"Nicholson" machinery factory - partner.
A Schlick-Nicholson Machine-, wagon- and shipyard Rt. (1912-1927) two predecessor organisations - Schlick Iron Foundry and Machine Works Ltd (1871-1912); Nicholson Machine Works Ltd (1895-1912) - was created in 1912 and merged in 1927 into the Ganz and his partner - Danubius Machine-, Wagon-, and Shipyard Rt (1911-1929). The two predecessors, the merged entity and Ganz, had similar backgrounds, similar technologies and produced similar products. Both Abraham Ganz, Ignác Schlick and Philip W. Nicholson emigrated to Hungary from abroad. While the first two started as iron founders themselves, Nicholson came to Hungary representing his father's British company. All three firms were in the right place at the right time, for from the 1860s to the 1870s, as Budapest and Hungary developed, there was a steady and growing demand for iron and steel products, first specifically for castings, and later for finished products in addition to semi-finished products, such as shipbuilding, railways and urban transport.
The Nicholson Machine Works Ltd (1895-1911)
The original Nicholson factory was started as a Budapest branch of an English company to distribute and sell British products in Europe. The company was run by the son of the original English company director, Philip W. Nicholson, from its foundation in 1869. However, the Budapest branch was not only an agent for the parent company, but also a service centre for its products and, very soon, a manufacturer of small machines. The plant underwent a period of extensive development before burning down in 1892. With the rebuilding, the company was put on a new footing in every sense, becoming a limited company in 1895. The main owner remained Philip W. Nicholson, while the company's managing director was József Herczegh, who had been renamed Herczegfalf in 1910. The board of directors also included Count Andor Zichy, Antal Deutsch, Géza Koppély and Gyula Walthier.
The plant was already engaged in all kinds of engineering activities (mainly the manufacture of agricultural machinery and tools, iron structures for power stations, boilers, slaughterhouses and Linde's patent ice machines), of which it is worth mentioning that the Hungarian River and Shipping Company, founded in 1894, commissioned Nicholson Ltd to build several of its river steamers, as the company was already engaged in shipbuilding at that time. They built the side-wheel steamers Beszédes (1888), Wekerle Sándor (1891), Haza (1893), Vezér and Kati (1893), Margitta-Sziget and Aranka (1894). This continued in the joint-stock company framework later, with the construction of the Tárta, Mátra and Fátra in 1896, the Nemzet in 1897, the Bánffy, Kékes and Vértes in 1898, the Primus and Dacia (to Braila) in 1908, the Bácska, the Baja, and the Dunay (to Rostov) in 1910 and the Lajos II to Mohács in 1911. Finally, following the death of Philip Nicholson in 1912, the company merged with Schlick Ltd.
After the reorganisation of Nicholson Ltd. in 1895, it is a successful and profitable company. Profits from 1895 to 1899 ranged from 75 to 90,000 Frt per annum, while from the introduction of the Crown in 1900 (capital stock of K 2,000,000) to 1910, annual profits ranged from K 165 to 244,000. However, after the increase in the share capital in 1911 (K K 3 000 000), the annual profit exceeded KF 278 000.
This steady and forward-looking development is also reflected in the company's stock market value. If we look at the graph below, we can see that the company's share price has risen, albeit not monotonically, but steadily, and that this may have been due to the fact that the MFTR shipping company was able to secure a steady flow of orders from the state, which meant that the economic downturn after the turn of the century did not have a negative impact on the company's business.
Founded in 1895
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| "Nicholson" machinery company - partner. |
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Founded in 1895
Founders are not set
Determinant drivers are not set
Main activity not set
Main products are not set
Seats are not configured
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Author:
"Nicholson" machinery factory - partner.
A Schlick-Nicholson Machine-, wagon- and shipyard Rt. (1912-1927) two predecessor organisations - Schlick Iron Foundry and Machine Works Ltd (1871-1912); Nicholson Machine Works Ltd (1895-1912) - was created in 1912 and merged in 1927 into the Ganz and his partner - Danubius Machine-, Wagon-, and Shipyard Rt (1911-1929). The two predecessors, the merged entity and Ganz, had similar backgrounds, similar technologies and produced similar products. Both Abraham Ganz, Ignác Schlick and Philip W. Nicholson emigrated to Hungary from abroad. While the first two started as iron founders themselves, Nicholson came to Hungary representing his father's British company. All three firms were in the right place at the right time, for from the 1860s to the 1870s, as Budapest and Hungary developed, there was a steady and growing demand for iron and steel products, first specifically for castings, and later for finished products in addition to semi-finished products, such as shipbuilding, railways and urban transport.
The Nicholson Machine Works Ltd (1895-1911)
The original Nicholson factory was started as a Budapest branch of an English company to distribute and sell British products in Europe. The company was run by the son of the original English company director, Philip W. Nicholson, from its foundation in 1869. However, the Budapest branch was not only an agent for the parent company, but also a service centre for its products and, very soon, a manufacturer of small machines. The plant underwent a period of extensive development before burning down in 1892. With the rebuilding, the company was put on a new footing in every sense, becoming a limited company in 1895. The main owner remained Philip W. Nicholson, while the company's managing director was József Herczegh, who had been renamed Herczegfalf in 1910. The board of directors also included Count Andor Zichy, Antal Deutsch, Géza Koppély and Gyula Walthier.
The plant was already engaged in all kinds of engineering activities (mainly the manufacture of agricultural machinery and tools, iron structures for power stations, boilers, slaughterhouses and Linde's patent ice machines), of which it is worth mentioning that the Hungarian River and Shipping Company, founded in 1894, commissioned Nicholson Ltd to build several of its river steamers, as the company was already engaged in shipbuilding at that time. They built the side-wheel steamers Beszédes (1888), Wekerle Sándor (1891), Haza (1893), Vezér and Kati (1893), Margitta-Sziget and Aranka (1894). This continued in the joint-stock company framework later, with the construction of the Tárta, Mátra and Fátra in 1896, the Nemzet in 1897, the Bánffy, Kékes and Vértes in 1898, the Primus and Dacia (to Braila) in 1908, the Bácska, the Baja, and the Dunay (to Rostov) in 1910 and the Lajos II to Mohács in 1911. Finally, following the death of Philip Nicholson in 1912, the company merged with Schlick Ltd.
After the reorganisation of Nicholson Ltd. in 1895, it is a successful and profitable company. Profits from 1895 to 1899 ranged from 75 to 90,000 Frt per annum, while from the introduction of the Crown in 1900 (capital stock of K 2,000,000) to 1910, annual profits ranged from K 165 to 244,000. However, after the increase in the share capital in 1911 (K K 3 000 000), the annual profit exceeded KF 278 000.
This steady and forward-looking development is also reflected in the company's stock market value. If we look at the graph below, we can see that the company's share price has risen, albeit not monotonically, but steadily, and that this may have been due to the fact that the MFTR shipping company was able to secure a steady flow of orders from the state, which meant that the economic downturn after the turn of the century did not have a negative impact on the company's business.