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Byrom, Allen, Sedgwick And Place
Byrom, Allen, Sedgwick and Place, also known as the Manchester Bank, was the first bank to be established in Manchester, England. It was founded on 2 December 1771 in Bank Street. The founders were Edward Byrom, William Allen, Roger Sedgwick, and Edward Place. Place left the bank after a few months to take up other business interests. Byrom died in 1773, and Sedgwick in 1779, leaving Allen as the sole director. One of the bank's customers was the firm of Livesey, Hargreaves and Company; Allen was related to the Livesey family by marriage, and made large loans to the company. Livesey, Hargreaves and Company were the largest calico printers in Lancashire, and was "one of the largest cotton manufacturing enterprises in the early stages of the Industrial Revolution". They ran factories Preston, Lancashire, a mill at Clitheroe, a coal mine, and premises in Manchester and London. However the firm went bankrupt in 1788, with debts totalling £1.5 million (equivalent to £ in ). ...
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Manchester
Manchester () is a city in Greater Manchester, England. It had a population of 552,000 in 2021. It is bordered by the Cheshire Plain to the south, the Pennines to the north and east, and the neighbouring city of Salford to the west. The two cities and the surrounding towns form one of the United Kingdom's most populous conurbations, the Greater Manchester Built-up Area, which has a population of 2.87 million. The history of Manchester began with the civilian settlement associated with the Roman fort ('' castra'') of ''Mamucium'' or ''Mancunium'', established in about AD 79 on a sandstone bluff near the confluence of the rivers Medlock and Irwell. Historically part of Lancashire, areas of Cheshire south of the River Mersey were incorporated into Manchester in the 20th century, including Wythenshawe in 1931. Throughout the Middle Ages Manchester remained a manorial township, but began to expand "at an astonishing rate" around the turn of the 19th century. Manchest ...
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Edward Byrom
Edward Byrom (13 June 1724 – 24 April 1773) was a prominent figure in 18th-century Manchester and served for a period as borough-reeve. The oldest surviving son of John Byrom John Byrom or John Byrom of Kersal or John Byrom of Manchester FRS (29 February 1692 – 26 September 1763) was an English poet, the inventor of a revolutionary system of shorthand and later a significant landowner. He is most remembered as t ... of the wealthy Byrom family, Edward Byrom co-founded the first bank in Manchester and ordered the construction of St John's Church in 1769. The church, demolished in 1931, was situated on Byrom Street, a street which was named after his family. He married Eleanora Halstead, who bore him four girls before her death in 1758: Ann Byrom (1751-1826), Elizabeth Byrom (1754-1754), Felicia Byrom (1755-1757) and Eleanora Byrom (1756-1838). His granddaughter was English philanthropist Eleanora Atherton. References 1724 births 1773 deaths English accountants ...
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William Allen (banker)
William Allen (1736–1792) was an English banker who was a co-founder of the first bank to be opened in Manchester and was also the father of a future bishop. Early personal life William Allen was the youngest of six sons. His mother passed away in 1742, when he was six years old, and he was raised by his father. When his father died, he was the sole surviving child and inherited his father's house and property. In 1760, he married the daughter of Tomas Clowes and, in 1765, bought Davyhulme Hall, near Urmston (now in Greater Manchester). A year later, his wife died, and in 1768, he married Ellen (Nellie) Livesey, the daughter of John Livesey, a Blackburn cotton mill owner. In 1770, their son, Joseph, the future bishop, was born. A daughter, Ellen, was born in 1774. Banking career Allen was a co-founder of the bank of Byrom, Allen, Sedgwick, and Place, also known as the Manchester Bank, the first bank to be established in the city, which opened its doors on 2 December, 17 ...
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Livesey, Hargreaves And Company
Livesey, Hargreaves and Company was an English business involved in the textile industry during the late 18th century. Business The company took a lead in the mechanisation of printing cloth using a process that had been developed by Thomas Bell. In 1783, Bell patented a method of printing on fabric from engraved cylinders, and by 1785 he was able to print in six colours by this process. Before that time the printing of fabric had been by hand, and the hand printers had been demanding higher wages. During the 1780s, the firm was the largest calico printer in Lancashire and was "one of the largest cotton manufacturing enterprises in the early stages of the Industrial Revolution". The printing process was carried out at their factories at Bannister Hall and at Mosney, both in Walton-le-Dale, near Preston, Lancashire. The firm also had a large mill at Clitheroe, a factory, warehouse and offices in Manchester, a warehouse in London, and were involved in bleaching cloth at ...
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Calico (textile)
Calico (; in British usage since 1505) is a heavy plain-woven textile made from unbleached, and often not fully processed, cotton. It may also contain unseparated husk parts. The fabric is far coarser than muslin, but less coarse and thick than canvas or denim. However, it is still very cheap owing to its unfinished and undyed appearance. The fabric was originally from the city of Calicut in southwestern India. It was made by the traditional weavers called cāliyans. The raw fabric was dyed and printed in bright hues, and calico prints became popular in Europe. History Origins Calico originated in Calicut, from which the name of the textile came, in South India, now Kerala, during the 11th century, where the cloth was known as "chaliyan". It was mentioned in Indian literature by the 12th century when the polymath and writer Hemachandra described calico fabric prints with a lotus design.''Encyclopædia Britannica'' (2008)"calico" Calico was woven using Gujarati cotton from S ...
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Preston, Lancashire
Preston () is a city on the north bank of the River Ribble in Lancashire, England. The city is the administrative centre of the county of Lancashire and the wider City of Preston local government district. Preston and its surrounding district obtained city status in 2002, becoming England's 50th city in the 50th year of Queen Elizabeth II's reign. Preston has a population of 114,300, the City of Preston district 132,000 and the Preston Built-up Area 313,322. The Preston Travel To Work Area, in 2011, had a population of 420,661, compared with 354,000 in the previous census. Preston and its surrounding area have provided evidence of ancient Roman activity, largely in the form of a Roman road that led to a camp at Walton-le-Dale. The Angles established Preston; its name is derived from the Old English meaning "priest's settlement" and in the ''Domesday Book'' is recorded as "Prestune". In the Middle Ages, Preston was a parish and township in the hundred of Amounderness an ...
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Lancashire
Lancashire ( , ; abbreviated Lancs) is the name of a historic county, ceremonial county, and non-metropolitan county in North West England. The boundaries of these three areas differ significantly. The non-metropolitan county of Lancashire was created by the Local Government Act 1972. It is administered by Lancashire County Council, based in Preston, and twelve district councils. Although Lancaster is still considered the county town, Preston is the administrative centre of the non-metropolitan county. The ceremonial county has the same boundaries except that it also includes Blackpool and Blackburn with Darwen, which are unitary authorities. The historic county of Lancashire is larger and includes the cities of Manchester and Liverpool as well as the Furness and Cartmel peninsulas, but excludes Bowland area of the West Riding of Yorkshire transferred to the non-metropolitan county in 1974 History Before the county During Roman times the area was part of the Bri ...
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Clitheroe
Clitheroe () is a town and civil parish in the Borough of Ribble Valley, Lancashire, England; it is located north-west of Manchester. It is near the Forest of Bowland and is often used as a base for tourists visiting the area. In 2018, the Clitheroe built-up area had an estimated population of 16,279. The town's most notable building is Clitheroe Castle, which is said to be one of the smallest Norman keeps in Great Britain. Several manufacturing companies have sites here, including Dugdale Nutrition, Hanson Cement, Johnson Matthey and Tarmac. History The name ''Clitheroe'' is thought to come from the Anglo-Saxon for "Rocky Hill", and was also spelled ''Clyderhow'' and ''Cletherwoode'', amongst others. The town was the administrative centre for the lands of the Honour of Clitheroe. The Battle of Clitheroe was fought in 1138 during the Anarchy. These lands were held by Roger de Poitou, who passed them to the De Lacy family, from whom they passed by marriage in 1310 or 1311 to ...
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Heywood's Bank
Heywood's Bank was a private banking firm established and run in Manchester by members of the Heywood family of Pendleton between 1788 and 1874. Family and banking history The bank was founded in Manchester by Benjamin Heywood and his two sons, Benjamin Arthur and Nathaniel Heywood with Barclay, Bevan, Tritton & Co, bankers of City of London, as London agents. They began trading in May 1788 The company was named ‘Benjamin Heywood Sons & Co’. Benjamin had been a partner in Heywood's Bank, Liverpool which he had established in 1773 with his brother Arthur. The brothers had attempted in 1784 to open a branch of their bank at Manchester but the attempt failed and it was decided that a separate firm would have to be formed. They dissolved their partnership and Benjamin moved to Manchester with his sons, taking with him over £10,000 in bills of exchange, while Arthur remained in control of the Liverpool bank renaming it 'Arthur Heywood, Sons & Co'. On Benjamin's death in 1795, t ...
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Banks Established In 1771
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Defunct Companies Based In Manchester
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Defunct Banks Of The United Kingdom
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
{{Disambiguation ...
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