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Lester, Wyllie & Co.

Constitution Copartership
Date of Formation 1866
Date of Dissolution Sequestered 1867
Office 146 Buchanan St. Glasgow
Oil works Forth & Clyde Paraffin Works

The Glasgow Post Office directories of 1866 and 1867 list " Lester, Wyllie, & Co., mineral oil and chemical manufacturers, coal masters, Kirkintilloch and Bathgate; office, 146 Buchanan St.." Slater's royal national commercial directory note - Mathew Walker, Manager"

The bankruptcy hearing details the history of this company. William Lester began construction of an oil works at Kirkintilloch in May 1865 and started production of crude oil in November of that year. Mineral leases at Drumcrosshall were acquired in August 1865, the original intention being to supply shale to the Kirkintilloch works. In February 1866, the formation of partnership with Robert Wyllie, who had business interests in bread and biscuit manufacture, brought new capital into the firm.

In July 1866, a contract was agreed with James Palmer & Co to supply shale to an oilworks built on Lester, Wyllie's land at Drumcross in return for a royalty on oil production. The failure of James Palmer & Co, and the plummeting price of oil led to the bankruptcy of the partnership. Mineral rights at Drumcrosshall were later acquired by the Oakbank Oil Co.

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References

SEQUESTRATION OF LESTER, WYLLIE & COMPANY, Crude and Paraffin Oil Manufacturers at Kirkintilloch and Bathgate, and carrying on business in Glsgow, and William Lester, residing at Campsie Junction, and Robert Wyllie, Tertius, residing in Glasgow, the Individual Partners of said Company, as such Partners, and as Individuals. William M'Kinnon, Accountant in Glasgow, has been elected Trustee on the estate; and Robert Lockhart, Junior, Crude Oil Manufacturer in Glasgow and George Roy, Writer in Glasgow, have been elected Commissioners. The examination of the Bankrupts will take place within Sheriff Bell's Chambers, County Buildings, Glasgow, on Tuesday the 16th day of July current, at 12 o'clock noon.

The Edinburgh Gazette, 9th July 1867

 

SEQUESTRATION OF LESTER, WYLLIE & CO. William Mackinnon, Accountant, Glasgow, Trustee on the Sequestered Estates of Lester, Wyllie, & Co., Crude and Paraffin Oil Manufacturers at Kirkintilloch and Bathgate, and carrying on business in Glsgow, and William Lester, residing at Campsie Junction, and Robert Wyllie, Tertius, residing in Glasgow, the Individual Partners of said Company, as such Partners, and as Individuals, begs to intimate-

The Edinburgh Gazette, 8th September 1871

 

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