Cox & Kings
Encyclopedia
Cox & Kings is the longest established travel company in the world, its history stretching back to 1758 when Richard Cox was appointed as regimental agent to the Foot Guards
Foot Guards
-British Army:The Foot Guards are the Regular Infantry regiments of the Household Division of the British Army. There have been six regiments of foot guards, five of which still exist. The Royal Guards Reserve Regiment was a reserve formation of the Household Brigade in existence from 1900-1901...
. Cox & Kings is now an independent tour company with offices in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
. Its global headquarters are in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
.
Richard Cox, the founder
Cox was born in YorkshireYorkshire
Yorkshire is a historic county of northern England and the largest in the United Kingdom. Because of its great size in comparison to other English counties, functions have been increasingly undertaken over time by its subdivisions, which have also been subject to periodic reform...
in 1718. His father, Joshua, had made a good living as a lawyer and had moved from his birthplace in Clent
Clent
Clent is a village and civil parish in the Bromsgrove District of Worcestershire, England, southwest of Birmingham and close to the edge of the West Midlands conurbation. At the 2001 census it had a population of 2,600...
in Worcestershire
Worcestershire
Worcestershire is a non-metropolitan county, established in antiquity, located in the West Midlands region of England. For Eurostat purposes it is a NUTS 3 region and is one of three counties that comprise the "Herefordshire, Worcestershire and Warwickshire" NUTS 2 region...
to Yorkshire
Yorkshire
Yorkshire is a historic county of northern England and the largest in the United Kingdom. Because of its great size in comparison to other English counties, functions have been increasingly undertaken over time by its subdivisions, which have also been subject to periodic reform...
. He then bought an estate near Quarley in Hampshire
Hampshire
Hampshire is a county on the southern coast of England in the United Kingdom. The county town of Hampshire is Winchester, a historic cathedral city that was once the capital of England. Hampshire is notable for housing the original birthplaces of the Royal Navy, British Army, and Royal Air Force...
. Richard Cox came into the service of the English General, Lord Ligonier
John Ligonier, 1st Earl Ligonier
Field Marshal John Ligonier, 1st Earl Ligonier, KB, PC was a French-born British soldier.He was born to a Huguenot family of Castres in the south of France, and who emigrated to England at the close of the 17th century...
, as a clerk in the early 1740s. In 1747 he married Caroline Codrington, daughter of Sir William Codrington who was an established military figure.
Cox's career took off when Lord Ligonier led the Flanders
Flanders
Flanders is the community of the Flemings but also one of the institutions in Belgium, and a geographical region located in parts of present-day Belgium, France and the Netherlands. "Flanders" can also refer to the northern part of Belgium that contains Brussels, Bruges, Ghent and Antwerp...
campaigns of the War of the Austrian Succession
War of the Austrian Succession
The War of the Austrian Succession – including King George's War in North America, the Anglo-Spanish War of Jenkins' Ear, and two of the three Silesian wars – involved most of the powers of Europe over the question of Maria Theresa's succession to the realms of the House of Habsburg.The...
. In one letter sent back to London, Richard Cox makes a demand that “suitable winter provisions and housing should be made available for the three English companies” and he became entwined with logistics and the general welfare of the troops. Ligonier made Cox his private secretary in the late 1740s, went on to become the Colonel of the First Foot Guards (Grenadier Guards)
Foot Guards
-British Army:The Foot Guards are the Regular Infantry regiments of the Household Division of the British Army. There have been six regiments of foot guards, five of which still exist. The Royal Guards Reserve Regiment was a reserve formation of the Household Brigade in existence from 1900-1901...
in 1757, and rewarded Cox with the post of 'military agent' after the incumbent died in May 1758. Thus was born Cox & Co, the forebear of Cox & Kings.
There were about a dozen main agents working for the army at the time and each Regimental Colonel chose one to serve their troops. These agents arranged the payment of officers and men, organised the provision of clothing, acted as intermediaries for the buying and selling of officers' commissions and acted on any special requests from the regimental adjutant
Adjutant
Adjutant is a military rank or appointment. In some armies, including most English-speaking ones, it is an officer who assists a more senior officer, while in other armies, especially Francophone ones, it is an NCO , normally corresponding roughly to a Staff Sergeant or Warrant Officer.An Adjutant...
. Duties ranged from the shipment of personal effects to the requisition of weapons or supplies. Cox had taken on the most prestigious infantry regiment, and the 63rd Regiment and the Royal Artillery
Royal Artillery
The Royal Regiment of Artillery, commonly referred to as the Royal Artillery , is the artillery arm of the British Army. Despite its name, it comprises a number of regiments.-History:...
soon followed suit.
In 1765 Cox went into partnership with Henry Drummond, whose family ran the London bank. Cox & Drummond moved from Cox's house in Albemarle Street
Albemarle Street
Albemarle Street is a street in Mayfair in central London, off Piccadilly. It has historic associations with Lord Byron, whose publisher John Murray was based here, and Oscar Wilde, a member of the Albemarle Club, where an insult he received led to his suing for libel and to his eventual imprisonment...
to Craig's Court, just off what is now Whitehall
Whitehall
Whitehall is a road in Westminster, in London, England. It is the main artery running north from Parliament Square, towards Charing Cross at the southern end of Trafalgar Square...
. By the mid-1760s Cox & Drummond had blossomed to become agents for the Dragoons and eight more Infantry regiments. Success was built on the company’s reputation for keen attention to the welfare of its regiments. In 1763, for instance, when Robert Clive stormed the fortress of Gheria in India, Cox successfully negotiated with the East India Company
British East India Company
The East India Company was an early English joint-stock company that was formed initially for pursuing trade with the East Indies, but that ended up trading mainly with the Indian subcontinent and China...
who had 'borrowed' stores from Cox's clients, the Royal Artillery
Royal Artillery
The Royal Regiment of Artillery, commonly referred to as the Royal Artillery , is the artillery arm of the British Army. Despite its name, it comprises a number of regiments.-History:...
. He arranged to receive repayment from the East India Company by way of plunder from Gheria. He had this converted into silver in India and shipped back to London where the funds could be reunited with the Royal Artillery
Royal Artillery
The Royal Regiment of Artillery, commonly referred to as the Royal Artillery , is the artillery arm of the British Army. Despite its name, it comprises a number of regiments.-History:...
.
Back home, Cox's house on Albemarle Street (opposite the present day Ritz Hotel
Ritz Hotel
The Ritz London is a luxury 5-star hotel located in Piccadilly and overlooking Green Park in London.- History :Swiss hotelier César Ritz, former manager of the Savoy Hotel, opened the hotel on 24 May 1906...
) was famous for its parties. In addition, he was a patron of the arts, being acquainted with David Garrick
David Garrick
David Garrick was an English actor, playwright, theatre manager and producer who influenced nearly all aspects of theatrical practice throughout the 18th century and was a pupil and friend of Dr Samuel Johnson...
and other notable actors of the time, and was a founding financial investor in the rebuilding of the Theatre Royal
Theatre Royal, Drury Lane
The Theatre Royal, Drury Lane is a West End theatre in Covent Garden, in the City of Westminster, a borough of London. The building faces Catherine Street and backs onto Drury Lane. The building standing today is the most recent in a line of four theatres at the same location dating back to 1663,...
in Drury Lane
Drury Lane
Drury Lane is a street on the eastern boundary of the Covent Garden area of London, running between Aldwych and High Holborn. The northern part is in the borough of Camden and the southern part in the City of Westminster....
. He was also a generous benefactor to St George's Hospital on Hyde Park Corner
Hyde Park Corner
Hyde Park Corner is a place in London, at the south-east corner of Hyde Park. It is a major intersection where Park Lane, Knightsbridge, Piccadilly, Grosvenor Place and Constitution Hill converge...
(now the Lanesborough Hotel). The records of the family estate at Quarley show that Cox spent over £3,000 per annum running it, much of it lavished on his wife.
By 1768, Cox & Drummond was flourishing with a turnover of £345,000 per annum. During the 1770s the company continued to grow, aided by war in the American Colonies and the threat of invasion from France. Cox repeated his good fortune with business partners, taking in Mr Mair upon Drummond’s death in 1772, followed by his own son Richard Bethnell Cox in 1779 and then Mr Greenwood in 1783. It was during this time that the company expanded its banking interests, offering loans and accounts to exclusive members of London's elite. Frederick, Duke of York, introduced Cox's business partner Mr Greenwood to his father George III, as 'Mr Greenwood, the gentlemen who keeps my money'. Greenwood replied rather cheekily that, 'I think it is rather his Royal Highness who keeps my money,' to which George III burst out in laughter and said, 'Do you hear that Frederick? Do you hear that? You are the gentleman who keeps Mr Greenwood's money!'
The company was thriving by the time of the outbreak of war with France in 1793, employing some 35 clerks. In 1795 they served 14 regiments of cavalry, 64 infantry regiments and 17 militia regiments, becoming the largest military agent for the army. Richard Cox died in August 1803, leaving his grandson Richard Henry Cox firmly established, with Mr Greenwood as controlling partner.
The 19th century and onwards
Cox & Co grew through the 18th and 19th centuries. Timely alliances with the great banking families such as the Hammerlseys and Greenwoods secured an established position in London, and by the end of the 19th century most Regiments used Cox & Co as their agents. As the empire grew, Cox & Co met the demand for officers to be looked after.The company set up five branches in India between 1905 and 1911, supplementing those in Alexandria
Alexandria
Alexandria is the second-largest city of Egypt, with a population of 4.1 million, extending about along the coast of the Mediterranean Sea in the north central part of the country; it is also the largest city lying directly on the Mediterranean coast. It is Egypt's largest seaport, serving...
and Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
(1919 and 1920) and Rangoon (1921).
When the Great War began Cox & Co employed some 180 staff, of which one third joined the army. During the Great War some 250,000 men were on their books, 50,000 cheques were cleared a day and a special department was set up to deal with the influx of American soldiers in 1917. By the end of the war some 4,500 worked for the firm.
In October 1922, Cox & Co bought Henry S. King Bank
Sir Henry King, 1st Baronet
Sir Henry Seymour King, 1st Baronet KCIE was an English banker, mountaineer and Conservative politician.King was born at Brighton, the son of Henry Samuel King. He was educated at Charterhouse School and Balliol College, Oxford, where he won an oratory gold medal. He joined his father in the...
, who were had a large network in India. They also moved into new offices in Pall Mall
Pall Mall
-Places:* Pall Mall, urban downtown ares of Bendigo, Australia* Pall Mall, London, a street in the City of Westminster, London* Pall Mall, Tennessee, a small unincorporated community in Fentress County, Tennessee...
.
In 1923, Cox & Co were still suffering from the downturn in business caused by the surrender of the Germans in 1918. They were forced to sell to Lloyds Bank
Lloyds Bank
Lloyds Bank Plc was a British retail bank which operated in England and Wales from 1765 until its merger into Lloyds TSB in 1995; it remains a registered company but is currently dormant. It expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies...
.
During the 1930s, Lloyds sold their Indian interests to Grindlays Bank
Grindlays Bank
The Grindlays Bank was a major British overseas bank established in 1828.It operated mainly in British colonies, especially British India. After decolonization, it was a major foreign bank in India, Pakistan and other West Asian countries. As ANZ Grindlays Bank, it was for a while the largest...
who also took the Travel and Shipping Agencies also which continued to flourish in India. When a change in British banking regulations meant Grindlays had to sell off non-banking interests, a partnership between Ajit Kerkar and Anthony Good bought Cox & Kings. The company remains independent to this day and is run by CEO Peter Kerkar.
The USA office was opened in June, 1988 in New York, NY. In June, 1998 the USA office was moved to Tampa, FL. In August, 2009, Cox & Kings USA came under the umbrella brand of East India Travel Company, Inc., which is a subsidiary of Cox & Kings, Ltd., the global parent company. In October, 2010, Cox & Kings USA has been rebranded Cox & Kings, The Americas, and is responsible for all sales for clients in North and South America. Cox & Kings, The Americas is headed by Centre Head and COO Thomas Stanley. Cox & Kings, The Americas is relocating from Tampa Florida to Los Angeles, California in May, 2011.
Cox & Kings purchased Tempo Holidays, a Melbourne based wholesale travel company in July 2008, for an undisclosed sum but rumoured to be in the vicinity of USD$25 million.
Cox & Kings purchased Bentours (based in Sydney, Australia), previously owned by UK giant TUI, in January 2010. Bentours would "continue to operate as a standalone brand" but would "be controlled by Cox & Kings Australia’s office in Melbourne" according to Cox and Kings Australia CEO Steve Reynolds.
External links
- Draft Red-Herring Prospectus
- Cox & Kings India Son of SPS RathoreRuchika Girhotra CaseThe Ruchika Girhotra Case involves the molestation of 14-year-old Ruchika Girhotra in 1990 by the Inspector General of Police Shambhu Pratap Singh Rathore in Haryana, India. After she made a complaint, the victim, her family, and her friends were systematically harassed by the police leading to...
- Rahul Rathore is a Senior General Manager in Cox & Kings India - Draft Red Herring Prospectus - 2009
- Cox & Kings Japan
- Cox & Kings UK
- Cox & Kings USA
- Cox & Kings Australia
- Cox & Kings Australia Corporate Site