Complex sentence: In 1847 he set up workshops specializing in the manufacture of winding engines for the local coal mining industry, however the money from the gas lamp patent sale was never paid and the company and sequestration came the following year.
Split into simpler sentences: In 1847 he set up workshops specializing in the manufacture of winding engines for the local coal mining industry. However, the money from the gas lamp patent sale was never paid and sequestration of the company came the following year.