The Company was formed in 2007, based on the vision of the then Lord-Lieutenant of Gloucestershire, Sir Henry Elwes KCVO. He felt that a new partnership should be established to uphold the county’s traditions and history, and to ensure that its future achievements were encouraged and celebrated. It operates in a similar manner to livery companies established in the City of London. Membership is widely-based and embraces both rural and urban interests, the arts, science, education, Armed Forces, sport and business experience. In 2012 the Company set up a separate Charitable Trust as a tax-efficient way of reinforcing its objectives. The Trust benefits from members’ individual contributions, many of them far more generous than the recommended annual minimum. In December 2015 the Honourable Company was delighted to learn that HRH The Princess Royal had gracioussly agreed to become its first Patron.