Union Discount Company of London Ltd

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Union Discount Company of London Ltd

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        In 1885 the General Credit and Discount Corporation of London Limited amalgamated with the United Discount Corporation Limited to form the Union Discount Company of London Limited. It soon became the largest London discount house in terms of turnover and deposits; a position it held until the 1980s. In 1891 it acquired the discount houses of Harwood Knight and Allen, and Green Tomkinson and Company. An office in Edinburgh was opened in 1975. The company became the Union Discount Company of London PLC in 1994.

        The company was based at 38 Lombard Street (1885-90) and 39 Cornhill (1890-). In 1973-9 the company moved temporarily to 78-80 Cornhill while its main offices were undergoing renovation work.

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