Mojjax ~
Although I didn't see your exact padlock in the catalog, I decided to do a little research history on the company itself. It appears they were actually called ...
"Benjamin Walters & Company, Ltd."
Here's what I found so far. But there doesn't appear to be very much written on the company ... ( If I find anything else of interest, I will post it).
I'm beginning to think their term "British Make" is like us saying "American Made."
SBB
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BENJAMIN WALTERS AND CO. LTD. 24 NORTH STREET, WOLVERHAMPTON.
Listed as general lock makers, of all kinds of rim and mortice locks and latches, combination and night latches, and every description of brass and iron cabinet locks. Also Bales & Walters improved patent locks and latches. They made their own cabinet locks and Bales latches but acted as wholesale factors for many other types.
They were situated upstairs at 24 North Street, opposite the Molineux Hotel. Closed when the premises were required for the building of the Wolverhampton ring road.
Existing in 1914 (catalogue) 1974. Nothing else known.
[ Page from 1914 catalog ]