In January 1883, Thomas transferred as a gift the whole of his business to Frank and Walter who gave it the name of Elliott Brothers. When Thomas himself died aged 71, on 26April 1886, his estate amounted to close on £84,000 – a very considerable sum for the time. The estate included a house at Bassett Mount with stabling, gardens, meadows, land and all household effects plus his interests both in the Millbank Works and the brewery. By comparison, his brother John, who died in 1891 in Uckfield, Sussex, left only £583.