made a modest profit in its
early years, by the mid-1920s it was in decline.
1930 Boosting Profits
In 1930 George Horatio Nelson (later Lord Nelson), the
forty-three year old general manager of the Sheffield works of Metrovick,
was offered the job of Managing Director. At the time it looked almost
certain that the company would go into liquidation, as many of the works
were old and the machinery out of date.
Throughout the 1930s, English Electric was almost entirely
dependent on the manufacture of heavy electrical equipment. The main
products were water and steam turbines, generating sets, switchgear,
transformers, and electrical equipment for electric and diesel-electric
locomotives, ships, trams and trolley buses, industrial diesel engines and
rolling mills.
In 1936 it began supplying trains and in 1938, as the
country prepared for war, it moved into aircraft manufacture at the
Government's request. This helped English Electric achieve record profits
and was part of the company's contribution to the war effort. At the
beginning of WWII English Electric had total assets of around £7 million
rising to £16.5 million by 1945. English Electric had become one of the
largest engineering companies in the country.
1948 First British Jet-Propelled
Bomber
Although the end of the war meant the cancellation of
aircraft orders, George Nelson, Managing Director of English Electric,
decided to stay in the business and build up the design and development
team. This long and expensive process paid off when on May 13, 1948 the
first jet-propelled bomber ever produced in Britain flew for the first time.
The 'Canberra' was the most advanced aircraft in the world
and the most successful British aircraft ever designed in peacetime.
1946 Bought Marconi
To reduce dependence on aircraft orders Nelson bought the
Marconi Company in 1946. But despite being the best run of the three UK
electricals, by the end of the 1950s English Electric had the most severe
long-term problems.
The cut-backs in Government defense spending meant that
English Electric's diversification into military aircraft was under pressure
and the major proportion of its resources was still committed to heavy
electrical products.
Nelson attempted to move the company into lighter
electrical engineering in 1960 by trying to merge with GEC but GEC's
management resisted and the merger fell through.
In 1968 this merger did take place, this time at GEC
Managing Director Arnold Weinstock's instigation.
source: www.marconi.com |
