British Companies in the 1950's were very boringly named, on the whole. Most were just names that mentions what it is quite literally (British Petroleum, British Aircraft Corpoation, British Motor Corporation). Founders names, place names, would be used - "zip" and "pizzaz" being unseemly terms in the UK until the 60's came along! Most would have ended up having odd mergers, so a mixture of all the above would work, perhaps effectively pizzazified over the years.
So, maybe you have one company named after it's founder, Merchantson Scientific Instruments. That merges with Nuneaton Aviation Limited, named after where it is based. So Merchantson-Nuneaton. It get's nationalised in the 1960's and forced to join with tonnes of other companies, so becoming British Amalgamated Industries, of which Merchantson-Nuneaton is a part (name still used for certain products). Then it gets broken up an privatised in the 1980's, with the Merchantson-Nuneaton bit getting bought separately from the rest by a British owned Norwegian computer company called Norske Datamaskinindustrier asa (I don't speak Norwegian, so my tranlation may be shocking!). So it becomes Norske Datamaskin Merchantson-Nuneaton Industries...which is a mouthful...so they pizzazify it to merge it all together to form NorData-MerchantNun Industries or NDMNI plc something ridiculous like that.
May not be that, but for a company founded in Britain in the 50's...that is exactly the sort of logic you need to follow naming wise!
