Pressed Steel Company & The Man Called Intrepid

[Alchemistoxford]

Pressed Steel began as a joint venture between William Morris and the Budd Company financed by a US bank. However, Morris was soon ejected by the UK courts. In 1935, Pressed Steel went public and Sir William Stephenson, who would become known as "The Man Called Intrepid," acquired the majority of the stock from Budd for a sum of $13 million. Wikipedia and other online sources seem to be oblivious to Stephenson's role in the history of Pressed Steel, but that is not really all that surprising. While this transaction is reported in many books about Stephenson, there is little information about his management of the company during the years he owned it. If anybody knows the details of what the company did from 1936 until Stephenson sold his share in it, I would consider that to be a very welcome addition to the history of this amazing company.

[SV8Predator]

Alchemistoxford said:

However, Morris was soon ejected by the UK courts.

And what for, pray tell, was Morris ejected by the UK courts for?

I've read, and re-read your post, and I still do not understand it.

[Alchemistoxford]

SV8Predator - Thanks for your reply, but the reason Morris lost his standing in court has nothing to do with my question. According to the Wikipedia article on Pressed Steel, the two founders: William Morris and Edward Budd disagreed, and the high court decided in favor of Budd in 1930. Their disagreement apparently had something to do with Morris not being able to fulfill his contract with Budd to provide steel sheets of a certain width. After the adverse court ruling, Morris stockholders left the company. By 1936, the company was having futher difficulties - and Sir William Stephenson stepped in and purchased the majority of the stock for $13 million. I am curious about the management of Pressed Steel after Sir William Stephenson acquired control in 1936. I would like to know what companies were clients of Pressed Steel under Stephenson's management. There are several biographies of Stephenson that report his acquisition of the majority position in Pressed Steel, but nothing I read have provided any information about the companies that were clients of Pressed Steel. If you can provide any information about the bodies built by Pressed Steel in the years when Stephenson owned it (1936-1946?) that would be appreciated.