In the summer of 1899 Dursley-Pedersen Cycle Co was founded. Owners were Robert Asthon Lister (later Sir Asthon) and his son Charles Lister, and Mikael Pedersen. They received licence from the Pedersen Cycle Frame Co Ltd to make bicycles. In 1917 the Dursley Pedersen Cycle Co ceased to be. Some firms continued making bicycles until 1921.