Sacked
It is likely that his failure left him depressed; certainly in 1725,he was severely in arrears with providing accounts to his partners. Accordingly, the partners met at Wolverhampton and sacked him. Warine Falkner was the next manager, but his wife wanted to move back to Staffordshire to be near her family, and he left. In the time of his successor Thomas Pendrill, the business (now owned entirely by the Foley family) gradually contracted, and ends in obscurity as an unimportant concern, some time after 1751.
Read more about this topic: William Rea (ironmaster)