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Pease was the second son of Sir Joseph W. Pease, 1st Baronet, and the grandson of Joseph Pease, while Arthur Pease was his uncle and Sir Arthur Francis Pease, 1st Baronet, Beaumont Pease, 1st Baron Wardington, and Herbert Pike Pease, 1st Baron Daryngton, were his first cousins.
The yard lay on the original Stockton and Darlington Railway (S&DR) extension to Port Darlington, developed from 1828 under the instructions of influential Quaker banker, coal mine owner and S&DR shareholder Joseph Pease, who had sailed up the River Tees to find a suitable new site down river of Stockton on which to place new coal staithes.