Grace's Guide

British Industrial History

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Brayhead

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Holding company for a group that manufactures electronic components, springs and pressings (1960)

1924 Incorporated as a public company[1]

1949 The company made a small profit[2]

1960 Public company, Brayhead Ltd, floated its shares on the London market; Brayhead consisted of a group of companies at Ascot and Dronfield making electronic components, springs, pressings for a number of industries[3] - see Brayhead Springs, Brayhead (Ascot), Brayhead Products, Brayhead Electronic Components; also Brayhead Industries Ltd, Brayhead Supplies Ltd and Brayhead Properties Ltd

1963 In a complex series of deals associated with a take-over offer, Brayhead acquired Swan Self-Drive, and Recording Devices and Electronic Classrooms[4]

1964 Acquired Tape Recorders (Electronics)[5], British Tools and Pressings, and Bennett Power Products[6]

1965 Acquired an interest in Perdio Electronics[7]. Acquired various motor-related companies; would transfer to a subsidiary holding company Boon and Porter (Holdings) which would be floated at a later date[8]. Perdio went into liquidation; its Sunderland factory seemed to be a white elephant[9]

1968 The Mastertape (Magnetic) subsidiary was to manufacture random access storage discs and other computer peripherals; acquired 3 engineering subsidiaries Kenure, Holt, French and Collett, and Radio Electronic Engineering (Wembley)[10]. Acquired some of the subsidiaries of Remfield Trust[11]

1969 The future of the company was highly dependent on the success of Mastertape (Magnetic), 49 percent of which was being swapped for an interest in an American competitor[12]. A minority of British Tools and Pressings was to be floated to provide funds for its expansion[13]

1972 The company was in financial difficulty and sold some subsidiaries; the Mastertape (Magnetic) products were taking much longer than expected to reach market [14]

1973 Mastertape was put into a joint venture with a German computer company[15]. The company's shares were then suspended pending sale of Mastertape and British Tools and Pressings[16]

1975 Mastertape was wound up; the Brayhead company was wound up at the end of the year[17]

See Also

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Sources of Information

  1. The Times, Jun 22, 1960
  2. The Times, Jun 22, 1960
  3. The Times, Jun 20, 1960
  4. The Times, Nov 22, 1963
  5. The Times, Aug 19, 1964
  6. The Times, Dec 01, 1964
  7. The Times, Jan 06, 1965
  8. The Times, Feb 25, 1965
  9. The Times, Sep 29, 1965
  10. The Times, Apr 24, 1968
  11. The Times, May 13, 1968
  12. The Times, Feb 28, 1969
  13. The Times, May 05, 1969
  14. The Times, Mar 21, 1972
  15. The Times , Feb 01, 1973
  16. The Times, Feb 07, 1973
  17. The Times, Feb 19, 1976