The Clock was sponsored by a number of members of the Clockmakers Company, to celebrate the 375th Anniversay of the Company in 2006. The arms in the dial centre are those of the Company.
The Clock's design was inspired by the work of Joseph Windmills, a celebrated late 17th century London clock and watchmaker, whose first workshop was about 130 metres from the Newgate Tower. This information was derived from the Clockmakers' Museum in nearby Guildhall.
6
The Newgate clock is believed to be currently the only public clock with a "wandering hour" dial in the world.