Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 133,786 pages of information and 211,899 images on early companies, their products and the people who designed and built them.

Coloroll

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Wallpaper manufacturer, of Nelson, Lancs

1923 Company founded by the Gatward family

1981 Supplied about 20 percent of UK wallcoverings market[1]

By 1982 the family was no longer involved in the management of the company

1982 Charterhouse Group led a consortium which acquired 90 percent of the company[2]

1984 Management buyout of 9 industrial companies, including Coloroll, from Charterhouse; the companies were put together in a new company called Paragon[3]

1985 Coloroll was floated on the Stock Exchange[4]

1985 Acquired wallpaper manufacturer Worley[5]

1986 Acquired Biltons Tableware and Staffordshire Potteries of Stoke-on-Trent. Opened a home furnishings store in Regent Street, London[6]

1987 Acquired Fogarty, a family-controlled textile company in Lincolnshire, which made duvets and bed pillows[7]; acquired Crown House, particularly for its tableware activities[8] but planned to sell George Butler and Co, makers of silverware, and the engineering division[9] which was sold to its management[10]. Sold the packaging division[11]

1988 Bid for carpeting maker John Crowther[12] which was won after a contest, making Coloroll the second largest carpet maker in the country[13]. Subsequently sold the Crowther clothing operations to its management[14] (which became Response Group)

1989 Sold 70 percent of MCD, carpet distributors, because of perceived conflict of interest with Coloroll's carpet brands[15]

1990 After a profit warning, due to problems with loans to the Response Group, Coloroll sold Alexander Drew to its management[16]. After changing chairman, Coloroll went into receivership because of the size of its debts[17]

See Also

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Sources of Information

  1. The Times, Nov 19, 1981
  2. The Times, Apr 14, 1982
  3. The Times, Nov 22, 1984
  4. The Times, May 10, 1985
  5. The Times, Oct 30, 1985
  6. The Times, October 01, 1986
  7. The Times, January 30, 1987
  8. The Times, April 10, 1987
  9. The Times, May 21, 1987
  10. The Times, August 20, 1987
  11. The Times, June 06, 1987
  12. The Times, April 08, 1988
  13. The Times, June 09, 1988
  14. The Times, July 29, 1988
  15. The Times, October 20, 1989
  16. The Times, February 09, 1990
  17. The Times, June 08, 1990