Guild Holdings Co (GHLD) Stock Forecast

About the Company

A livery company is a type of guild or professional association that originated in medieval times in London, England. Livery companies comprise London's ancient and modern trade associations and guilds, almost all of which are styled the "Worshipful Company of" their craft, trade or profession. There are 113 livery companies as at March 2025. They play a significant part in the life of the City of London, not least by providing charitable-giving and networking opportunities. Liverymen retain voting rights for the senior civic offices, such as the Lord Mayor, Sheriffs and Common Council of the City Corporation, London's ancient municipal authority with extensive local government powers. The term livery originated in the designed form of dress worn by retainers of a nobleman and then by extension to special dress to denote status of belonging to a trade. Livery companies evolved from London's medieval guilds, becoming corporations by royal charter responsible for training in their trades, as well as for the regulation of aspects such as wage control, labour conditions and industry standards. Early guilds often grew out of parish fraternal organizations, where numerous members of the same trade lived in close proximity often congregating at the same church. Like most organisations during the Middle Ages, these livery companies had close ties with the Roman Catholic Church (before the Protestant Reformation), endowing religious establishments such as chantry chapels and churches, observing religious festivals and hosting ceremonies as well as well-known mystery plays. Most livery companies retain their historical religious associations, although nowadays members are free to follow any faith or none. Many, but not all, livery companies established a guild or meeting hall. Though these halls faced destruction in the Great London Fire of 1666 and during the Blitz of World War II, over forty companies still own or share ownership of livery halls, some elaborate and historic, others modern replacements for halls destroyed or redeveloped. Most of these halls are made available for use by other companies not having a livery hall of their own. Many ancient livery companies maintain contact with their original trade or craft. In some cases, livery companies have chosen to support a replacement industry fulfilling a similar purpose today, e.g. plastics replacing the use of horn or ivory in the case of the Horners' Company and fashion for the Haberdashers' Company. Modern companies (those created after 1926) are mainly representatives of today's professions and industries and operate in close association with these. Many ancient crafts remain as relevant today as when their guilds were originally established. Some still exercise powers of regulation, inspection and enforcement, e.g. the Goldsmiths' Company Assay Office, while others are awarding bodies for professional qualifications. The Scriveners' Company admits senior members of legal and associated professions, the Apothecaries' Society awards post-graduate qualifications in some medical specialities, and the Hackney Carriage Drivers' Company comprises licensed taxi drivers who have passed the "Knowledge of London" test. Several companies restrict membership to those holding relevant professional qualifications, e.g. the City of London Solicitors' Company and the Worshipful Company of Engineers. Other companies whose trade died out long ago, such as the Bowyers' Company, have evolved into being primarily charitable foundations. Many companies, for example the Pinmakers, have disappeared entirely since their creation. After the Carmen's Company received City livery status in 1848 no new companies were established until 1926 when the Honourable Company of Master Mariners was founded (granted livery in 1932). Post-1926 creations are known as modern livery companies. The Worshipful Company of Communicators, the newest, was granted livery status in March 2025, making it the 113th City livery company in order of precedence.

Sector

Finance

Industry

Mortgage Bankers & Loan Correspondents

Employees

4983

Exchange

NYSE