William Watkins Ltd Tugboat Company London cap badge

A rare original small circa 1930's William Watkins Ltd tug owning company cap badge, red silk ribbed House Flag to the centre with white embroidered "W", gold wire bullion wreath, the reverse with black herringbone weave cotton backing. Very good condition.
Width 62mm.
Height 48mm.
William Watkins Ltd was founded in 1833 as a tugboat company, it amalgamated in 1950 along with Elliott Steam Tug and Gamecock Tugs to form the Ship Towage Limited, London.