New Owner
Mr. A B Roemer dies at the age of 65.
Mr Roemer’s sole named Heiress of his estate is neither able, nor willing to take over the business.
On the 9th of August, Mr Howard Verrinder buys all shares and the business as a running concern. He becomes the sole director of Roemer’s Cutlery and Grinding Works (Pty) Ltd.
Mr Verrinder loans the company £150 to pay off all creditors and resolves to embark on a conservative advertising campaign to develop the business on sound and progressive lines.