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On 3 March 1857, notice was given in the London Gazette of the dissolved partnership of Augustus Thorne and George Watson Coutts, who traded as Watson and Company, general merchants of Shanghai.
From 1865 to 1935 Thorne and Company, merchants, is listed in the London trade directories. This company, run by Augustus Thorne, conducted an export business from London to China and Hong Kong in cotton thread, and goods made from cotton, linen, hemp and wool worsted. It became a limited company in around 1892. During the 1870s, Augustus's brother, Joseph, was in partnership with John Andrew Maitland as Thorne Brothers and Company, commission agents and general merchants of Shanghai. A considerable part of the business of Thorne Brothers and Company was as an agency for Thorne and Company.
In 1876 the name of Thorne Brothers and Company was changed to Maitland and Company, and in 1890 the business was transferred to Thorne and Company, which became Thorne and Company Limited. In 1904 Thorne and Company was wound up voluntarily for the purpose of reconstruction and was reincorporated as a private company. In 1923 it became a public company. It was acquired by Haighton Dewhurst Ltd in 1959.
Thorne and Company was based at 4 Cullum Street (1865-7), 16 Mark Lane (1868-[1880]), Dunster House, Mincing Lane ([1880]-1889), 66 Old Broad Street (1890-1919), 62 London Wall (1920-6), Royal London House, Finsbury Square (1927-35). The company then moved to Manchester, and was based in Solway House, Aytoun Street until ca. 1963.