Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 148,100 pages of information and 233,633 images on early companies, their products and the people who designed and built them.
1932 Company founded.
1936 Public company.
1957 Name changed.
1961 Aeronautical engineers and sheet metal fabricators. Manufacturers of "Midas" electronics data recording and playback systems. Engaged on developments in nucleonic field. Manufacturers of close circuit television equipment and emulsifying machines. 200 employees.
1965 The musical instruments subsidiary had had a good year; Burndept Electronics, maker of marine beacons, had been returned to profit as had Royston Instruments; the battery business had started making battery manufacturing plant. Acquired Nickols Automatics, maker of controls for machine tools.
1967 Receiver appointed after losses and unsuccessful rights issue.
1968 EMI acquired Nickols Automatics, probably the most attractive part of the group and then purchased the Precision Electronic Terminations subsidiary. The Vidor and Burndept battery subsidiaries were sold to Crompton Parkinson. The Midas flight recorder business was split so that some was not sold to America.