In 1901, Elliott Brothers became a limited company and, as shown in the Articles of Association, the firm's activities were manifold. The products supplied included coal, coke, cement, lime, plaster, whiting, bricks, tiles, pottery, ironmongery and timber. Nevertheless, the sale of Welsh slates continued to be a speciality as it had been since Robert Young's time. In addition to the property mentioned in the report of the previous year the company owned a number of ships and barges. The shareholders were the brothers Frank, Walter, Frederick Elliott, their mother, Mary, and their only sister, Lillian. Frederick had previously been running a timber company in London and brought his business with him to Southampton. At the first board meeting, held at Millbank Wharf, Frank and Walter Elliott were appointed joint managing directors. Meanwhile, another brother, Edgar, was running the Southampton brewery that he had inherited from his father. He had married Emily Gale in 1888 and their first son, Mason Elliott, was born in 1890.