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Description: | Bound volume largely consisting of monthly operating and production statements issued by the Projectile & Engineering Co. Ltd from January to December 1961 including analysis of expenses incurred. Financial papers for some months also include group balance sheet; group profit and loss account; reports to Directors on sales and net profit; and sales analysis. These papers are stored in reverse chronological order. Towards the front of the file, with the financial statements for the end of 1961, are budget and summary cash forecast for 1961 with trading and profit and loss account forecast, together with a written trading forecast for 1961 and a report to the General Manager. At the front of the file is a copy of a report to the Directors dated 26 July 1961 which focuses on the company's finances and the serious shortage of cash.
GKN purchased Projectile & Engineering Company Ltd of Battersea, London, and production of metal pressings division was moved to Sankey A.C.M Division at the beginning of 1964. | License: | http://creativecommons.org/licenses/by/2.0/uk/ | Publisher: | Wolverhampton Archives | Rights holder: | Wolverhampton Archives | Temporal: | 1961 | Source: | Black Country History | Identifier: | http://www.blackcountryhistory.org/colle... | Go to resource |
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