Iliff and Mounsey
1870 Part of a timber shipbuilding yard was taken over by the partnership of Iliff and Mounsey. They proceeded to construct vessels in iron.
1873 Iliff retired and the partnership became Mounsey and Foster.
Within a few years of Mounsey’s retirement in 1880, Robert Foster had formed a limited liability company, Sunderland Shipbuilding Co Ltd. This was the first such business in the area, and became known as the "Limited Yard"[1].