Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 148,406 pages of information and 233,863 images on early companies, their products and the people who designed and built them.
1872 The Phoenix Works in Sheffield was taken over by Thomas Hampton and Mr. Radcliffe, changing its product base, and its name to the Phoenix Bessemer Steel Works, making steel through the use of the Bessemer process.
1875 The company failed and the assets were purchased by Henry Steel, Senior with William Peech and Mr. Hampton. The price paid for the establishment, tools, and plant, was something under £50,000. A limited company was formed with a capital of £70,000. The new company became known as Steel, Peech and Hampton, taking its name from those of the directors.