1663-1868

With the Restoration came another re-organisation of the Company, with a Charter of Incorporation granted by Charles II in April 1663. However, there was plenty of competition from pipe makers in other areas of the country including Bristol, Staffordshire and Brosely, which had produced clays since 1575. The Company was re-organised by the City of London but without a Grant of Livery. At this stage, the Company were only concerned with pipes. For example the Grocers Company had the Charter for tobacconists and tobacco cutters granted to them in 1690.

Even during this period, there were still pipe makers in other Companies and poverty amongst members was a serious problem as was lack of education. At this time there were probably no more than 200 "citizen" pipe makers, of whom only just half were freemen of the Company. As a result, the income derived from "quarterage" and apprenticeships was very low, no more than £180 in 1826 and £64 in 1844. The Company had no Hall, but hired a room at Guildhall for meetings, had few possessions, unlike larger Companies, and suffered from the changes in smoking habits in the late 18th and 19th Century with cigars and tobacco becoming popular.

However, the main reason for the decline, and eventual demise, of the second Company had more to do with the failure to change their restrictive practices dating back to the Middle Ages, and in common with other Companies, they embarked upon a series of legal actions to protect their interests. This resulted in very heavy legal costs, one action costing £900, but with only nominal damages being awarded to the Company in most cases. In 1856, an Act of Common Council abolished laws and customs prohibiting non-freeman from trading in the City, which effectively cut off the Company's income and resulted in its extinction, probably in 1868.