Peel & Gudgin was established in Bury St. Edmunds by Mr. G.W.E. Peel and Mr. Gudgin in 1936.
The business was moved to Angel Hill in 1939, where it has been ever since. After the Second World War the company started to expand and a second branch was opened in Stowmarket, located in 'The Arcade' which is now occupied by the Post Office's sorting depot.

By now Mr. Golding had joined the company and along with Mr. Peel they moved the Stowmarket branch to 7A Station Road. In December 1970 David Hawkins began working for the company.

In 1974 Mr. Golding retired leaving Mr. Hawkins and Mr. T. Hall to take over the Partnership with Mr. Peel.

In 1979 Mr. Peel died and Tom Hall and David Hawkins managed the business until Tom retired in 1988 when Mrs. Hawkins came in as a partner. During this time the Bury St. Edmunds branch had moved along Angel Hill from No. 28 to 30.

The company continued to prosper and invited Chris Wilbraham to join in 1996 followed by a further move of the Stowmarket branch a short distance from 7a Station Road to Number 11. This afforded larger premises with excellent display windows which have been used to their full extent.

The company now employs 13 staff including the Partners.