It appears that the Old Graveyard Works was bought by a speculative company called The Bettisfield Trust Company. They obtained a lease from the Hanmer Estate in 1923, allowing them to work for black peat, which was peat at the lower levels of the bog. The Midland Moss Litter Company also obtained a lease for the same area, but they wanted to harvest the upper layers for packing material, cattle feed, and animal bedding. The two companies were required to cooperate under the terms of the lease. William Henry Smith, the former partner of Wardle, was a director of the Bettisfield Trust, but details of exactly what they did are unclear, and they may have established a processing works for making briquettes and distillation of the peat in the Fenn's Bank Brick and Tile Works, rather than at the Old Graveyard site. The enterprise was fairly short-lived, as they ceased trading in late 1925.
