Risehow Colliery, Coking & By-Product Co. Ltd.

Registered in 1917

Warning: This is not intended to be an exhaustive history of the company, but an indication of the changes of ownership and the links between companies and directors in those companies. Only collieries, pits etc. in the North of England are shown - the company may own other properties etc. outside this area and there may have been other changes of ownership etc. for which we currently do not have details.

Registered – February 2, 1917, to acquire from J. A Forster, the Receiver of the Flimby and Broughton Moor Coal and Fire-Brick Co., Ltd, and W. H. Nockolds, the following properties, viz.. (1) a leasehold colliery at Flimby, Cumberland, known as the New Risehow and Watergate Pits, with mining rights under nearly 7,000 acres of land and sea, and a surface area of about 130 acres; (2) a plot of freehold land with minerals thereunder, area 6¼ acres, upon which are erected a battery of 40 coke ovens and by-product plant; (3) a leasehold colliery known as the "Alice Pits" at Linefoot ; (4) a leasehold colliery known as the "Bertha Pit," at Broughton Moor, with plant and machinery thereon; (5) freehold brickworks, cottages, &c., area 15 acres.

Capital – £160,000, in 120,000 eight per cent. cumulative preference and 35,000 ten per cent, participating preferred ordinary shares of £1 each, and 50,000 deferred ordinary shares of 2s. each; 112,340 eight per cent. cumulative preference and all the ten per cent, participating preferred ordinary and deferred ordinary shares are issued and fully paid. Increased from £100,000 to present amount in December, 1918, by creation of a further 60,000 cumulative preference shares, making 120,000, which were offered to shareholders at par.

Debentures – £125,000.

Dividends – For 1917-18, 7 per cent. on pref. ord.; 1918-19, 15 5/6 on pref. ord. and 1s. on deferred; 1919-20, nil; 1920-21, 10 per cent. on pref. ord., nil on def. The cumulative preference dividend has been paid to August 31, 1921.

Accounts – For thirteen months ended March 31, 1921, submitted in Leeds July 20, 1921, showed a profit of £27,838, making with £8,558 brought forward a sum of £36,397, out of which preference dividends were paid. No later accounts received.

Source: Mining Manual & Mining Year Book for 1924