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Description: | These records comprise a fairly comprehensive set of annual accounts of Joseph Sankey & Sons Ltd and the company's individual Works from the period immediately preceding the First World War to the 1960s, although there are some gaps for the post-Second World War period and relatively few accounts dating from the 1960s. The records for the majority of this period consist of internal and audited balance sheets and profit and loss accounts and trading accounts, as well as substantial working papers and associated correspondence generated by the company and its accountants. There are also capital expenditure and depreciation accounts, and financial material prepared to assess the company's liability for income tax, and for Excess Profits Duty and Munitions Levy during the First World War and the early 1920s. Some of the annual accounts for the individual Works of the company also document trading results, and there is a set of accounts of the Hadley Castle Estate, which largely consisted of properties purchased by Joseph Sankey & Sons Ltd and rented to tenants.
All the series of annual accounts appear to have been stored at the Company Secretary's office or at other departments at Joseph Sankey & Sons Ltd Head Office in Bilston. Many of them must also have been generated there, with the obvious exception of the accounts from Hadley Castle Works and possibly other Works.
This set of records provides evidence about the development and expansion of the company over the first half of the twentieth century and the comparative financial success of its different Works, which manufactured distinct types of product. They are also a source of information about the effects of government taxation introduced during the First World War on the profits of companies that manufactured armaments. The records also give a view of the company's benevolent activities in Bilston and the surrounding area, both for the benefit of its employees and for the wider community, albeit seen from a financial perspective, in the accounts for company welfare schemes and sports and social associations, as well as subscriptions and donations made by the company. | License: | http://creativecommons.org/licenses/by/2.0/uk/ | Publisher: | Wolverhampton Archives | Rights holder: | Wolverhampton Archives | Temporal: | 1910-1967 | Source: | Black Country History | Identifier: | http://www.blackcountryhistory.org/colle... | Go to resource |
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