Result list 10 April 2021

The results of our April 10 sale are now online. Unsold items can be obtained in our aftersale until May 9 (first come, first served). .

Lotnumber: 551
Debenture of £50, unissued. brown, black. #20612. Platt Brothers & Co Ltd was a British company based at Oldham, in North West England. They were textile machinery manufacturers, iron founders and colliery proprietors, and by the end of the 19th century, had become the largest textile machinery companyin the world, employing over 12,000 workers. Just before the First World War the company reached its peak, with the workforce numbering over 15,000 people, and the massive Hartford Works at Werneth covering over 85 acres (340,000 m2) of land and was the largest employer in Oldham (supporting nearly half the population of the town), and the largest maker of cotton-processing machinery in Lancashire and hence in the world. In later years its fortunes were to mirror those of the Lancashire cotton industry, and the company began a slow, steady decline. The company's home market gradually disappeared as large numbers of Lancashire cotton mills began to close, and in export markets the company faced tough competition from foreign textile machinerycompanies. The end (at least for its Oldham operations) came in 1982 when the company closed its Oldham factory. Having been taken over in the 1960s the resultant Platt Saco Lowell had grave financial problems, and was put into administration. Vignetteof the statue of John Platt, in Alexandra Park, Oldham. Printed by Waterlow & Sons.
Themes: TEXTILE
GREAT BRITAIN
WATERLOW & SONS
Date: 25 November 1898
Quality: EF
Startprice: € 200