He was born in the West Riding of Yorkshire, the son of Alfred Aykroyd and Ellen (née Milnes), and educated at Thorp Arch Grange, near Wetherby. He entered his uncle's woollen and carpet manufacturing business, T. F. Firth & Sons Ltd, at Brighouse, and later became chairman. He was also chairman of Hammond's Bradford Brewery and managing director of the Bradford Dyers' Association.
He was succeeded in the baronetcy by his eldest son, Major Alfred Hammond Aykroyd.
- Obituary, The Times, 5 April 1947
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