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It was created in 1728 for Sir John Monson, 5th Baronet.
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.
Monson was the son of Sir John Monson, 2nd Baronet of South Carlton and Broxbourne, Hertfordshire and his wife Ursula Oxenbridge, daughter of Sir Robert Oxenbridge of Hurstbourne Priors, Hampshire.
On 20 April 1693, he married firstly Bridget Monson, daughter of Sir John Monson, 2nd Baronet, at St Bride's Church in London.
Sir John Monson's descendant, another Sir John Monson, 5th Baronet (1693–1748), was created Baron Monson in 1728.