Ariel Motorcycles: Components Ltd., Birmingham, £1 ordinary shares, 1911
Components Ltd., £1 ordinary shares, 1911, black, capital £145,000, very fine. Founded in 1902 as a reconstruction of Cycle Components Manufacturing Co. Located in Bournbrook, Birmingham. Made components for cycles and motorcycles and later owned the Ariel Cycle Company which made the Ariel motorcycle and small motor cars.
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