Foundations of the company
The founding of Hortons can be traced back to Isaac Horton, who was born in 1821. He used income generated by his family’s provisions, butchery and cheese factoring concerns to create a substantial property and provisions business.
Upon his death, the provisions business was left to his eldest son, John, and the residue of his Estate was split between his remaining six sons. In 1892, when the youngest son turned 21, Hortons’ Estate Ltd was incorporated, with each son owning one share. The Estate was then
valued at £600,000 with mortgages totalling £160,000.
Since then, Hortons has remained family owned and run, and has continued to develop its property portfolio within the West Midlands region, while expanding further into hotels, brewing, commercial and retail development. In 2008, the company’s net assets were valued in excess of £190m.
Although he started his professional life running a provisions and pork butchery business in Lichfield, Isaac Horton soon set about building a substantial property business. He acquired various ground leases in the West Midlands, demolishing the old buildings and erecting new shops and office blocks. Isaac foresaw the impact the railways would have on visitors to Birmingham and he built the Midland Hotel in New Street and the Grand Hotel in Colmore Row, both located near to the main Birmingham stations of New Street and Snow Hill.