The New Lowca Engineering Co. Ltd. started operation on 12th February 1908 after the Lowca Engineering Co. Ltd was purchased by James Burns, Cecil Walton and Harry Bentley on 6th December 1907 for £30,000.

The company went into liquidation in 1911, although it continued to function for some time. In 1912 a large fire at Lowca Engine Works destroyed much of the company's assets.

Locomotive production ceased in 1921 and the company continued with spare parts, repairs and general engineering orders until it was finally wound up around 1926 or 1927.