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He was the son of William Aleyn and his wife Elizabeth Compton, daughter of William Compton. Allen was alderman of Cheap Ward from 1652 until 1660 and subsequently of Aldgate Ward until 1679. He then represented Bridge Without until 1683 and again from 1689 until his death a year later. Allen was appointed Sheriff of London in 1654 and Lord Mayor of London in 1659. He is remembered as the Lord Mayor who welcomed King Charles II of England into the City of London on 29 May 1660 after his exile, regarded by many as the pivotal episode in the Restoration of the monarchy. Allen was knighted on the king's visit and two weeks later, on 14 June, he was created a baronet, of London, in the County of Middlesex. In 1673, he was admitted to Gray's Inn and in 1676, he became Master of the Worshipful Company of Grocers.
Around 1684, he married Elizabeth Birch, and had by her a son. Allen died in 1690 and was buried in Totteridge. He was succeeded in the baronetcy by his son Thomas (1648–1730), who married Elizabeth Angell but had no children. On his death the baronetcy became extinct.
- "Leigh Rayment - Baronetage". Retrieved 27 July 2009.
- "Sir Thomas Allen, 1st Bt.". The Peerage. 30 April 2008. Retrieved 13 January 2007.
- Orridge, Benjamin Brogden (1867). Some Account of The Citizens of London and Their Rulers, from 1060 to 1867. London: William Tegg. pp. 139–141.
- "National Confusion over The Issue of The English Restoration - Dissertation" (PDF). Retrieved 27 July 2009.
- Burke, John (1841). John Bernhard Burke, ed. A Genealogical and Heraldic History of the Extinct and Dormant Baronetcies of England, Ireland and Scotland (2nd ed.). London: Scott, Webster, and Geary. p. 3.
- Foster, John (1889). The Register of Admissions to Gray's Inn, 1521-1889. London: The Hansard Publishing Union Ltd. p. 318.
- "Sir Thomas Allen, 2nd Bt.". The Peerage. 18 June 2004.
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