Burntisland Oil Co. Ltd. (1881)

Company number:

Registered in Scotland, No. 1049A

Share capital:

£?

Started:

5th September 1881

Finished:

Wound up 8th September 1892, dissolved 5th April 1894

Registered office:

34 St Andrews Square, Edinburgh - 28th Septemer 1881; 80a Princes Street, Edinburgh -. 15th January 1883

Oil works:

Binnend Oil Works

A company formed to acquire Binnend Oil Works and associated mineral rights from John Wadell, who had purchased these assets on wind-up of the Binnend Oil Co. Ltd.

The company reconstructed the Binnend Oil Works, equipping them with Henderson retorts and developing a refinery and candle works. Although the company was conspicuously successful during the first few years of existance, geological problems contributed to the collapse of the company in the early 1890's.

A new company, The Burntisland Oil Co. Ltd (1893) was formed to take forward the enterprise, but met with little success.

Directors

The first directors of the company are listed below:

Richard Brown - of Haylee, Haylee House, Ayrshire
William D. Gillies - Iron Merchant, Glasgow
Gavin Paul - Coalmaster, Coats Gardens, Edinburgh
James Thornton
John Waddell - 1887 - Belford Park, Edinburgh
Thomas Wood - 1887 - Baileyfield, Portobello
Robert Younger - 15 Carlton Terrace, Edinburgh

Newspaper references

Advertisment from Slater's trade directory, 1882

.......

SCOTTISH OIL SHARES. Scottish mineral oil shares were dealt in Glasgow at the lowest prices in the history the trade, The Scottish Mineral Oil Association meets today. It is feared that several of the smaller companies will withdraw from the agreement, a lender on a large quantity of shale is selling under the minimum price of 3d per lb, and it is feared that the liquidator of the Burntisland Company may do the same.

Edinburgh Evening News, 21st September 1892

Associated references

Registration Records transcribed from dissolved company records held by the National Archives of Scotland.