Matthew
Boulton was born in 1728, the son of a wealthy toy manufacturer in Snow
Hill. This background and his father's success undoubtedly helped him
in establishing his business and the success which he achieved.
At the
age of seventeen he produced inlayed buckles and buttons of a type
which he invented and exported to France. Matthew Boulton's father
encouraged him to manage his already flourishing business and the
concept behind the success was based upon the principle of building a
business which would encompass the entire manufacturing process as well
as the marketing. Most companies at the time would just specialise in
their own area of expertise rather than attempt to run the entire
process.
This
required a move to larger premises at the Sarehole Mill in Hall Green
in 1755. It was here that they produced sheet metal. After his father
died in 1759 Matthew Boulton moved the business to Soho and nearer to
the jewellery quarter. It was here that his ambitious plans were
realised and the world famous Soho Manufactory was built at a huge cost
of £10,000. Three storeys high with workshops, showrooms, offices and
stores and with accommodation for its workers it was an impressive
sight. At its completion in 1765 it was a major attraction and an icon
of the Industrial might of the great manufacturing empire that he had
created. Soho House which was near the
site of the manufactory still stands and acts as a museum and testament
to his achievements.
Matthew
Boulton was a model employer in much the same way as GeorgeCadbury. A visionary
who found no shortage of workers, employing the best craftsman and
staff and producing goods of quality at the right price.
Matthew
Boulton and his association with the brilliant James
Watt is well known. Boulton and Watt entered into a
partnership in 1774 and are forever recorded in history as one of the
most important partnerships of the Industrial Revolution. After
extending the patent through parliament the condensing steam engine was
operating within two years. With a monopoly secured the Watt engines
became world renowned.
Not
content with his achievements Matthew Boulton used modern manufacturing
methods to revolutionise coinage. The quality and detail in the new
coins encouraged the British Government to place an order for 45
million new penny and two penny pieces. Further orders followed,
forgery was now much more difficult and coinage entered a new age.
Matthew
Boulton died in 1809 and without his leadership and direction the
business declined and the manufactory was demolished in 1848. Without
doubt, Matthew Boulton was one of the leading Industrialists of his age.