Yarrow Shipbuilders [SEP] industry
Yarrow Shipbuilders
Yarrow Shipbuilders Limited (YSL), often styled as simply Yarrows, was a major shipbuilding firm based in the Scotstoun district of Glasgow on the River Clyde. It is now part of BAE Systems Surface Ships, owned by BAE Systems, which has also operated the nearby Govan shipyard (formerly Fairfields) since 1999.
History.
History Origins in London.
The company was founded by Alfred Yarrow, later Sir Alfred Yarrow, 1st Baronet, in the year 1865 as Yarrow & Company, Limited. Originally
combined order book at the time worth £87m.
Collapse of UCS.
In June 1971, the loss-making Upper Clyde Shipbuilders went into receivership (only one yard of the five, Yarrow Shipbuilders Ltd, remained profitable but had left the joint venture in April 1970). In February 1971, in the wake of the emergency nationalisation of Rolls-Royce Limited, the then Conservative government under Edward Heath and the Secretary of State for Trade and Industry, John Davies, announced a policy that refused further state