Portals is a British papermaking company that has had two distinct existences as an independent business, from 1711 to 1995, and from 2018 onwards. It has been variously known as Portals Limited, Portals Paper Limited, and Portals De La Rue Limited, and currently as Portals International Limited. The present company, based at Bathford, Somerset, specialises in paper for banknotes and other security applications such as passports.
Between 1711 and 1995, the company was owned by the Portal family. The family went on to become major landowners, and were involved in the development of the London and South Western Railway. In 1901 the Portal baronetcy was created for the head of the family. [1]
The business was founded in 1711 by Henri de Portal (1690–1747), a Huguenot refugee from Poitiers in France, who had come to England as a child with his father. Before the arrival of the Huguenot immigrants, most of Britain's paper requirements had been imported, but in 1686 a paper mill was established at South Stoneham using Huguenot expertise, and Henri found employment there. Whilst there, he made the acquaintance of William Heathcote, who assisted him in the acquisition, in 1710, of the lease of Bere Mill, near Whitchurch in Hampshire. In 1711, he founded the Portal papermaking business there, and became a naturalised British subject, taking the name Henry. [2] [3] [4]
The papermaking business was successful, and in 1718 Henry leased the nearby Laverstoke Mill in order to expand the business. Laverstoke Mill would be the headquarters of the business for the next 200 years and more. In the 1720s the Bank of England was looking for a supply of improved paper for its banknotes; it so happened that William Heathcote's uncle, Gilbert Heathcote, was the Governor of the Bank of England during this period, and Henry Portal obtained the contract to supply this paper. [2] [3] [5]
In 1860, Portals won the contract to produce the paper for the Indian rupee, and in 1880 for the first postal orders. [1]
Portals opened Overton Mill, near Laverstoke, in 1922. Paper making ceased at Laverstoke Mill in 1963, having transferred to the nearby and more modern Overton Mill. [6] [1] In 1972, Portals acquired Bathford Mill, near Bath in Somerset, which had been producing paper since 1809. In 1995, Portals were themselves acquired by De La Rue, the banknote printers, and the name ceased to be used. In 2018, De La Rue divested its papermaking activities, and the name Portals was again used for the newly independent company, which produced paper at its sites at Overton Mill and Bathford Mill. [7] In July 2022, it was announced that Overton Mill would shut due to lack of profitability. [8]
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De La Rue plc is a British company headquartered in Basingstoke, England, that produces secure digital and physical solutions to protect goods, trade and identities in 140 countries. It sells to governments, central banks and businesses. Its Authentication division provides Government Revenue Solutions, Brand Protection and ID Security Solutions, such as polycarbonate data pages for passports. Its Currency division designs and produces banknotes, secure polymer substrate and banknote security features. This includes security holograms, security threads and security printed products for central banks and currency issuing authorities. It is listed on the London Stock Exchange. It is the world's largest commercial printer of banknotes.
Sir Gilbert Heathcote, 1st Baronet was an English merchant and Whig politician who sat in the English and British House of Commons between 1701 and 1733. He also served as the governor of the Bank of England and was Lord Mayor of London in 1711.
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The Portal baronetcy, of Malshanger, Church Oakley, in the County of Southampton, is a title in the Baronetage of the United Kingdom. It was created on 18 April 1901 for Wyndham Portal, Chairman of the London and South Western Railway Company. His son, the second Baronet, became chairman of the family's banknote paper mill company in Laverstoke, Portals Limited, which had manufactured banknote paper for the Bank of England since 1724, and deputy chairman of the London and South Western Railway Company. He was succeeded by his son, the third Baronet. He was also chairman of Portals Ltd, and served as Minister of Works during the Second World War. He was created Baron Portal, of Laverstoke in the County of Southampton, in 1935, and Viscount Portal, of Laverstoke in the County of Southampton, in 1945. Both titles were in the Peerage of the United Kingdom. Lord Portal was childless and on his death the peerages became extinct. However, he was succeeded in the baronetcy by his 84-year-old uncle, the fourth Baronet. He was President of the Trustee Savings Banks Association. On his death the title passed to his son, the fifth Baronet. He was chairman and director of Portals Ltd. As of 2010 the title is held by his son, the sixth Baronet, who succeeded in 1984.
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Wyndham Raymond Portal, 1st Viscount Portal,, was a British politician.
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