The Daimler Company Limited was founded in London by H. J. Lawson in 1896. The company acquired the right to use the Daimler name from Gottlieb Daimler and Daimler-Motoren-Gesellschaft of Cannstatt, Germany. Initially, the company faced financial difficulties, but after a reorganization in 1904, it was able to bounce back. In 1910, the Daimler Motor Company was purchased by the Birmingham Small Arms Company (BSA), which also made cars under its own name before the Second World War. Daimler was awarded a Royal Warrant to provide cars to the British monarch in 1902. However, it lost this privilege in the 1950s after being supplanted by Rolls-Royce.