Grace's Guide

British Industrial History

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Prospect Industries

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of Hull, specialist piping design and fabrication company, especially to the power generation industry

1989 Acquired 4 of the engineering subsidiaries of Tace; floated on Stock Market[1]; these were Thomas Evans and H. A. Birch, Campden Instruments and Airmatic Engineering[2][3]

3 of the engineering subsidiaries

1990 Described as "Midlands engineer"[4]. Acquired Ipswich Electronics[5]

1991 Aimed to acquire Dunn International, supplier of specialist engineering services to the power generating industry[6]

1992 Within the group was Dunn Engineering of Burton on Trent and its various subsidiaries[7]

1992 Acquired Davenport Holdings, builder of water cooling towers[8]

1992 Sold the Components Engineering division to Squirrel Horn

1993 The business was concentrated on services to power generation industry, which made for a very seasonal income[9]

1994 Acquired Aiton and Co[10]

1996 Losses had been reduced[11]

1997 Discussion with Shaw Group of USA about sale of principal subsidiaries[12]. Appointment of receivers[13]

See Also

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Sources of Information

  1. The Times July 28, 1990
  2. The Times Nov. 15, 1989
  3. The Times July 28, 1990
  4. The Times Jan. 6, 1990
  5. The Times Aug. 3, 1990
  6. The Times May 4, 1991
  7. 1992 Dunn Annual report
  8. The Times June 26, 1992
  9. The Times July 21, 1993
  10. 1994 Aiton Annual report
  11. The Times July 6, 1996
  12. The Times Nov. 8, 1997
  13. London Gazette 25 November 1997