Holcroft was chairman of Littleton Collieries. He also served as High Sheriff of Staffordshire from 1913 to 1914. Like his uncle, Sir Charles Holcroft, he was a great benefactor to the University of Birmingham, and for these services he was created a Baronet in the 1921 New Year Honours. His home was at Eaton Mascott Hall, near Shrewsbury.
- The London Gazette: . 31 December 1920.
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