A trade hall for the wool and cloth trade, Blackwell Hall, also known as Bakewell Hall, once stood on the east side of Guildhall Yard in Basinghall Street.
The buttressed stone building – whose previous owners included Thomas Bakewell (from where apparently it gets its name) – is understood to have been purchased by the City of London Corporation during the reign of King Richard II and subsequently established as a cloth market.
‘Factors’ were introduced to act as agents and handle the sale of goods on behalf of the clothiers but shifts in trade – in particular the expansion of northern mills which led to them handling their sales directly – saw the importance of the London-based factors wane.
The structure was rebuilt a couple of times over its lifespan – there are records of a rebuilding in 1588 and again after the Great Fire of 1666 – before it was finally demolished in 1820 to make way for the Bankrupcy Court.
Remains of the foundations were discovered during excavations in Guildhall Yard in 1988.