the directors for this period are at http://www.ee.surrey.ac.uk/Contrib/manx/fulltext/sp1904/apxb.htm
Udall I think went bankrupt sometime in early 1880's - somewhere I have ref but cant immediately locate it - he also had a London hotel which may have been cause - he was associated with several pubs/hotels in Douglas and also Port Erin (Railway and Villiers are two main ones)