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Hermand Oil Co. Ltd (1890)

Constitution Limited Company
Company Number. Registered in Scotland, No. 1982
Share Capital £350,000
Date of Incorporation 11th March 1890
Date of Dissolution 9th March 1899
Registered Office 43 West Regent Street, Glasgow (from 2nd April 1890); Breich, West Calder (from 7th June 1894)
Oil Works Breich Oil Works
Inkerman Oil Works

The Hermand Oil Company Ltd was formed on 11th March 1890 from the amalgamation of the Walkinshaw Oil Company Ltd and a previous concern also named the Hermand Oil Company Ltd. This new company acquired the undertakings, property and assets of the dissolved Walkinshaw and Hermand companies and was established to carry on the business of manufacturers of mineral oils, miners, colliery proprietors, coalmasters, coke manufacturers, lime-masters, brick and earthenware manufacturers, manufacturers of lamps, manufacturing chemists, farmers, trades merchants and dealers in relation to all or any substances or products produced in such trades or businesses of any of them.

Due to a downturn in the Scottish oil trade, the company produced relatively little oil, with its Breich Oil Works lying idle for many years. The company was dissolved voluntarily on 9th March 1899 and reconstructed as the New Hermand Oil Company Ltd which was incorporated on 10th March 1899.

 

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The works of the Company have remained closed during the past year, as in the previous year; the state of the oil trade, and of the Company's position, preventing their being reopened and carred on. The expense of the caretaking of the works, and payment of fixed rents for mineral fields not worked, and the payment of taxes have had to be met, while no revenue was being received. The result of the working the brick-clay at Walkinshaw has been merged in the general charges attending the Walkinshaw section. The Directors cannot at present advise the recommencement of the works.

Hermand Oil Company Ltd: Report by the Directors 20th July 1894

 

REVIVAL OF OILWORKS - Breich Oilworks are to be restarted by the Hermand Oil Company. They have been standing idle for many years.

The Aberdeen Journal, 4th October 1897

 

HERMAND OIL COMPANY - The report by the directors of this company for the past year states that they had, after obtaining expert advice, decided to restart the works, more especially as they had subsequently been able to conclude an arrangement with the landlords, whereby a substantial reduction had been made in the rate of lordship of shale. If the company was to make a fresh start and have a fair chance, it would be necessary to raise further capital. The directors are of opinion that the best course to adopt is to reconstruct the company, and they hope to be in a position to give full particulars of a scheme with that end in view to a meeting to be held early in the ensuing year.

Edinburgh Evening News, 17th December 1898

The New Harmand Oil Company - The report by the Directors of this Company with respect to the Company's affairs as 31st March last, is as follows - The accounts cover the period from the taking over on the 10th March 1899, of the undertakings of the Old Hermand Oil Company Limited but the works have not been in full operation since that date. Some time necessarily elapsed before the various departments were got into working order. A partial start was made with 40 retorts on 7th July, but it was three months later before the full 120 retorts were in operation. Since then various difficulties, resulting mainly from the works having stood idle for nearly eight years, have been met. Matters are now running smoothly.

West Lothian Courier, 20th July 1900

 

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