Gloving in yeovil
Yeovil Glove Company
of the Nautilus Works, Reckleford
There is very little information available concerning the Yeovil Glove Company. That the company was extant during the Second World War is evidenced by the white leather ski mittens in my collection made by the company for the army in 1942, photographed below. After the war the company placed an advertisement in the Western Gazette's edition of 16 November 1945 seeking "Singer Pique and PXM Machines and Stands wanted" (Pique is where one edge of the leather is lapped over the other and sewn, while PXM was a variation of the outseam, made on a special machine, in which the stitches run horizontally). Certainly by 1945 the company had a second glove factory at Charlton Adam.
The company was a Listed Exhibitor at the 1947 British Industries Fair where they were described as "Manufacturers of Ladies' and Gentlemen's Leather Lined and Unlined Gloves; also Fur and Furback and Novelty Gloves and Real Hogskin Gloves". The company's address was given as Nautilus Works, Reckleford, Yeovil, Somerset. Telephone: Yeovil 484. Cables: "Quicgloves". The fair was held at Olympia and Earls Court, London, from 5 to 16 May, 1947 and the Yeovil Glove Company exhibited at Earls Court, 1st Floor, Stand No. 446a. The event was organised by the Export Promotion Department of the Board of Trade.
The Yeovil Glove Company Limited went into liquidation in 1965 and has since become a leading UK insolvency law case (United Kingdom insolvency law regulates companies in the United Kingdom which are unable to repay their debts).
The case concerned voidable floating charges for past value. Holding that a floating charge can harden when it secures a debt in an overdraft account, when the bank keeps the facility open as a company takes money out and puts money in. The liquidator of Yeovil Glove Company Limited sued National Provincial Bank Ltd to rescind a floating charge taken within 12 months before insolvency. The bank's floating charge was to secure Yeovil Glove's overdraft, which (on top of debts of £94,000 to other unsecured creditors) had grown to £67,000 when the bank took fixed security and then as money was still unpaid, a floating charge. Over the next year, Yeovil Glove paid £111,000 and drew out (through cheques written to other people that the bank was honouring) £110,000. At the time the Insolvency Act 1986 section 245 (formerly Companies Act 1948 section 322) read that a floating charge was voidable ‘except to the amount of any cash paid to the company at the time of or subsequently to the creation of, and in consideration for, the charge.’ The bank contended that because more money had been paid out of the account than was covered by the charge (albeit that new debts were run up) the charge was not voidable. As in Clayton's case, money going into an account is presumed to discharge the last debt first. So money had been advanced to the company to a greater extent than the charge, and the turnover of money converted the old value given into new value.
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From my collection
Leather ski mittens produced for the army in 1942. White leather mittens with cotton cuff and adjustable elasticated draw string in the wrist with a white cotton webbing strap between the mittens to prevent loss when they are taken off, the strap passes inside through the sleeves of a coat when worn. As worn by ski troops, commandos etc., Dated 1942 Yeovil Glove Company Ltd.
From my collection
Stamps inside the gloves are of the Yeovil Glove Company at left and the War Department's 'WD' and broad arrow at right.
Workers of the Yeovil Glove Company during the 1950s in a photograph published in the Western Gazette.
Courtesy of Jack Sweet
Around 1953 the BBC visited the Yeovil Glove Company to record a programme of "Down Your Way" for the BBC Home Service. This photograph shows Mr Hillard of the Yeovil Glove Company explaining the glove making process and products to the BBC's interviewer and programme host, Richard Dimbleby.