By becoming a member of the World Traders, you will find yourself amongst a body of people all similarly qualified and motivated, who support the ethos and the good works of traditional City life. From the outset the World Traders were determined to be a working Guild, with members connected with world trade and with the aim of raising awareness and understanding of, and standards of practice in, world trade.
You will enjoy opportunities to meet Liverymen of other companies, as well as being in an unrivalled position to offer corporate hospitality that is out of the reach of most business people.
Becoming a Liveryman offers a unique opportunity to participate in City life, both modern day business, and the traditions going back many centuries. Modernity and Tradition rest easily together in The City and The Livery.
The aims of all Livery Companies are fellowship, welfare, charitable support, and generally, to support the Lord Mayor, Aldermen and Common Council, that is, The Corporation of London.
The motto ‘commerce and honest friendship with all’ was chosen, taken from Thomas Jefferson’s inaugural Presidential speech. The Arms of the Company were designed by the late Sir Colin Cole, the then Garter King of Arms.
Those interested in membership are welcome to join our informal, once a month gathering at Little Ship Club, Bell Wharf Lane, Upper Thames Street, London EC4R 3TB which usually takes place on the first Monday of every month. Contact us to check the date of the next gathering.
Responsibilities of Membership
The obligations of those fit and proper persons who are admitted to the Freedom and the Livery of the Company are set out in a formal declaration to the Court at the admission ceremonies. They are what are expected of a good citizen of the City.
Admission to the Company
Many older established livery companies have diminished links with their trade (usually because that trade has itself diminished). This Company, however, is particularly keen that its members do have strong links with World Trade, so that we can play an active role in the promotion and encouragement of international trade. The Company is governed by its Court of Assistants which meets four times a year (analogous to a company board of directors or club committee), and which is chaired by the Master, who holds that office for one year.
If you do wish to apply for membership, the procedure is that your completed application form will need to be proposed by two liverymen (one of whom should be a Court Assistant) and your proposer will be asked to provide a covering letter of support. Your application will then be placed before the Membership Committee, and thence before the Court. You will then be invited for interview and, assuming success, you will be required to attend a Court meeting to be formally admitted to the Freedom of the Company in a short ceremony later in the year.
Subsequently you will be eligible, and expected to apply for the freedom of the City of London, and thereafter to become a Liveryman of the Company. You will appreciate from the forgoing that it is a fairly lengthy procedure, but in keeping with the nature of membership of a City Livery Company such as ours that the commitment is for life.
The maximum number of Liverymen permitted by the Company’s constitution is 300. Candidates in excess of that complement can be admitted to the Freedom of the Company, and then await a vacancy in the ranks of the Livery.
Joining a Livery company should be viewed as a long term commitment. The costs involved are: Annual Quarterage (or membership subscription) currently set at £380 p.a. reduced to £373 for those who pay by Direct Debit or bank transfer (subject to annual review), the Freedom Fine of £300, and the Livery fine of £500 both of which are one-off payments. Quarterage and the Freedom Fine are reduced by half for those under the age of 35 while they remain Freemen, on progression to the livery the full rate of quarterage is payable. In addition there is a commitment to support the Company’s Charitable Trust regularly in whatever sum you can reasonably afford.
Journeyman membership is available for those aged 18-27. Any Journeyman aged 21 or over can apply at any time to become a Freeman of the Company At the age of 27 Journeymen will normally be invited to take the Freedom and if they do not do so will be deemed to have resigned. Journeyman membership will not be offered to anyone over the age of 25. The fee for Journeymen is £52 p.a. reduced to £50 for those who pay by Direct Debit or bank transfer with no journeyman fine.
For further cost information please read our leaflet here.
You are most welcome to contact the Clerk for further information.
Details of how you can apply can be found here:
Please send your accompanying CV and headshot to:
Mrs Gaye Duffy
The Worshipful Company of World Traders
13 Hall Gardens
Herts AL4 0QF
Tel: 01727 822181
You can view our Governance Booklet here.