The firm went out of business in 1930, and all the buildings have been demolished but the 210 feet (64 m) octagonal chimney, built in 1867, and typical of that period has been preserved in situ.

Samuel Heginbottom bought the land to the west of the Portland basin in 1831, and by 1833 had constructed a five-storey mill that cost £5000.

The first expansion was in 1835, when a 22 bay five storey mill was built on newly acquired land fronting Margaret St.

The 210 feet (64 m) high octagonal chimney was built in 1867, adjoining the Banquet Mill Engine House, presumably in an attempt to increase the efficiency of the boilers that were required to produce even more power.

The company was incorporated in 1896/7, when it was spinning medium counts and weaving fancies such as Jacquards, sateens, drillettes and velvets.