United Kingdom insolvency law regulates companies in the United Kingdom which are unable to repay their debts. While UK bankruptcy law concerns the rules for natural persons, the term insolvency is generally used for companies formed under the Companies Act 2006.
The paragraphs that follow have been revised & re-revised over the years as new data has been located. They surely will now need further revision to incorporate data published in 'A & P News', the employee magazine of Austin & Pickersgill Limited, specifically in issue No. 15, of Jul. 1977.
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The page in 'Where Ships Are Born' states that John commenced a shipbuilding business at North Sands in 1859. That date may well be incorrect, however, since this fine page, dating from 1891, references him (about 30% down) as being a builder at that location nine years earlier, in 1850, when John was just 18 years old only.