He disposed of the last of them to two of his managers John Wheeler and Richard Avenant, and they also took over what had been Sir Clement Clerke's ironworks when some of those reverted to Philip Foley.
Wheeler and Avenant were more successful in running a rather reduced business and leased blast furnaces in the Forest of Dean from Philip's brother Paul.
In 1705, John Wheeler retired from managing the business in favour of William Rea, and the firm gave up its remaining ironworks in the Stour valley.
This had iron works consisting of Mearheath Furnace (a little distance from the present Meir Heath), and Consall and Oakamoor Forges.
They also made a trade investment in ironworks in Cheshire, in connection with securing a supply of pig iron from there.
The Prestwood estate followed this descent, being settled on her marriage to descend to her second son John Hodgetts Hodgetts-Foley.