In 1854, Charles Frederick Beyer and Richard Peacock founded Beyer, Peacock & Co, a mechanical engineering company. Their works were at Gorton, east of Manchester. A legal partnership was formed between Charles Frederick Beyer, Richard Peacock, and Henry Robertson, a sleeping partner which took effect from 1 January 1855. In the early days of the company it was the partners who managed the affairs of the company. Beyer acted as Chief Engineer with control over the Drawing Office and Works, Peacock as Commercial Manager handled the commercial side of the business, and Robertson acted as Financial Advisor. Under the Chief Engineer were the Chief Draughtsman and the Works Manager. An accountant was also employed. In July 1855 the first locomotive engine left Gorton. It was made for the Great Western Railway Company and was used on the Paddington to Oxford route. Between 1854 and 1868 Beyer, Peacock built 844 locomotives, of which 476 were exported. The company sold mainly to the colonies, South Africa and South America, but never broke into the North American market. In 1883 the company was incorporated as a private limited company and renamed Beyer, Peacock & Co Ltd, with registered offices at 34 Victoria Street, Westminster. In 1902 the company became a public limited company, Beyer, Peacock & Co (1902) Ltd. (The (1902) was dropped the following year). In 1908 the registered offices were moved to Gorton and the new London office was at 14 Victoria Street, Westminster. In 1919 the London offices were given up and then in 1923 new premises were acquired at Abbey House, London. During WWII the registed offices were moved to Flore Manor in Northamptonshire. In 1956 the London offices of the company were moved from Abbey House to Locomotive House, Buckingham Gate. One of Beyer, Peacock's most successful locomotives was an articulated locomotive called the Garratt. Its designer, H. W. Garratt, had a wide knowledge of locomotive design and construction from his work in various countries including Argentina and Cuba. In 1908 Garratt was granted a patent. Beyer, Peacock had sole rights of manufacture in Britain. In 1928 the patents ran out and the company began to use the name Beyer-Garratt to distinguish their locomotives. During WWI Beyer, Peacock began to manufactire artilliery and in August 1915 Gorton Works was put under Government control with production switching almost entirely to the war effort, especially heavy field artilliery. During WWII the company was again brought under government control but continued to build locomotives throughout the war. Beyer, Peacock was faced with competition from tramways and electric railways. They began to look for alternatives so that they were not dependent on one product. In 1932 they acquired Richard Garratt Engineering Works Ltd who made steam traction engines, steam road lorries, and agricultural equipment. In 1949 Metropolitan-Vickers, Beyer, Peacock Ltd was formed which was jointly owned by Metropolitan Vickers and Beyer, Peacock. The company was created to build locomotives other than steam. By 1953 Beyer, Peacock had acquired the following subsidiary companies: Denings of Chard, makers of agricultural machinery; Theramic Ltd, makers of theramic siphons for locomotives; Maiuri Refrigeration Patents, Low Temperature Developments Ltd, and some other companies concerned with sales, such as Rail Traction Supplied Ltd. In 1957 Beyer, Peacock acquired Anti-attrition Metal Co and in 1958 Air Control Installations Ltd. In this year Beyer, Peacock (Hymek) Ltd was formed. The late 1950s saw a rapid transformation in locomotive manufacture. In 1955 British Rail decided to switch from steam to diesel and overseas users followed suit. Beyer, Peacock all but closed down the Gorton plant at the end of 1958. They had chosen to make diesel-hydraulics but British Rail opted to use diesel-electrics. In 1960 Beyer, Peacock’s subsidiary companies became members of the Beyer, Peacock Group and Beyer, Peacock Co. Ltd became the holding company. In 1966 all production ceased at the Gorton foundry. Shares in Beyer, Peacock were eventually bought by National Chemical Industries Ltd and in 1980 Beyer, Peacock and Co. Ltd became a dormant company. The name was resurrected in the 1990s as a trading name, based in Devon.

In 1890 the Department of Works and Railways was separated into the Department of Works and Buildings and the Western Australian Government Railways (WAGR). Its headquarters were located in Perth. The network had stations in Perth, Kelmscott, Cannington and Welshpool. These lines were primarily opened to service the wheatbelt – an area which reaches north from Perth to the Mid-West region, and east to the Goldfields-Esperance region. In 1914 the function of tramways was added and the Department's title changed to Western Australian Government Railways and Tramways. The Western Australian Government Railways, Tramways & Ferries was abolished in 1949 and its functions dispersed into two new bodies, Western Australian Government Railways (WAGR) and Western Australian Government Tramways & Ferries. In September 1975, the WAGR adopted the trading name Westrail and created a logo. However, the official name of the WAGR was not changed at this point. The name Westrail was created simply to improve the company’s image. The new company headquarters were the Westrail Centre in the Perth terminal. On 17 December 2000, the Western Australian Government Railways (WAGR) freight division was sold to the Australian Railway Group along with the Westrail name and logo. The WAGR continued to operate as the Western Australian Government Railways Commission, until it was absorbed by the Public Transport Authority in 2003.

Associated Electrical Industries (AEI) was formed in 1928 as a financial holding company for a number of leading electrical manufacturing and trading companies in the United Kingdom. The two major constituent companies were British Thomson-Houston (BTH) based at Rugby, (Mill Road Works) and Metropolitan-Vickers Electrical Company Ltd (Metrovicks) situated at Trafford Park, Manchester. However, fierce rivalry existed between the Metrovick and BTH brands resulting in internal competition and duplicated management. This was highlighted during the Second World War in 1939, when Metrovicks and BTH became the first two firms in the world to construct jet engines (independently from each other). Following the Second World War, in 1954, AEI expanded to consist of BTH, Metrovicks, Edison Swan Electric Co, Ferguson Pailin, Hotpoint Electric Appliance Co, International Refrigerator Co, Newton Victor, Sunvic Controls, Premier Electric Heaters, Siemens Bros (1955) and Birlec (1954). In 1959 AEI decided to remove the familiar brands of BTH and Metrovicks and consolidate both as AEI resulting in internal problems and a fall in sales and market value. However, AEI acquired a variety of companies from 1959 to 1967, these included Associated Insulation Products, W. T. Henley’s Telegraph Works Co (1958), and London Electric Wire Co and Smiths (1958), Submarine Cables, Hackbridge Holdings Ltd., The Lancashire Dynamo and Crypto Ltd., W.T. Avery Ltd., Henley and Schreiber. The General Electric Company bought AEI in 1967.

During the First World War the government had taken control of the railways to co-ordinate the war effort. After the war ended it was decided that the railway companies could not competitively return to their prior state, and so the 120 existing railway companies were combined into four companies, which became known as the ‘Big Four’’. The London Midland and Scottish Railway, also known as the LMS, was founded on 1 January 1923. The London and North Western Railway (LNWR), Midland Railway (MR), Lancashire and Yorkshire Railway (LYR), North Staffordshire Railway (NSR), Highland Railway (HR), Furness Railway (FR), Glasgow and South Western Railway (G&SWR) and Caledonian Railway (CR) were merged. These eight large constituent companies were joined by 27 other smaller subsidiary railways. The LMS covered the Western half of the country, stretching from the London and the Midlands, through Yorkshire, Lancashire, and up to Scotland. In all the LMS had a total of 7,790 miles of track, which made it the largest railway of the Big Four. The London termini of the LMS were St. Pancras and Euston stations and it had works at Crewe, Horwich, Wolverton and Derby amongst other locations. In 1934 the LMS moved into a new headquarters at Euston House on Seymour Street (later renamed Eversholt Street) in London. Charles Napier Lawrence, 1st Baron Lawrence of Kingsgate was the first appointed chairman of LMS, he had previously been the chairman of the LNWR between 1921-1923. He was chairman of the LMS for one year, and was succeeded by Sir Guy Granet. The management structure was headed by a chairman and a deputy chairman, there was a board of directors that had initially had 20 members, made of men who previously worked for the constituent companies. The first General Manager was Arthur Watson from the LYR. There was a Deputy General Manager for Scotland, a post first held by D.A. Matthieson, formerly of the CR. J.H. Follows, from the Midland Railway, was the first Chief General Superintendent and S.H. Hunt, formerly of the LNWR, was the first Chief Goods Manager. The post of Chief Engineer was initially held by E.F.C. Trench, formerly employed by the LNWR. The first Chief Mechanical Engineer was G. Hughes from the LYR and his deputy was Sir Henry Fowler, from the Midland Railway. The management structure was re-organised from January 1926 and an Executive was set up, Sir Josiah Stamp was the first President of the Executive. From January 1927 four Vice-Presidents were appointed to replace the general managers on the Executive committee. The line was divided up for operational management into three geographical divisions, which were called Western, Midland and Northern. Each division was overseen by a General Superintendent who reported to the Chief General Superintendent. The main line of the LMS ran from London Euston to Wick over 729 miles. The LMS ran a number of joint railways with the London & North Eastern Railway and the Southern Railway. It ran the Cheshire Lines Committee, the Midland and Great Northern line between Peterborough, the Norwich and Lowestoft and the Manchester, South Junction and Altrincham suburban line with the London & North Eastern Railway. It also joined forces with the Southern Railway to run the Somerset and Dorset line between Bath, Burnham and Bournemouth. The LMS undertook a limited programme of electrification, mainly focusing on suburban lines in London and Manchester. The LMS owned many hotels, including the Queen’s Hotel in Leeds and the iconic Art Deco Midland Hotel at Morecombe Bay. The LMS also ran passenger steamers from Holyhead, Heysham and Stranraer over the Irish Sea to Northern Ireland and the Republic of Ireland. Following the 1947 Transport Act which nationalised the railways, the concerns of the LMS were taken over by the Railway Executive as part of the British Transport Committee. Within the Railway Executive, British Rail: London Midland Region assumed responsibility for the LMS’s former area of operations.