The Worshipful Company of Saddlers is one of the Livery Companies of the City of London. A Guild of Saddlers, the Company's predecessor, is thought to have been an Anglo-Saxon Craft Guild – it certainly existed at some point in the eleventh century. The Guild became a Company when a Royal Charter of Incorporation was granted by King Edward III in 1363. The City granted the Company the right to regulate the trade of saddle-making; all saddlers in and within two miles of the City were subject to the Company's regulations. However, the powers of the Company, which has existed on the same site at Cheapside (formerly West Chepe) since 1160, were eroded over time.