 | |
| Company type | Public company |
|---|---|
| Industry | Machine tools |
| Founded | 1888 |
| Defunct | 1983 |
| Fate | Acquired |
| Successor | TI Group |
| Headquarters | Coventry, UK |
| Key people | Alfred Herbert (Chairman) |
Alfred Herbert Ltd was one of the world's largest machine tool manufacturing businesses. It was at one time the largest British machine tool builder.
History
The business was founded in 1888 when Alfred Herbert and William Hubbard purchased for £2,375 a small engineering business in Coventry. Herbert & Hubbard initially made boilers and steam engines. The firm, in Roderick Floud's paraphrasing of Herbert, "came into machine tool production by accident when Alfred Herbert secured the agency for a French patent of great value in the manufacture of tubes for the fast expanding cycle trade in Coventry. On the basis of his profits from this patent the company began to make machine tools for the cycle trade."
In 1894 Hubbard was bought out and the business continued as Alfred Herbert Ltd focusing on machine tools. The number of employees rose from 180 in 1897 to 1,400 by 1908.
Regarding the differences (real or supposed) between American and British practice in the latter half of the 19th century, Floud said that Herbert was "the firm often held up as an example of the use of American techniques" but that even Herbert "rejected the idea that the firm should specialize in a few types of machinery" . He quoted Herbert as saying that "the cycle business, which was our principal customer, required in those days a variety of machines, and not many of them of one kind."
The firm was known for technical excellence and competed well against other brands, especially in turret lathes. The foreign-sales efforts of the Herbert firm are touched on in Floud's discussion of machine tool exports.
In 1899 a foundry was built at Edgwick where most of the Company's operations were subsequently based. During the first half of the twentieth century it became one of the largest machine tool manufacturers in the world.
By the 1930s Alfred Herbert Limited was making profits around £600,000 (2011: £29,820,000) . The company was listed on the London Stock Exchange in March 1944 and the following year described its business as "Machine Tool Makers, Importers and Factors, and Mechanical Engineers etc". The main works covered 22 acres in Coventry and the company had operations in Argentina, France, India, Australia and "in normal times", Italy. It acquired Sigma Instruments in 1948.
In 1975, following sustained losses, the company asked the National Enterprise Board to invest £25 million in the business to provide for modernisation and to reduce borrowings. The Company was then renamed Herbert Ltd. In the late 1970s there was an escalation of machine tool imports into the United Kingdom that left the Company behind.
The business was acquired by Tooling Investments in 1980 but then went into receivership in 1982. The assets were bought by Tube Investments later that year, but the business closed in 1983.
See also
References
- ^ Floud 2006, p. 43.
- ^ Alfred Herbert at Oxford Dictionary of National Biography
- ^ "No. 26115". The London Gazette. 16 December 1890. p. 7074.
- Floud 2006, pp. 43, 210.
- DR. A. SHADWELL, Special Articles. Selected British Industries, The Times, 4 March 1908
- ^ Floud 2006, p. 56.
- Floud 2006, p. 34.
- Floud 2006, p. 74, citing Carden 1909–1910, p. 225.
- Floud 2006, pp. 87–89.
- Lloyd-Jones & Lewis 2006, p. 4.
- Display Advertising: Alfred Herbert Limited The Times, 30 October 1945
- ^ Lloyd-Jones & Lewis 2006, p. 316.
- ^ Lloyd-Jones & Lewis 2006, p. 317.
- Paragraph 879, House of Commons Debates Hansard, 25 July 1983.
Bibliography
- Carden, G.L. (1909–1910), The machine-tool trade in , Washington, DC, USA: United States Bureau of Manufactures, Special Agents Reports. Cited in Floud 2006 .
{{citation}}: CS1 maint: postscript (link) - Floud, Roderick C. (2006) , The British Machine Tool Industry, 1850–1914, Cambridge, England: Cambridge University Press, doi:10.1017/CBO9780511561122, ISBN 978-0-521-02555-3, LCCN 2006275684.
- Lloyd-Jones, Roger; Lewis, Myrddin John (2006), Alfred Herbert and the British Machine Tool Industry, 1887–1983, Ashgate, ISBN 978-0-7546-0523-2.
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