Schlick-Nicholson machine, wagon and shipyard ltd
Schlick-Nicholson machinery, waggon and shipyard Rt. 1871-1929
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.
Schlick Iron Foundry and Machine Works Ltd:
The Schlick Iron Foundry and Machine Works Ltd. was established between 1869 and 1871. The company's predecessor was the foundry operated by Ignác Schlick, first in Buda and then in Pest from the early 1860s, which was taken over after the founder's death (1869) by his son Béla Schlick (who became a nobleman in 1896 with the first name of kovarcz) and his former business partner and son-in-law Frigyes Lagenfeld.
From later reports we know that the company started out with iron casting, but gradually added new branches to its production portfolio, such as bridge building, iron structures for construction, steam engines, steam boilers, pumping stations, wagon building, cranes, cooling chambers and ice machines.
The company's operations have proved successful. The company's share capital in 1871 was 500 000 Frt, headed by the aforementioned Frigyes Lagenfeld, with István Meindl, Hermann Nagel, Ignác Pfeifer and Ferenc Seitl as members of the board of directors. In terms of business results, the profit in 1874 was a modest HUF 990, which amounted to HUF 31 238 in 1875, HUF 15 795 in 1876 and a loss of HUF 3 732 in 1877. During the first decade the company fluctuated between a profit and a loss of 5000-5000 Frt.
The growth path arrived in 1880. At that time, the company had a profit of Frt 39 187, which in 1881 was Frt 55 231 with a capital of Frt 600 000, then in 1882 Frt 76 166 with a capital of Frt 1 000 000, in 1883 Frt 122 086 and in 1884 Frt 125 842 with a capital of Frt 1 200 000. From then until 1892, this profit, generally around Frt 100 000, was fixed.
In 1893 another capital increase to 1 600 000 forints was made, and with this investment the profit level could increase again. In 1893 the capital was 139,412 Frt, and in 1895, with a share capital of 2,000,000 Frt, it was 175,019 Frt. This increase was maintained and in 1896 the profit was 180 330 Frt, which then began to shrink and in 1899 the loss was 103 509 Frt. In 1900, the company switched nominally to Krona (share capital of K 4 000 000), but the loss increased to KF 324 946. However, the year 1901 brought a modest profit (K 2 126), which started to rise again in 1902 (K 209 143). The profit level exceeded K 300 000 in 1907, K 400 000 in 1908 and reached K 440 000 in 1910, when the successful company merged with Nicholson.
The development of the stock market value of Schlick Iron Foundry and Machine Works Ltd. also reflects the fluctuations in the company's business. On the one hand, we can thus see indirectly from the development of share prices the alternation of minor market ups and downs, and on the other hand, we can see that it was the business activity that almost alone determined its fluctuations, the company's shares being driven not by the profit-making motive of the shares but by real performance. The global economic recession of the early 1900s is also very visible, which adversely affected many sectors at the time, but as iron foundry and engineering were of major importance, they were obviously even more so.
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.
A Schlick-Nicholson Machine, Waggon and Shipyard Ltd (1912-1927)
The United Schlick-Nicholson Machine-, Waggon- and Shipyard Rt. It was founded in 1912 with a share capital of K 8 000 000 and moved locally to the former Schlick factory, following the closure of the former Nicholson plant. The enlarged production site of the merged company, including the shipyard in Újpest, covers a total area of 126 000 m2-with 4 000 skilled workers and 1 000 day labourers. The company merged the product range of the two predecessor companies, with a continued strong focus on river shipbuilding. Thus, in 1913, the Álmos was built, in 1916 the Huba, the Árpád and the Töhötöm, in 1918 the tramp steamers I, II and III, in 1919 the IV, in 1920 the V, VI and VII and in 1921 the VIII and IX riverboats, which were not given official names because of the war. During the war, the factory mainly produced military equipment and dismantlable military bridges. The post-war economic downturn and the difficulties in river shipping caused by the Treaty of Trianon (ships for reparations, new frontiers, loss of economic ties) had a strong impact on Schlick-Nicholson Rt. In the same year it was finally merged into Ganz-Danubius Rt.
The company's listing on the stock exchange is a mixed picture. The market value of the company, which had been listed in 1913 and merged a year earlier, was strongly affected by post-war inflation, which made the 1913 listing essentially incomparable with the 1923 listing, and then, just before the introduction of the Penguin, the merger with Ganz-Danubius led to the delisting of the company in the deflated Koruna.
Date of foundation: 1869
Date of cessation: 1927
Founders are not set
Determinant drivers are not set
Main activity not set
Main products are not set
Seats:
1869-1926 | Budapest |
Locations are not set
Main milestones are not set
Author: by Dr. Márton Pelles
Date of foundation: 1869
Founders are not set
Determinant drivers are not set
Main activity not set
Main products are not set
Seats:
1869-1926 | Budapest |
Locations are not set
Main milestones are not set
Author: by Dr. Márton Pelles
Schlick-Nicholson machine, wagon and shipyard ltd
Schlick-Nicholson machinery, waggon and shipyard Rt. 1871-1929
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.
Schlick Iron Foundry and Machine Works Ltd:
The Schlick Iron Foundry and Machine Works Ltd. was established between 1869 and 1871. The company's predecessor was the foundry operated by Ignác Schlick, first in Buda and then in Pest from the early 1860s, which was taken over after the founder's death (1869) by his son Béla Schlick (who became a nobleman in 1896 with the first name of kovarcz) and his former business partner and son-in-law Frigyes Lagenfeld.
From later reports we know that the company started out with iron casting, but gradually added new branches to its production portfolio, such as bridge building, iron structures for construction, steam engines, steam boilers, pumping stations, wagon building, cranes, cooling chambers and ice machines.
The company's operations have proved successful. The company's share capital in 1871 was 500 000 Frt, headed by the aforementioned Frigyes Lagenfeld, with István Meindl, Hermann Nagel, Ignác Pfeifer and Ferenc Seitl as members of the board of directors. In terms of business results, the profit in 1874 was a modest HUF 990, which amounted to HUF 31 238 in 1875, HUF 15 795 in 1876 and a loss of HUF 3 732 in 1877. During the first decade the company fluctuated between a profit and a loss of 5000-5000 Frt.
The growth path arrived in 1880. At that time, the company had a profit of Frt 39 187, which in 1881 was Frt 55 231 with a capital of Frt 600 000, then in 1882 Frt 76 166 with a capital of Frt 1 000 000, in 1883 Frt 122 086 and in 1884 Frt 125 842 with a capital of Frt 1 200 000. From then until 1892, this profit, generally around Frt 100 000, was fixed.
In 1893 another capital increase to 1 600 000 forints was made, and with this investment the profit level could increase again. In 1893 the capital was 139,412 Frt, and in 1895, with a share capital of 2,000,000 Frt, it was 175,019 Frt. This increase was maintained and in 1896 the profit was 180 330 Frt, which then began to shrink and in 1899 the loss was 103 509 Frt. In 1900, the company switched nominally to Krona (share capital of K 4 000 000), but the loss increased to KF 324 946. However, the year 1901 brought a modest profit (K 2 126), which started to rise again in 1902 (K 209 143). The profit level exceeded K 300 000 in 1907, K 400 000 in 1908 and reached K 440 000 in 1910, when the successful company merged with Nicholson.
The development of the stock market value of Schlick Iron Foundry and Machine Works Ltd. also reflects the fluctuations in the company's business. On the one hand, we can thus see indirectly from the development of share prices the alternation of minor market ups and downs, and on the other hand, we can see that it was the business activity that almost alone determined its fluctuations, the company's shares being driven not by the profit-making motive of the shares but by real performance. The global economic recession of the early 1900s is also very visible, which adversely affected many sectors at the time, but as iron foundry and engineering were of major importance, they were obviously even more so.
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.
A Schlick-Nicholson Machine, Waggon and Shipyard Ltd (1912-1927)
The United Schlick-Nicholson Machine-, Waggon- and Shipyard Rt. It was founded in 1912 with a share capital of K 8 000 000 and moved locally to the former Schlick factory, following the closure of the former Nicholson plant. The enlarged production site of the merged company, including the shipyard in Újpest, covers a total area of 126 000 m2-with 4 000 skilled workers and 1 000 day labourers. The company merged the product range of the two predecessor companies, with a continued strong focus on river shipbuilding. Thus, in 1913, the Álmos was built, in 1916 the Huba, the Árpád and the Töhötöm, in 1918 the tramp steamers I, II and III, in 1919 the IV, in 1920 the V, VI and VII and in 1921 the VIII and IX riverboats, which were not given official names because of the war. During the war, the factory mainly produced military equipment and dismantlable military bridges. The post-war economic downturn and the difficulties in river shipping caused by the Treaty of Trianon (ships for reparations, new frontiers, loss of economic ties) had a strong impact on Schlick-Nicholson Rt. In the same year it was finally merged into Ganz-Danubius Rt.
The company's listing on the stock exchange is a mixed picture. The market value of the company, which had been listed in 1913 and merged a year earlier, was strongly affected by post-war inflation, which made the 1913 listing essentially incomparable with the 1923 listing, and then, just before the introduction of the Penguin, the merger with Ganz-Danubius led to the delisting of the company in the deflated Koruna.