Leonard Fosbrooke of Ravenstone Hall and Snibston Grange owned the Snibston estate. After his death in 1830 the estate, including an uncompleted colliery with a new Boulton and Watt type steam engine and colliery equipment, was put up for sale. The estate was purchased by the Stephensons, and Snibston Colliery No. 2 was completed there, together with miners' cottages, with the help of finance from Liverpool merchants. This is the present colliery, though much altered since, known simply as Snibston Colliery.