Business: Tate & Lyle and Tate Essay

Submitted By hinaimran786
Words: 3100
Pages: 13

TASK 1
When Henry Tate was 13, he became a grocer's apprentice in Liverpool. After a seven-year apprenticeship, he was able to set up his own shop. His business was successful, and grew to a chain of six stores by the time he was 35. In 1859 Tate became a partner in John Wright & Co. sugar refinery, selling his grocery business in 1861. By 1869, he had gained complete control of the company, and renamed it as Henry Tate & Sons. In 1872, he purchased the patent from German Eugen Langen for making sugar cubes, and in the same year built a new refinery in Liverpool. In 1877 he opened a refinery at Silvertown, London, which remains in production. At the time, much of Silvertown was still marshland.[1] Tate was a modest rather retiring man, well known for his concern with workers’ conditions. He built the Tate Institute opposite his Thames Refinery, a bar and dance hall for their recreation.[2]
Tate rapidly became a millionaire, and donated generously to charity. In 1889 he donated his collection of 65 contemporary paintings to the government, on the condition that they be displayed in a suitable gallery, toward the construction of which he also donated £80,000. The National Gallery of British Art, better known as the Tate Gallery, was opened on 21 July 1897, on the site of the old Millbank Prison.
Tate made many donations, often anonymously, and always discreetly. He supported "alternative" and non-establishment causes..
Tate was made a baronet in 1898, the year before his death. He had refused this knighthood more than once until - after he had spent £150,000 to build the Millbank Gallery, endowed it with his personal collection, and presented it to the nation - he was told the Royal Family would be offended if he refused again.[3]
In 1921, after Tate's death, Henry Tate & Sons merged with Abram Lyle & Sons to form Tate & Lyle.[4]
In 2001, a blue plaque commemorating Sir Henry was unveiled on the site of his first shop at 42 Hamilton Street, Birkenhead. In 2006 a Wetherspoons pub in his home town of Chorley was named after the sugar magnate.

INTRODUCTION
This presentation is an analysis of the sugar company, Tate and Lyle in this I will aim to investigate the variety of ratios, which help understand the business nature and it’s success. The presentation demonstrates how effective ratios are when analyzing the business entity.
I will Identify the purposes of different types of organization and the different sectors of the economy.
Founded in 1921 with the merger of henry Tate and son’s and Abram Lyle and son’s to form Tate and Lyle.

Task1:
1.1: There are many different types of organizations and sectors of the economy. One organization is travel and tourism business environment. Travel and tourism organizations operate in a very dynamic business environment. Every day new travel companies are set up, new holiday products launched and new destinations promoted to visitors. Unit 1 demonstrated that travel and tourism is a very wide ranging sector, made up of many different component industries. In the first section of this unit we investigate the different types of organizations operating in the travel and tourism business environment, starting with public sector bodies.
The term ‘public sector’ refers to services provided for the population that are financed from public money, such as education, the police, libraries, refuse collection and leisure/tourism facilities. Public sector travel and tourism organizations play an important role in helping to promote destinations and provide a range of services to encourage tourism development, such as grants to start new businesses and advice on marketing, finance, IT, etc. Unlike the private sector, public sector bodies are not primarily concerned with making a profit, but have wider social and economic aims, such as creating jobs through tourism and improving tourist facilities for visitors and local people.

Public sector travel and tourism…