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Andrew Yule and Company of Calcutta and George Yule and Company of London were founded in the 1860s by Andrew and George Yule. The main business was the merchant house in Calcutta for which George Yule and Company acted as the London agency. In September 1911 George Yule and Company established a credit account with Morgan Grenfell and Company and the link between the businesses was further established in 1916 when Sir David Yule proposed that Morgan Grenfell and Company take over both Andrew Yule and Company and George Yule and Company. Thomas Catto was approached to run the firms and in 1920 George Yule and Company became Yule, Catto and Company Limited. Andrew Yule and Company also became Andrew Yule and Company Limited. Morgan Grenfell and Company held shares in Yule, Catto and Company Limited until 1934 when they were sold to individual partners in Morgan Grenfell and Company.
The company had various City addresses: 8 Leadenhall Street 1871; 81 & 82 Palmerston Buildings, 9 Bishopsgate 1872-88; 19 Great Winchester Street 1889-1907; Finsbury House, Blomfield Square 1908-30; and 7 Great Winchester House 1931-6.