Prescot's name is believed to be derived from the
Anglo-Saxon prēost "priest" +
cot "cot", meaning a cottage or small house owned or inhabited by a priest, a "priest-cottage". (
ME prest, preste, priest,
OE prēost,
LL presbyter,
Gk πρεσβύτερος presbýteros "elder, priest") In the 14th century,
William Dacre, 2nd Baron Dacre, obtained a
charter for the holding of a three-day
market and moveable
fair at Prescot, to begin on the Wednesday following
Corpus Christi. In 1593, the English political philosopher
Gerrard Winstanley's parents, Edward and Isabell Winstanley, originally from Wigan, were married in Prescot. From the mid-1590s to 1609, Prescot was home to the
Prescot Playhouse, a purpose-built
Shakespearean theatre, probably located on Eccleston Street. In the sixteenth century it was a small town of about 400 inhabitants, and not much bigger by the late seventeenth century. During the 18th and 19th centuries it was at the centre of the
watch and
clock-making industry. This ended with the failure of the
Lancashire Watch Company in 1910. In later years the
BICC company was the primary industrial employer in the town. BICC ceased operations in Prescot in the early 1990s before the site was demolished and later cleared. The land remained desolate until 2000 when it was then regenerated into what is now known as Cables Retail Park, the name of which is a reference to the BICC and the history of the site on which it was built. ==Governance==