Grace's Guide

British Industrial History

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Thomas Bond Worth and Sons

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carpet maker, of Stourport-on-Severn, Worcestershire

1955 Five companies founded Tufted Carpets Ltd[1] whose products would be sold as Kosset Carpets[2] - the companies were Carpet Manufacturing Co, John Crossley-Carpet Trade Holdings, Brintons, James Templeton, T. Bond Worth[3]

1959 Company's shares started trading on the Stock Exchange

1964 Acquired Jelleyman, a private company of Kidderminster[4] and Thomas Taylor and Brother[5] which would allow expansion in tufted carpets.

By 1965, Thomas Bond Worth had ended its association with Kosset[6]

1966 Much expanded tufted carpet plant at Wigan[7]

1968 Acquired Rivington Carpets, a maker of tufted carpets, from William Baird[8]. Took over Gainsborough Distributors, wholesale distributor of floor coverings[9]

Group name changed to Bond Worth Holdings, reflecting major expansion of the company.

1969 Acquired Prospect Manufacturing of Blackburn; acquired D. Meredew, which owned Kandya, maker of kitchen furniture[10]

1970 Substantial losses due to problems in a division, delay in new warehouse and general turn down in trading[11]

1971 Returned to profit; supplied about 20 percent of the UK floor covering market[12]

1974 Acquired Moderna (Witney) Ltd maker of blankets[13]

1976 Had developed Bondax, a new carpet making machine[14]. Disposed of Moderna with consequent charge to the balance sheet; cut back Rivington Carpets low end activities in tufted carpets[15]

1978 Injection of capital but the company went into receivership[16]

See Also

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Sources of Information

  1. The Times, May 04, 1955
  2. The Times, Apr 25, 1958
  3. The Times, Sep 21, 1955
  4. The Times, Jan 31, 1964
  5. The Times, Dec 07, 1964
  6. The Times, Aug 03, 1965
  7. The Times, Jun 28, 1966
  8. The Times, Jun 05, 1968
  9. The Times, Nov 19, 1968
  10. The Times, Aug 04, 1969
  11. The Times, Dec 18, 1970
  12. The Times, Mar 12, 1971
  13. The Times, Nov 22, 1974
  14. The Times, Feb 24, 1976
  15. The Times, Dec 23, 1976
  16. The Times, Feb 23, 1978