Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 146,110 pages of information and 231,598 images on early companies, their products and the people who designed and built them.
1975 After many years of discussion, the Labour government established the National Enterprise Board (NEB) as its vehicle to achieve industrial re-organisation
1976 The government holding in various companies was vested in the NEB:
1977 Formed Keland Electrics from assets recovered from the liquidator; invested in R. R. Chapman (Sub Sea Surveys); aid to Francis Shaw and Co, plastics and rubber machinery maker; aid to White, Child and Beney. Formed British Tanners Products with Barrow Hepburn. Small amount of funds invested in Mollart Engineering Co and Packaging Methods. The Government instructed NEB to work with the turbine generators makers and the boiler makers to merge into 2 enterprises supplying power generation systems. Leslie Murphy, deputy chairman, took over from Lord Ryder as chairman.
1978 Sold Thwaites and Reed at a significant loss
1981 NEB sold some of its holding in Twinlock but made substantial losses on sale of Nexos office systems company and the US operations of Insac; also made substantial provision for start-up costs of the Data Recording Instrument JV; by the end of the year, had interests in 46 companies