The definition of a Modern Livery Company in one formed since 1926.
Livery Companies numbered from 78-110 are termed Modern. This term can confuse, for some post war liveries represent very ancient trades, notably the Farmers. Others, eg the Tobacco Pipe Makers and the Lightmongers, are resurrections of earlier defunct guilds.
The Master and Wardens of the Modern Companies dine together twice a year, usually on the second Monday in March and September.