Brayhead
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
Sources of Information
- ↑ The Times, Jun 22, 1960
- ↑ The Times, Jun 22, 1960
- ↑ The Times, Jun 20, 1960
- ↑ The Times, Nov 22, 1963
- ↑ The Times, Aug 19, 1964
- ↑ The Times, Dec 01, 1964
- ↑ The Times, Jan 06, 1965
- ↑ The Times, Feb 25, 1965
- ↑ The Times, Sep 29, 1965
- ↑ The Times, Apr 24, 1968
- ↑ The Times, May 13, 1968
- ↑ The Times, Feb 28, 1969
- ↑ The Times, May 05, 1969
- ↑ The Times, Mar 21, 1972
- ↑ The Times , Feb 01, 1973
- ↑ The Times, Feb 07, 1973
- ↑ The Times, Feb 19, 1976