Radio and Television Trust
1946 The Philco Radio and Television Corporation of Great Britain changed its name to Radio and Television Trust Ltd.[1] in order to acquire export rights which were specifically excluded from the pre-war agreement with Philco Corporation of America. The Philco name would only be used for products sold in Britain; Airmec International Sales was formed to handle exports of products under the Airmec name.
1946 Charterhouse Finance acquired a large interest in Aero Engines Ltd from Radio and Television Trust.
1947 EMI purchased a large factory at Perivale from Radio and Television Trust[2].
1948 In view of the government controls on supplies of certain materials, it was expected that the non-radio activities would be the areas for growth in future.
1948 November, ceased radio production; the distributors would set up a new company to supply Philco brand radios[3].
1949 Subsidiaries included[4]:
- Hopkinson Electric Co Ltd of Cardiff
- Britannic Electric Cable and Construction Co Ltd
- British Mechanical Productions Ltd
- General Accessories Co Ltd
1949 Heavy losses necessitated with sale of British Mechanical Productions Ltd and appointment of receiver to Hopkinson Electric Co which company would be sold.
1955 Britannic Electric Cable and Construction Co Ltd was sold to General Cable Manufacturing Co [5].
1955 Crompton Parkinson made an offer to acquire a substantial interest in the remainder of the company, essentially Airmec[6]
1959 Crompton Parkinson also acquired 90% of the Ordinary shares in the company[7]
1959 Daniel Dan Prenn took a controlling interest in Radio and Television Trust Ltd. Russian-born Prenn had arrived in the UK in 1933; he set up a number of electrical companies which were mostly still in private hands, including a "large loudspeaker manufacturer"[8] (Rola Celestion). It was hoped that British Communications Corporation Ltd would be transferred to Radio and Television Trust because of the close correspondence of its business with that of Airmec.
1962 Radio and Television Trust Ltd, chaired by D.D. Prenn, changed its name to Controls and Communications Ltd[9].