The Chancery Lane Safe Deposit opened in 1876, renting strong rooms mainly to London's wealthy elite in order to safeguard their household silver, jewellery and personal documents.

The business remained the same for several years, but with many of the original clientele being replaced by silver dealers who required secure premises for their valuable stock. This need was made more pressing by the outbreak of the Second World War.

As knowledge of the Vaults began to spread, they became a "must" for visitors from overseas seeking quality silver at competitive prices. The rapid expansion of this business led to many more dealers renting a strong room within the now world renowned London Silver Vaults and it has been in its present format since 1953.