Maughold Head Mining Company
| Company type | Iron Ore, Hematite |
|---|
The Maughold Head Mining Company was a mining company formed to explorate around the area of Maughold Head on the Isle of Man.[1][2] The company's registered offices were at 30, John St, Bedford Row, London.[2][1]
History
The company was formed with the intention of working two important
The company comprised a called up capital of £25,000 in the form of £2 shares. The directors of the company included Thomas Hazledine, who also had an interest in mining ventures inHowever the yield realised from the mine workings never compared to that of the company's prospectus and in February 1874, less than a year after its inception, the Maughold Head Mining Company went into liquidation. Despite its operations being confined to the Isle of Man the Maughold Head Mining Company was never registered on the Isle of Man under the Companies' Act.[3] The company remained in liquidation for a considerable time, the winding up being unable to be undertaken on the Isle of Man as the company was registered in the United Kingdom, a completely separate jurisdiction.
A protracted litigation of the creditors against the company continued finally being settled in 1881 following which the company was wound up.[4]
References
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