Saturday, 5 March 2016

Notes on Wm. McCorkell & Co. Ltd. - Part 1.


Like myself many people with a knowledge of Londonderry will remember the quayside mill and silos of Wm. McCorkell & Co Ltd. I always thought that there was a certain art deco look about the five storey concrete structure.

The company was incorporated on 26th July 1897. The initial directors were James Gallagher of 31 Waring Street, Belfast and William Bennet of 17 Greenbank Drive, Sefton Park, Liverpool. Prior to incorporation the manager of the business was a Mr David Thompson and shortly after the formation of the company this gentleman joined the Board and became Managing Director. For many years he lived in Sorrento on the Culmore Road before moving to Castlerock where his residence went by the name of Knockraven. The first of the McCorkell family to join the Board was Dudley Evelyn Bruce McCorkell who was knighted in 1933.

It appears that the initial issued share capital of the Company comprised 2000 shares of £10 each but by the time the balance sheet for the year ended 30th September 1917 had been prepared this had increased to 4000 shares of £10 and by the following year this had further increased to 6000 shares of £10 each, all fully paid.

Rather interestingly the assets of the Company in 1897 included a figure of £35 representing the value of the business's pigs. I suspect that they were kept so that any sweepings of grain did not go to waste. Immediately prior to incorporation the firm's assets included a quantity of claret in Bond. Clearly a very civilised business.



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