The question now arises: if "Pioneer" was successfully travelling from Birmingham to Worcester (and perhaps even to Cheltenham) in late April and early May 1837, why did the company liquidate itself on 11 May?
Perhaps this may enlighten - although it may not be the same man, of course. From the London Gazette, 5th May, 1835 page 889 (not 1837, which would make more sense):
"WHEREAS a Fiat in Bankruptcy is awarded and issued forth against William Church, of the Parish of Aston,
near Birmingham, in the County of Warwick. Civil Engineer,,
Dealer and Chapman, and he being declared a Bankrupt is
hereby required to surrender himself to the Commissioners
in the said Fiat named, or the major part of them, on the
20th of May instant, and on the 16th of June next, at One in
the Afternoon on each day, at Radenhurst's Royal Hotel,,
in New-Street, Birmingham, and make a full discovery and
disclosure of his estate and effects, when and where, the
Creditors are to, come prepared to prove their debts, and
at the first sitting to choose Assignees, and at the last
sitting the said Bankrupt is required to finish his examination,
and the Creditors are to assent to or dissent from
the allowance of his certificate. All persons indebted to the:
said Bankrupt, or that have any
of his effects, are not to pay or
deliver the same but to whom the Commissioners shall appoint,
but give notice to Messrs. Adlington, Gregory, Faulkner,
and Follett, 1, Bedford-Row, London, or to Mr. Wills, Solicit
tor, Cherry-Street, Birmingham."