Houlder Brothers Shipping Line Edwardian gold bullion cloth cap badge

A rare original Edwardian period antique small size 'Houlder Brothers and Co Ltd, London cap badge'; black felt padded backing, displaying embroidered gold wire bullion laurel wreath, bullion Maltese cross house flag on red silk backing; the reverse with paper lined hession backing. Fair condition, colours remains bright, felt backing with some minor damage. Height approx 53mm.