The exploits of
Miranda gave rise to further orders of similar vessels, including
Gitana, built in 1876 and capable of , which was an astonishing speed at the time. Besides the yacht sales, Thornycroft found an even more lucrative business building
torpedo boats. It started with for Norway in 1873, a light vessel built of thin steel plates. The early torpedo boats were designed for
spar torpedoes, but when a new generation of self-propelled
torpedoes arrived from
Whitehead in 1876, the torpedo boat really found its form. Thornycroft designed HMS
Lightning for the
Royal Navy, on the lines of
Gitana, and orders started mounting. John Thornycroft was not the only supplier of torpedo boats, but his influence was so big that the
Encyclopedia of Ships and Shipping characterised him as
the founder of the torpedo-boat industry. The weight of the boiler system (of the
locomotive type) precluded speeds over , and Thornycroft set out to work on an improved system.
Water-tube boilers already existed, and Thornycroft built the river-steamer
Peace in 1882 with that type of boilers, of the Herreshoff design. In 1885 his improved system was ready, and it became one of the most important of the 50–60 patents he obtained between 1873 and 1924. Built with the new boilers, the Spanish
Ariete reached on
trials in 1887, and in 1894 the yard delivered the torpedo gunboat HMS
Speedy to the Royal Navy, which was the first ship with water-tube boilers in that Navy. John Thornycroft entered a new field of business in 1896, when he built a
steam-powered lorry for his local
Chiswick Urban District, and formed the
Thornycroft Steam Carriage and Wagon Company. More followed, and in 1901 he made a breakthrough by winning the
War Office's competition for heavy lorries for military use. In 1898 the company opened a new factory for lorries in
Basingstoke, and Thornycroft's quickly grew to become the town's largest employer. Later, the company also began building combustion-engine vehicles, and production continued at
Basingstoke until 1969. In his quest for still faster vessels, John Thornycroft made several tests with different
hull-shapes, eventually settling on a stepped hull for fast motor boats. This hull shape would almost lift the boat out of the water, facilitating high speeds. In 1910, John I. Thornycroft & Company designed and built a boat called
Miranda IV. She was a single-step
hydroplane powered by a Thornycroft petrol engine and could reach . In 1915, John Thornycroft suggested that the Royal Navy might use a fast motor boat – armed with torpedoes – for coastal service, and in January 1916 the company received an order for twelve boats, which formed the beginning of a long line of
Coastal Motor Boats delivered to the Royal Navy and later to other navies also. The
Hovercraft Museum holds a number of hull models that John Thornycroft used for his experiments, using air-flow as a mean of lifting boats out of the water. The oldest dates back to 1877. He was
knighted in the
1902 Coronation Honours, receiving the accolade from King
Edward VII at
Buckingham Palace on 24 October that year. ==Legacy==