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In 2002 Sir Derek Bibby, 2nd baronet, and great-great-grandson of the founder and past chairman and president of the firm, was aged 80 and terminally ill with leukemia.
In 1767, he bought for £40,000 Stanhope and Stobo in Peeblesshire, part of the estates of Sir David Murray, which had been confiscated for their owner's complicity in the rebellion of 1745.
He married, firstly, Lady Elizabeth Douglas, daughter of Dunbar Douglas, 4th Earl of Selkirk and Helen Hamilton, on 1 August 1804.
The resolution being carried, Montgomery was named one of three commissioners that for the shires to offer the Scottish crown to William and Mary.