1909 Disaster struck when it was discovered that the Company Secretary, Mr. King, had been using the company's money to gamble at pool in a local public house. A large sum of money had disappeared, which led to the company going into liquidation. Mr. King tried to commit suicide, but William Clarke did not bring any criminal charges against him, because he discovered that one of his brothers was also involved.
1911 After the liquidation, William still wanted to continue producing Wearwell bicycles and so he purchased the ailing Wulfruna Cycles from John Barratt. He attempted to revitalise the business and reintroduced the Wearwell and Wolf names at new premises in Brickkiln Street. The production of cheap machines continued, as a 2.5h.p. Wolf was on sale in 1914 for just 22 guineas (£23.10).
Note:' The Wolf name carried on until 1940, except for a short time when Wulfruna was used as another company branch name. These machines had a production life of just three years. The company then returned to using the Wolf name.
1914 Directory lists them as Wulfruna Engineering Co, Great Brickkiln Street, Wolverhampton and as motor cycle manufacturers.
1920s A range of Wulfruna machines was available until the early 1920's, after which the company concentrated on its Wolf trademark.
1922 William died.
1928 Theo Waine and his brother Mr. G. A.Waine, took over the Wearwell Cycle Co Ltd from the liquidators of the Wulfruna Engineering Co Ltd The Waine Family were lock makers in Willenhall, and used to supply large numbers of locks to the far east. They also used to make steel heel tips for shoes, and supplied them to the army in the first world war. They used to import their steel from Belgium, and in those days it only cost £4 a ton.
When Theo inspected the Brickkiln Street works, he decided that it was not suitable for their purpose. The family owned the New Griffin Works in Colliery Road, and so the cycle business was moved there. Part of the works was occupied by the cycle company, the remainder was occupied by the family's other business, Vulcan Engineering. Vulcan was a general engineering company, who were producing all kinds of things, including items in stainless steel, as early as 1934.
1931 The factory expanded, the production of Wolf motor cycles commenced and a trade stand was taken at Olympia. Mr. H. V. Waine, a keen motor cyclist, was responsible for the design and production of both motor cycles and cycles, while Mr. T. A. Waine was responsible for sales. The first machines used Villiers engines. The Cub, which had a 98c.c. engine sold for only £15.15s.0d. (£15.75) The Wolf Silver Super Sports was powered by a 196c.c. Villiers engine. This sold for only £34.
Wolf motorcycles continued in production until the outbreak of World War II. After the war the company decided to concentrate solely on the manufacture of pedal bicycles, and so no more motorcycles were produced.
Note: Wearwell Cycle Company - Production of the cycles continued after the Second World War and in the 1950s, 75% of the company's production was exported to over 30 different countries. In 1972 the company moved its production to Alveley, near Bridgnorth, and with them went the end of major manufacture in the city of Wolverhampton.
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