That is a difficult question to answer but let me try....
"Hoblyn" or "Hoblyn's" or "The Limping Monarch" is a trading name synonymous with the City of London for 136 years. In 1974 the partnership "Hoblyn & Co" was the largest casualty of the '74 slump being the largest firm on the Stock Exchange in London to cease trading on a voluntary basis. With the Tower Block being completed c.1972 "Hoblyn's" moved into 2 floors paying £170,000 per floor in rent. With income tax bands approaching equivalent 98p in the £1 and a surcharge to boot it became abundantly clear to the partners (of around another 50 firms during that period as well)that the writing on the wall was imminent so the firm ceased in October of '74. But the "Limping Monarch" awakens as the latest global markets crunch unwinds and brings a few gentle reminders to how Capital Markets should operate.
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