Bosanquet, Salt & Company records

Archive Collection

Scope and Content

Records of Bosanquet, Salt & Company relating to the establishment of the private firm, its operation and amalgamation with Lloyds, including:

  • Establishment (1867-1872): articles of partnership;
  • Operation (1824-1874): signature book and customers’ incidental papers;
  • Amalgamation (1882-1884): financial statements, amalgamation agreement, private ledger.

Administrative / Biographical History

Foundation

The London-based bank of Bosanquet, Salt & Co. was established in 1867. It was formed as a result of the merger of two much older London firms, Stevenson, Salt & Sons (established 1787) and Bosanquet, Beachcroft & Reeves (1780).

Customer Base

Much of Bosanquet, Beachcroft & Reeves’s early business was concerned with helping to finance merchant traders. It also acted as London agent to a number of country banks. Samuel Bosanquet, one of the original partners, maintained close links with the Admiralty. As a result, many early customers were high-ranking members of the Royal Navy. However, this patronage declined with the end of the Napoleonic Wars, in 1815.

Takeover

In 1867, the bank merged with local rival, Stevenson, Salt & Sons. This merger not only achieved a larger customer base, but it also brought the bank its first link with Lloyds, for whom Stevenson, Salt & Sons acted as London agent.The merger was a success. In the years to come, however, the bank’s small size meant that it found it difficult to compete with the larger joint-stock banks. Bosanquet, Salt & Co. was taken over by Lloyds Banking Company in 1884. The Bosanquet name did appear briefly alongside that of Lloyds in the Bank’s title – Lloyds Bank was known as Lloyds, Barnetts & Bosanquets until 1889.

Conditions Governing Access

Access is by appointment only, and at the discretion of the Archivist. Please e-mail archives@lloydsbanking.com for further information.

Other Finding Aids

Item level catalogue available - please e-mail archives@lloydsbanking.com for further details.

Geographical Names