Royex+Surplus+(No.13)+Limited

=Royex Surplus (No.13) Limited=

Company Number: SC000347 Date of Incorporation: 28 February 1871 Contact Details: 13 St Andrew Square, Edinburgh 2 Operating Details: Dissolved (dissolved in 1996, last traded in 1995) Other names (if known): Caledonian Insurance Company (1825- 1950s?) Guardian Mortgage Company Limited (1950s?-1996) Function of Company*: Non-trading company (7499), previously (probably-see below) insurance, including life insurance (6601) then mortgage finance (6522) Headquarters/Base of Operations Location: Edinburgh Area of Operation: Across Scotland and the UK, and operated in North America and Australia for a period. The most recent incarnation of the company was active in Northern Ireland


 * Taken from Standard Industrial Classification 2003, as used by Companies House in 2010

Records
Held By: London Metropolitan Archive CLC/B/107-06

Scope/type: Caledonian Insurance Company records comprise minutes and agendas, as well as overseas report books 1834-1963

Conditions governing access/use: Please contact LMA, these records require notice to retrieve.

Related records: GD 294 in NAS relates to Caledonian Insurance Company. The companies it amalgamated with have their own entries in the National Archives of Scotland BT2 series (Edinburgh Fire BT2/769, Scottish Fire (which was registered as two companies) BT2/173 & 175, Scottish Metropolitan Fire Assurance BT2/952)

Company History
I believe this company refers to at least part of the Caledonian Insurance Company. The dates of other records match this one, and no other Companies House number matches the company.

The Caledonian Insurance Company was established in Edinburgh in 1805. Its initial business was fire insurance. It also dealt in life assurance from 1833. It opened offices in London in 1840 at 27 Moorgate. This office moved to 39 Lothbury in 1863, then to 82 King William Street in 1882, to 51 Coleman Street in 1926 and finally to 5 Lothbury in 1927. Business was established in the United States of America and Australia from the 1890s. It amalgamated with Edinburgh Fire, Scottish Fire and Scottish Metropolitan Fire in the late 19th century and became a subsidiary of Guardian Assurance Company (CLC/B/107-01) in 1957, having seemingly been on the brink of a merger with Standard Life in 1950.

For more information on the history of the Caledonian Insurance Company please see the online history of Caledonian Insurance, A History of a Hundred Years; 1805-1905

At some point (possibly 1957-1967) the company appears to have become the Guardian Mortgage Company, though it kept its Scottish registration number. By the Second World War the Guardian Assurance Company held some 40% of its assets in mortgages, so it would appear logical to have made provision for these assets. It may be that the company occupied the same position as the Heritable Securities and Mortgage Investment Association did at Standard Life, first offering mortgage assurance to the public and then becoming an instrument for staff mortgages. In 1968 Guardian Assurance merged with Royal Exchange to form Guardian Royal Exchange Assurance. In 1999 the business was merged with AXA of france, and the life assurance end of the business was taken over by AEGON. At some point in the mid-1990s the name of the above company was changed (indicating that it was no longer required by the business) at approximately the same time as 20 other subsidiaries of Guardian Royal Exchange.

[]

Thanks and acknowledgement to the London Metropolitan Archive for their permission to use these holdings