The formation of a limited company was achieved on 17th May 1935.
The original partnership business became a limited company at the advice of the inspectors and auditors. The outstanding debts were discharged with a cash sum and 3% redeemable preference shares, the main shareholders now making up the company creditors and family members.
Thus a new era of “George Houlton & Sons, Ltd.” began, with George Junior and John as managing directors. George Senior visited the office daily until his death in 1938 aged 84. As a mark of respect the subsequent Holderness Hunt meeting was cancelled.