Coventry Times: 3rd November 1886

Failure in the Bicycle Trade: On Friday an adjourned meeting of the creditors of Thomas Smith, William Smith and Thomas Smith the younger, carrying on business in partnership under the style of “Thomas Pinsent & Sons” as manufacturers of tools, bicycles, and bicycle fittings … was held at the Western Hotel, before the Official Receiver, Mr. Sharp. – Mr. Pinsent (Barlow and Pinsent) appeared for the debtors and J. Ansell (Ansell and Ashford), Mr. Clutterbuck, Mr. Hooper (Johnson and Co., and Mr. Jacques represented the creditors … (continues at length) … …


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Express and Echo: Monday 1st November 1886

Paignton Artillery: the annual prize shooting of the Paignton Battery took place on Saturday at the Range, Preston Sands, Paighton. About fifty members competed, at 200 and 300 years, prone, seven shots each range. During the early part of the day there was good weather for shooting, but in the afternoon the light was dull. … (description of event) … Following are the Results: … (list of individuals and scores) … …  Recruits: Gunner Hodge, first; Gunner H. Skinner, second; Gunner J. Pinsent, third. …


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Birmingham Daily Post: Saturday 30th October 1886

The Failure of Birmingham Bicycle Manufacturers: An adjourned meeting of the creditors of Thomas Smith, William Smith, and Thomas Smith the younger, carrying on business in co-partnership, under the style of Thomas Smith and Sons, manufacturers of tools, bicycles and bicycle fittings, at Saltley Mill, Adderley Road, Saltley and having a retail shop at 21 Holborn Viaduct, London, … Mr. Pinsent appeared for the debtors and creditors were represented by Messrs. J. Ansell … and Mr. Hooper …  Mr. Pinsent explained that the last meeting was adjourned in order that a committee might draw up a scheme to be submitted to the creditors. The committee consisted of twelve of the largest creditors, and they met on Monday last at the debtors’ works to discuss the best course to be taken in the interests of the creditors. … (discussion and outcome)

[See additional in Birmingham Daily Post: Friday 22nd October 1886]


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Birmingham Daily Post: Thursday 28th October 1886

In Re: Thomas Smith & Sons, bicycle makers, Saltley: Adjourned public examination: Mr. Pinsent appeared for the debtors: In this case Mr. Sharp (official receiver) applied for a further adjournment. Mr. Sharp said he believed Mr. Pinsent has a scheme on hand for the benefit of the creditors worthy of the Lord Chancellor: Mr. Registrar Cole: The Chancellor of the Exchequer, you mean (laughter). The examination was adjourned.


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Hampshire Advertiser: Wednesday 27th October 1886

Portswood Reading Room: A very successful concert was given in the above room on Monday evening, under the direction of Miss Pinsent, the chair being taken by the Rev. E. Silver (Rector of Highfield). and the following programme was admirably gone through: Pianoforte duett, ” Qui Vive,” Mrs. Mellis and Miss Pinsent; song, “A Wayside Posy,” Miss Tracey; song, “The Yeoman’s Wedding.” Mr. Kennedy; reading,  “How Mr. Sniggles went to a public dinner,” Rev. J. K. Mellis; vocal duet, “Messenger Swallow,” Mrs. Kennedy and Miss Pinsent; pianoforte solo: “Tarantille” Mrs. Fletcher; song, “The Lights of London Town,” Mrs. Mellis; song, “The Press Gang” (encored) Dr. Stancomb; trio “Memory,” Mrs. and Mr. Kennedy and Miss Pinsent; pianoforte solo, Miss A. Tracey; song, “The beauteous song,” Mrs. Kennedy; song,” When love is nigh,”Dr. Stancomb; reading, “Mr. Cumperwick’s first client,” Rev. J. K. Mellis; vocal duett, “The wind bloweth in from the sea,” Mrs. and Mr. Kennedy; song, “Seventy years ago.” Mrs. Mellis (encored); pianoforte solo “Pastorale”: Mrs. Fletcher; song, “The old lock,” Miss Tracey; trio, “The wreath,” Mrs. and Mr. Kennedy and Miss Pinsent: The piano was kindly lent by Mr. C. E. Godfrey, of Marland-place. At the conclusion of the concert the Rev. Chairman (who takes a warm interest in this useful institution) made a few remarks, thanking the various ladies and gentlemen who had given their services to make the entertainment a success, the audience separating with the National Anthem.


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Hampshire Advertiser: Saturday 23rd October 1886

Missions to Seamen at Southampton: The Rev. J. K. Mellis has recommenced his weekly social entertainments at the Seamen’s Institute, in order to compensate for the faded pleasures of summer evening sports, which he organised as a substitute for the concerts at the end of May last. … On Friday 15th inst. a concert was given at which the following ladies and gentlemen kindly and efficiently contributed their services: – Mrs. Melliss, Misses Perkins and Mr. Perkins, Miss Pinsent, Mrs. Dickson, Messrs. Franklin, and Hind. Fortunate indeed, are our seamen thus kindly to be cared for, and their evenings rendered happy …


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Birmingham Daily Post: Friday 22nd October 1886

Eye Hospital: At a meeting of the committee held this day, Thursday: The Rev. B. Jones Bateman in the chair – the following was announced: New Subscriptions: … (includes) … Mr. R. A. Pinsent, £2 2s. …


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GRO0738 Devonport: Richard Alfred Pinsent: 1852 – 1948

Birmingham Daily Post: Friday 22nd October 1886

Heavy Failure in the Cycling Trade: A meeting of the creditors of Thomas Smith, William Smith, and Thomas Smith the younger, carrying on business in co-partnership under the style of Thomas Smith and sons, as manufacturers of tools, bicycles and bicycle fittings at Saltley Mill, Adderley Road, Saltley, and having a retail shop at 21 Holborn Viaduct, London was held yesterday t the Great Western Hotel Birmingham, under the presidency of Mr. Luke J. Sharp, Official Receiver in Bankruptcy. … The debtors were represented by Mr. Pinsent (Barlow, Smith, and Pinsent) …  (summary of finances) … A meeting of a few of the principal creditors was convened, and after the matter had been carefully considered they were advised to petition the court for a receiving order: Mr. Pinsent now made a proposal with a view to a settlement. He pointed out that for composition purposes a considerable portion of the assets was unrealizable, and making an allowance for this circumstance, he did not think that more than £5,000 would be available. … Mr. Pinsent explained that the machinery had been put in at breaking up prices. Mr. Ansell opposed the scheme, which he said was more worthy of the Chancellor of the Exchequer than of Mr. Pinsent (laughter). His clients would prefer to see the offer of composition increased, and the latter part of the scheme dispensed with, or to have the estate wound up in bankruptcy as an alternative. … On the suggestion of several creditors Mr. Pinsent conferred in private with his clients as to the amount of composition they would be prepared to offer, and on his return, Mr. Ansell proposed that the meeting should be adjourned in order that the matter might be further considered. …


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Birmingham Mail: Thursday 21st October 1886

Heavy Failure in the Cycling Industry: Novel Offer of Settlement: A meeting was held At the Great Western Hotel, this morning, before the Official Receiver, of the creditors of Messrs. T. Smith and Sons, carrying on business manufacturers of tools, bicycle, and bicycle fittings, at Saltley Mill, having retail shop at 21, Holborn Viaduct, … continues at length … Mr. Pinsent (Barlow, Smith and Pinsent) explained with reference to the assets, that a considerable part of them were unrealisable for the purposes of composition. About £5,000, would be a better figure to put them at for this purpose. A composition of 5s. in the pound would absorb £3,600, there would be preferential claims of £456 and the expense of these proceedings would probably be about £240, so that deducting these sums, the debtors would be left with small working capital. What Mr. Pinsent suggested was this, that the creditors should take a composition of 5s in the pound, payable in two, six, nine months, the last two instalments to be secured, and that the concern should be turned into a limited liability company, allotting to each creditor preference shares equal to 5s. in the pound on their claims. … (continues) …

[see continuation: Birmingham Mail: Friday 29th October 1886]


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Referenced

GRO0738 Devonport: Richard Alfred Pinsent: 1852 – 1948

Birmingham Daily Post: Wednesday 20th October 1886

Birmingham County Court: Yesterday: Before His Honour Judge Chalmers: … In re: Thomas Smith & Sons, bicycle makers, Saltley: Public examination: Debts, £14,481; assets, £7,009. … (discussion) … The Registrar said he had been looking down the statement and it appeared that £8,500 liabilities had been contracted this year: Mr. Hyam: And mostly in the last three or four months: Mr. Pinsent (who appeared for the debtors) said that would go to substantiate that the debtors were in a solvent position up to the time mentioned. The witness, in reply to Mr. Pinsent, said the concern was a large one. The examination was ultimately adjourned for a week.


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