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Nuffield Organization

January 01, 1970

Nuffield Organization was the unincorporated umbrella-name or promotional name used for the charitable and commercial interests of owner and donor, William Morris, 1st Viscount Nuffield. The name was assumed following Nuffield's gift made to form his Nuffield Foundation in 1943, it linked his business interests to his existing very generous philanthropy. The same enterprises had previously been referred to as the Morris Organizations[1] and at first described itself as The Nuffield Organization, A Cornerstone of Britain's Industrial Structure.[2][note 1]

Nuffield Organization
Nuffield Organization advertisement: 1951
PredecessorThe Morris Organizations
SuccessorBritish Motor Corporation
Formation1943 (1943)
FounderThe Viscount Nuffield
HeadquartersCowley, Oxford
ServicesHealth and automotive industry
LeaderWilliam Morris, Viscount Nuffield
Viscount Nuffield
Guy's Hospital, London

Productive members of the Nuffield Organization edit

 
Nuffield College, Oxford
the west gate

The productive businesses were owned by Morris Motors Limited and this corporate structure appears to have been retained until the formation of British Leyland in 1968.

In 1945[3] the principal businesses among them were:
and included:

Morris-Austin merger edit

An agreement was reached between Morris and The Austin Motor Company in October 1948 amounting to amalgamation in everything but financial structure. The terms included the constant interchange of information on production methods, research, design, buying and almost every other aspect of their work. It also envisaged the pooling of factory resources. In July 1949 Morris and Austin announced the end of their scheme, no further steps would be taken to pool production resources and no merger of any kind was contemplated.[4]

"Nuffield and Austin broke off arrangements for the exchange of confidential information in 1949 following the revival of long-standing hostilities between their chief executives and the Labour Party's decision not to include the industry in its plans for future nationalisation." [5] Leonard Lord, chief of Austin, had been with Morris from 1923 to 1936, the last four years as Morris's chief executive. They had parted on extremely bad terms.

The motoring correspondent of The Times said the two concerns were fundamentally different in their structure. The Nuffield Organization under the control of Morris Motors made three Morris models with Wolseley (two), Riley (two), MG (two) as well as Morris Commercial trucks, Nuffield Universal tractors and marine engines. The main factory was at Cowley, Oxford, there were more at Birmingham, Coventry and Abingdon. The Austin business, Austin of England,[6] was highly concentrated both in its huge Longbridge factory at Birmingham and in its products: six Austin car models, Austin trucks and marine engines and battery electric vehicles.[4]

The nine different cars made by Nuffield using six engines and five (and a half) car bodies of which the "specialist" three were obsolescent, the rest very closely related if not identical.

The matrix of images shows the links between the models.
  • The four images on the left hand side are the mid-size and large Morrises with the matching Wolseleys beneath them.
  • The four images on the right hand side are two MGs — sharing one engine used in two bodies and two Rileys — two different engines sharing one body
  • The long-lived Morris Minor is top centre and Lovell Telescope at Jodrell Bank, to which Lord Nuffield provided part of the funding.

The specialist MGs and Rileys were to be the last of their separate-chassis line — except for the MG Midget TF and MGA, which latter lasted until the monocoque MG MGB of 1962. The bigger Morris and Wolseley cars shared an identical monocoque structure aft of their engine compartments and almost all mechanicals, the Minor's structure was a smaller version of the same monocoque design.[citation needed]

However, on Friday 23 November 1951 a joint statement announced plans for a merger. The two companies would retain their separate identities and would not produce the same models.[4] Forty years later the merger was recognised to have been a political decision in the face of American competition and the absence of heirs for either Morris or Austin.[7]

British Motor Corporation edit

Morris Motors Limited merged with The Austin Motor Company Limited in The British Motor Corporation Limited in 1952. The two groups were very evenly matched, not only in financial terms, each had produced and sold in the previous year an almost identical number of vehicles.

By an agreement between the Nuffield and Austin groups announced in November 1951 a new company was incorporated in February 1952 and named The British Motor Corporation Limited. On 29 February 1952 it offered to buy all the shares in Morris Motors Limited giving in exchange shares in BMC.[8]

Holders of the ordinary shares in either Morris or Austin received the same number of new ordinary shares in BMC.[9] Holders of preferred shares, because of the four different classes in Austin's capital received various apportionments of new 5% cumulative preference shares related to their market valuations.[9] If BMC's offer had been accepted in full the capital of BMC would have been £9.2 million in preference shares with £4.8 million in ordinary shares.[9] The effective date for exchange of the shares was to be 31 March 1952.[9]

On 10 April 1952 it was announced that sufficient acceptances had been received to satisfy the conditions of the offer of 29 February.[10]

The first published balance sheet of BMC, 31 July 1952 showed:[11]

Current assets £54.8 million
Current liabilities £28.0 million
Net current assets £26.8 million
Fixed assets £17.5 million
Issued capital and reserves £44.3 million

On 8 September 1952[12] the British Motor Corporation advertised that it included:

as well as:

  • The Austin Motor Company Limited
  • Austin Motor Export Corporation Limited
  • The Austin Finance Company Limited
  • Vanden Plas (England) 1923 Limited
  • The Austin Motor Company (Canada) Limited
  • The Austin Motor Company Limited (England)
  • The Austin Motor Company (Australia) Limited
  • The Austin Motor Company (South Africa) (Proprietary) Limited
  • The Austin Motor Company (Rhodesia) Limited

Continuing identity edit

The Nuffield Organization and its members retained their individual identities until the formation of British Leyland.

See also edit

Notes edit

  1. ^ "Morris Motors Limited and its associated companies, which together form what is now generally known as the Nuffield Organization."
    Morris Motors Limited. Statement by the Vice-Chairman, Sir Miles Thomas, D.F.C. circulated with the report and accounts. The Times, Saturday, 7 June 1947; pg. 7; Issue 50781

References edit

  1. ^ Morris Motors (1926) Ltd. The Times (London, England), Monday, 12 July 1926; pg. 22; Issue 44321
  2. ^ The Autocar, 6 August 1943 page 11
  3. ^ Morris Motors Limited. AGM, The Times, Wednesday, 4 September 1946; pg. 9; Issue 50547.
  4. ^ a b c Morris-Austin Merger. Our Motoring Correspondent. The Times, Saturday, 24 November 1951; pg. 6; Issue 52167
  5. ^ Noel Whiteside, Robert Salais, editors, The Governance, Industry, and Labour Markets in Britain and France, London, Routledge, 1998
  6. ^ The Austin Motor Company Limited. The Times, Monday, 26 March 1951; pg. 8; Issue 51958
  7. ^ R P T Davenport-Hines (editor) Business in the Age of Depression and War page 319, Frank Cass & Co, London 1990 ISBN 0-7146-3387-9
  8. ^ The British Motor Corporation. The Times, Friday, 28 March 1952; pg. 9; Issue 52272
  9. ^ a b c d Morris-Austin Merger. The Times, Saturday, 1 March 1952; pg. 9; Issue 52249
  10. ^ The British Motor Corporation Limited. The Times, Thursday, 10 April 1952; pg. 11; Issue 52283.
  11. ^ "City Notes". The Times. No. 52478. 25 November 1952. p. 12.
  12. ^ "Display advertisement. B.M.C.". The Times. No. 52411. 8 September 1952. p. 2.

January 01, 1970
nuffield, organization, unincorporated, umbrella, name, promotional, name, used, charitable, commercial, interests, owner, donor, william, morris, viscount, nuffield, name, assumed, following, nuffield, gift, made, form, nuffield, foundation, 1943, linked, bus. Nuffield Organization was the unincorporated umbrella name or promotional name used for the charitable and commercial interests of owner and donor William Morris 1st Viscount Nuffield The name was assumed following Nuffield s gift made to form his Nuffield Foundation in 1943 it linked his business interests to his existing very generous philanthropy The same enterprises had previously been referred to as the Morris Organizations 1 and at first described itself as The Nuffield Organization A Cornerstone of Britain s Industrial Structure 2 note 1 Nuffield OrganizationNuffield Organization advertisement 1951PredecessorThe Morris OrganizationsSuccessorBritish Motor CorporationFormation1943 1943 FounderThe Viscount NuffieldHeadquartersCowley OxfordServicesHealth and automotive industryLeaderWilliam Morris Viscount Nuffield Viscount NuffieldGuy s Hospital London Contents 1 Productive members of the Nuffield Organization 2 Morris Austin merger 3 British Motor Corporation 4 Continuing identity 5 See also 6 Notes 7 ReferencesProductive members of the Nuffield Organization edit nbsp Nuffield College Oxfordthe west gate The productive businesses were owned by Morris Motors Limited and this corporate structure appears to have been retained until the formation of British Leyland in 1968 In 1945 3 the principal businesses among them were Morris Motors Limited Morris vehicles which was also the Nuffield Organization s holding company for Wolseley Motors Limited Wolseley cars Riley Coventry Limited Riley cars The M G Car Company Limited MG cars Morris Commercial Cars Limited producing vans and trucks The S U Carburetter Company Limited and included Nuffield Acceptances Limited Arranged finance in connection with hire purchase agreements for the purchase of motor cars Nuffield Australia Pty Limited Nuffield Exports Limited Nuffield Mechanizations Limited produced tanks during the war Nuffield Metal Products Limited Nuffield Tools and Gauges Limited production equipment for the other companies The Nuffield Press Limited publishing handbooks owners magazine etc Morris Austin merger editAn agreement was reached between Morris and The Austin Motor Company in October 1948 amounting to amalgamation in everything but financial structure The terms included the constant interchange of information on production methods research design buying and almost every other aspect of their work It also envisaged the pooling of factory resources In July 1949 Morris and Austin announced the end of their scheme no further steps would be taken to pool production resources and no merger of any kind was contemplated 4 Nuffield and Austin broke off arrangements for the exchange of confidential information in 1949 following the revival of long standing hostilities between their chief executives and the Labour Party s decision not to include the industry in its plans for future nationalisation 5 Leonard Lord chief of Austin had been with Morris from 1923 to 1936 the last four years as Morris s chief executive They had parted on extremely bad terms The motoring correspondent of The Times said the two concerns were fundamentally different in their structure The Nuffield Organization under the control of Morris Motors made three Morris models with Wolseley two Riley two MG two as well as Morris Commercial trucks Nuffield Universal tractors and marine engines The main factory was at Cowley Oxford there were more at Birmingham Coventry and Abingdon The Austin business Austin of England 6 was highly concentrated both in its huge Longbridge factory at Birmingham and in its products six Austin car models Austin trucks and marine engines and battery electric vehicles 4 The nine different cars made by Nuffield using six engines and five and a half car bodies of which the specialist three were obsolescent the rest very closely related if not identical nbsp Morris Six2215 cc nbsp Morris Oxford1476 cc nbsp Morris Minor918 cc nbsp MG 1 litre saloon1250 cc nbsp MG TD1250 cc nbsp Wolseley 6 802215 cc nbsp Wolseley 4 501476 cc nbsp Nuffield Radio Astronomy Laboratories Jodrell Bank nbsp Riley RMA 1 Litre1496 cc nbsp Riley RMB 2 Litre2443 cc The matrix of images shows the links between the models The four images on the left hand side are the mid size and large Morrises with the matching Wolseleys beneath them The four images on the right hand side are two MGs sharing one engine used in two bodies and two Rileys two different engines sharing one body The long lived Morris Minor is top centre and Lovell Telescope at Jodrell Bank to which Lord Nuffield provided part of the funding The specialist MGs and Rileys were to be the last of their separate chassis line except for the MG Midget TF and MGA which latter lasted until the monocoque MG MGB of 1962 The bigger Morris and Wolseley cars shared an identical monocoque structure aft of their engine compartments and almost all mechanicals the Minor s structure was a smaller version of the same monocoque design citation needed However on Friday 23 November 1951 a joint statement announced plans for a merger The two companies would retain their separate identities and would not produce the same models 4 Forty years later the merger was recognised to have been a political decision in the face of American competition and the absence of heirs for either Morris or Austin 7 British Motor Corporation editMorris Motors Limited merged with The Austin Motor Company Limited in The British Motor Corporation Limited in 1952 The two groups were very evenly matched not only in financial terms each had produced and sold in the previous year an almost identical number of vehicles By an agreement between the Nuffield and Austin groups announced in November 1951 a new company was incorporated in February 1952 and named The British Motor Corporation Limited On 29 February 1952 it offered to buy all the shares in Morris Motors Limited giving in exchange shares in BMC 8 Holders of the ordinary shares in either Morris or Austin received the same number of new ordinary shares in BMC 9 Holders of preferred shares because of the four different classes in Austin s capital received various apportionments of new 5 cumulative preference shares related to their market valuations 9 If BMC s offer had been accepted in full the capital of BMC would have been 9 2 million in preference shares with 4 8 million in ordinary shares 9 The effective date for exchange of the shares was to be 31 March 1952 9 On 10 April 1952 it was announced that sufficient acceptances had been received to satisfy the conditions of the offer of 29 February 10 The first published balance sheet of BMC 31 July 1952 showed 11 Current assets 54 8 million Current liabilities 28 0 millionNet current assets 26 8 million Fixed assets 17 5 million Issued capital and reserves 44 3 million dd dd On 8 September 1952 12 the British Motor Corporation advertised that it included Morris Motors Limited Morris Commercial Cars Limited Nuffield Australia Pty Limited Nuffield Exports Limited Nuffield Metal Products Limited Riley Motors Limited The M G Car Company Limited The S U Carburetter Company Limited Wolseley Motors Limited as well as The Austin Motor Company Limited Austin Motor Export Corporation Limited The Austin Finance Company Limited Vanden Plas England 1923 Limited The Austin Motor Company Canada Limited The Austin Motor Company Limited England The Austin Motor Company Australia Limited The Austin Motor Company South Africa Proprietary Limited The Austin Motor Company Rhodesia LimitedContinuing identity editThe Nuffield Organization and its members retained their individual identities until the formation of British Leyland See also editNuffield HealthNotes edit Morris Motors Limited and its associated companies which together form what is now generally known as the Nuffield Organization Morris Motors Limited Statement by the Vice Chairman Sir Miles Thomas D F C circulated with the report and accounts The Times Saturday 7 June 1947 pg 7 Issue 50781References edit Morris Motors 1926 Ltd The Times London England Monday 12 July 1926 pg 22 Issue 44321 The Autocar 6 August 1943 page 11 Morris Motors Limited AGM The Times Wednesday 4 September 1946 pg 9 Issue 50547 a b c Morris Austin Merger Our Motoring Correspondent The Times Saturday 24 November 1951 pg 6 Issue 52167 Noel Whiteside Robert Salais editors The Governance Industry and Labour Markets in Britain and France London Routledge 1998 The Austin Motor Company Limited The Times Monday 26 March 1951 pg 8 Issue 51958 R P T Davenport Hines editor Business in the Age of Depression and War page 319 Frank Cass amp Co London 1990 ISBN 0 7146 3387 9 The British Motor Corporation The Times Friday 28 March 1952 pg 9 Issue 52272 a b c d Morris Austin Merger The Times Saturday 1 March 1952 pg 9 Issue 52249 The British Motor Corporation Limited The Times Thursday 10 April 1952 pg 11 Issue 52283 City Notes The Times No 52478 25 November 1952 p 12 Display advertisement B M C The Times No 52411 8 September 1952 p 2 Retrieved from https en wikipedia org w index php title Nuffield Organization amp oldid 1132324013, wikipedia, wiki, book, books, library,

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