Over the years, the Company has evolved from a trade association for horseshoe makers into an organisation for those devoted to equine welfare, including veterinary surgeons.

Its motto is Vi et Virtute, Latin for By Strength and by Virtue.

Section 1 of the Farriers (Registration) Act 1975 enshrined the Farriers' Company with continuing duties outside the traditional City of London jurisdiction that normally applies to livery companies.

It provided, "The Worshipful Company of Farriers (hereinafter referred to as “the Company”) shall have the general function of securing adequate standards of competence and conduct among persons engaged in the shoeing of horses (hereinafter referred to as “farriers”) and shall promote, encourage and advance the art and science of farriery and education in connection with the said art and science".

The annual installation of a new Master for the Worshipful Company of Farriers takes place in September.