Furness Shipbuilding Ltd
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Furness Shipbuilding Ltd
The Furness Shipbuilding Company was a shipyard, shipbuilding company in Haverton Hill, Stockton on Tees, England. It was established during the First World War and operated from 1917 until 1979. Establishment The yard was initially established as an emergency shipyard to repair ships damaged in the war. It was incorporated as a Private company in 1917 and covered an 85-acre site on the north bank of the River Tees at Haverton Hill, opposite Middlesbrough. As completed it included 50 acres reclaimed from tidal land with 2,500 feet of river frontage, with twelve building berths and a fitting-out basin measuring 1,000 feet by 250 feet. It operated as a subsidiary within the Furness Withy, Furness, Withy Shipping Company, with the first ship being laid down in March 1918, before the yard had been completed. It initially built ships for the British Government and foreign companies as well as ships for Furness, Withy & Co and its subsidiaries. During the 1920s it built Collier (ship) ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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