- Title Pages
- About the Author
- Frontispiece
- Acknowledgements
- Figure and Tables
- Introduction: The Growth and Dissolution of a Large-scale Business Enterprise: The Furness Interest, 1892-1919
-
Chapter 1 Furness' Shipping Services: Growth by Organic Means in the 1880s -
Chapter 2 The 1890s: Furness Withy's Expansion by Acquisition and Promotion -
Chapter 3 Diversification into the Industrial Sector, 1895-1901 -
Chapter 4 Trouble on the Transatlantic Route: The Formation of the IMM and Furness' Response -
Chapter 5 The Growth of Shipping Services, 1902-1909 -
Chapter 6 Industrial Operations and Performance, 1900-1914 -
Chapter 7 The Growth of the Shipping Interests, 1910-1919 -
Chapter 8 Structure -
Chapter 9 Finance -
Chapter 10 Holding Company Investment Activities and Intermediary Operations -
Chapter 11 Personnel -
Chapter 12 Furness -
Chapter 13 Dissolution -
Appendix 1 Deployment of the Combined Fleet, 1900-1919 -
Appendix 2a Patterns of Ownership: The Furness Group, 1919 -
Appendix 2b Reorganization of Branch Offices and Superintending Departments, 1911-1912 -
Appendix 3a Fluctuations in Freights, Profits, Tonnage Afloat and Merchant Shipping Output -
Appendix 3b Output of Merchant Tonnage (Excluding Warships), 1892-1913 -
Appendix 3c Fluctuations in the Price of a 7500-ton Cargo Steamer, 1898-1913 -
Appendix 4 Development of the Furness Group: Principal Promotions, Acquisitions and Divestments, 1880-1919 -
Appendix 5 Northern Allies and Maritime Associates -
Appendix 6: Contemporary Accounting Law and Conventions, 1845-1914 -
Appendix 7 Lord Furness' Movements, 1899-1912 - Bibliography
Finance
Finance
- Chapter:
- (p.249) Chapter 9 Finance
- Source:
- The Growth and Dissolution of a Large-Scale Business Enterprise
- Author(s):
Gordon Boyce
- Publisher:
- Liverpool University Press
This chapter explores Furness Withy’s financial structure and performance, data that offers insights into the policies of a firm operating solidly while the shipping industry and British business in general went through a period of substantial modification. It provides analysis of Christopher Furness and his successors strategies when attempting to attract capital. It devotes particular attention to how chief decision makers developed communication strategies and adapted information channels to secure funds. It also considers the financial aspects of running a family business, and the balance between relying on profit and outside money to support growth, and paying dividends and reinvesting profits. The conclusion states that Furness had a particular fundraising system that involved inter-related elements - a mixture of personal commitments, long-term supporters, risk/reward strategies, and the preservation of personal control. It was after his death that the shift from personal to corporate financial operations took place, though he attempted to instigate this shift during his lifetime.
Keywords: Maritime Economics, Family Shipowning, Shipping Profit, Maritime Fundraising, Corporate Finance, Furness Withy
Liverpool Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.
- Title Pages
- About the Author
- Frontispiece
- Acknowledgements
- Figure and Tables
- Introduction: The Growth and Dissolution of a Large-scale Business Enterprise: The Furness Interest, 1892-1919
-
Chapter 1 Furness' Shipping Services: Growth by Organic Means in the 1880s -
Chapter 2 The 1890s: Furness Withy's Expansion by Acquisition and Promotion -
Chapter 3 Diversification into the Industrial Sector, 1895-1901 -
Chapter 4 Trouble on the Transatlantic Route: The Formation of the IMM and Furness' Response -
Chapter 5 The Growth of Shipping Services, 1902-1909 -
Chapter 6 Industrial Operations and Performance, 1900-1914 -
Chapter 7 The Growth of the Shipping Interests, 1910-1919 -
Chapter 8 Structure -
Chapter 9 Finance -
Chapter 10 Holding Company Investment Activities and Intermediary Operations -
Chapter 11 Personnel -
Chapter 12 Furness -
Chapter 13 Dissolution -
Appendix 1 Deployment of the Combined Fleet, 1900-1919 -
Appendix 2a Patterns of Ownership: The Furness Group, 1919 -
Appendix 2b Reorganization of Branch Offices and Superintending Departments, 1911-1912 -
Appendix 3a Fluctuations in Freights, Profits, Tonnage Afloat and Merchant Shipping Output -
Appendix 3b Output of Merchant Tonnage (Excluding Warships), 1892-1913 -
Appendix 3c Fluctuations in the Price of a 7500-ton Cargo Steamer, 1898-1913 -
Appendix 4 Development of the Furness Group: Principal Promotions, Acquisitions and Divestments, 1880-1919 -
Appendix 5 Northern Allies and Maritime Associates -
Appendix 6: Contemporary Accounting Law and Conventions, 1845-1914 -
Appendix 7 Lord Furness' Movements, 1899-1912 - Bibliography
