Decline and Demise
Beardmore's various companies became unprofitable in the post-war slump, resulting in the company facing bankruptcy. Financial aid initially came from Vickers Limited, which took a 60% stake in Beardmores, before pulling out in the late 1920s. Beardmore himself was removed from executive control of his company by the Bank of England. Most of Beardmore's various businesses were wound down over the next few years until Bearmore's retirement and death in 1936, although some persisted.
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Famous quotes containing the words decline and and/or decline:
“Or else I thought her supernatural;
As though a sterner eye looked through her eye
On this foul world in its decline and fall,
On gangling stocks grown great, great stocks run dry,
Ancestral pearls all pitched into a sty,
Heroic reverie mocked by clown and knave....”
—William Butler Yeats (1865–1939)
“But only that soul can be my friend which I encounter on the line of my own march, that soul to which I do not decline, and which does not decline me, but, native of the same celestial latitude, repeats in its own all my experience.”
—Ralph Waldo Emerson (1803–1882)