 The company was liquidated in 1903, and its assets, amounting to £1,167,965 (about £ as of 2020) were distributed to its shareholders.That same year a private vehicle hire operation, The Manchester Carriage Company (1903) was formed, led by John Greenwood (III).This company survived into the 1970s, based at one time in Middleton, and later in Rusholme.