The Worshipful Company of Saddlers is one of the most ancient of the Livery Companies of the City of London. The Guild of Saddlers, the Company's predecessor, is thought to have been an Anglo-Saxon Craft Guild – it certainly existed at some point in the eleventh century. The Guild became a Company when a Royal Charter of incorporation was granted by King Edward III in 1363. The City granted the Company the right to regulate the trade of saddle-making; all saddlers in and within two miles of the City were subject to the Company's regulations. However, the powers of the Company, which has existed on the same site in Cheapside (formerly West Chepe) since 1160, were eroded over time. Nowadays the Company retains strong affiliations with the saddlery trade, sponsoring the Society of Master Saddlers and giving prizes for deserving young riders at equestrian events. The Company is an institiution which is charitable rather than a chaitable institution and it supports many good causes, promotes scholarships at Alleyn's School, has strong links with the Household Cavalry and the King's Troop R.H.A. as well as with other regiments and Livery Companies traditionally involved with leather or horses. The Company ranks twenty-fifth in the order of precedence of Livery Companies (the order was settled in 1515 on the Companies' economic or political power at that time). Unusually, the Saddlers Company has two mottoes: Hold Fast, Sit Sure and "Our Trust Is In God".
