Carron Company
When Gascoigne joined the Carron Company only six years after it was founded, and it was still suffering from problems with the quality of its iron. Nevertheless, the Board of Ordnance had granted it a lucrative contract to supply armaments to the British armed forces in 1764. He became managing partner of the ironworks in 1769, taking over from William Cadell, Jr, the son of William Cadell, another founder of the works.
Gascoigne introduced many improvements in the company's techniques of production, and devoted considerable effort to increasing the quality of its work. Despite (or perhaps because of) Gascoigne's influence, the Carron Company and Garbett's other enterprises remained in a difficult financial position. Garbett & Co. collapsed under the weight of debts in 1772, harming Gascoigne's relationship with his father-in law. The Board of Ordnance eventually withdrew their contract with Carron Company for long guns in 1773, as a result of concerns over the poor quality of their workmanship
The company received a royal charter to incorporate as the Carron Company in 1773. However, despite Gascoigne's efforts, the quality of company's products had remained low. After the company's contracts to supply the Royal Navy were cancelled in 1773, the company's cannon were removed from all naval vessels.
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