The growth of North Oxford and the University of Oxford colleges in the Victorian era expanded Lucy's market. The company responded by adding a new smith shop and foundry to the Eagle Ironworks, designed by local architect William Wilkinson and completed in 1879. Lucy's became a limited company in 1897. It expanded both its product range and its market, including shelving and storage equipment that it sold throughout the country. In the decade after becoming a limited company, Lucy's accordingly increased and diversified the Eagle Ironworks buildings, including a north-lit factory extension designed by George Gardiner and completed in 1901.