Ferrar's pamphlet Sir Thomas Smith's Misgovernance of the Virginia Company was only published by the Roxborough Club in 1990. Here he lays charges that that Smith and his son-in-law Robert Johnson, were running a company within a company to cream of the profits from the shareholders. He also alleged that Dr Woodall had bought some Polish settlers as slaves, selling them on to Lord de La Warr. He claimed that Smith was trying to reduce other colonists to slavery by extending their period of indenture indefinitely beyond the seventh year.
The argument ended with the London Virginia Company losing its charter following a court decision in May, 1624.
In 1626 Nicholas Ferrar became involved in setting up a religious community in Little Gidding, Huntingdonshire. With John Collett and his family they used an abandoned old church to set up the English Protestant Nunnery . The community always had someone at prayer and had a strict religious routine. They tended to the health and education of local children, and Nicholas continued with his work as a bookbinder.
His brother continued the community and King Charles I stayed there fleetingly after the Battle of Naseby (1645).
T. S. Eliot honoured Nicholas Ferrar in the Four Quartets, naming one of the quartets "Little Gidding".