The 10 richest people in Hampshire - 2010

PUBLISHED: 15:22 03 November 2010 | UPDATED: 11:56 11 January 2018

Andrew Lloyd Webber by Tracey Nolan ( via

Andrew Lloyd Webber by Tracey Nolan ( via


Here's the definitive top 10 list of the wealthiest people in the county, compiled by the leading authority on the rich, Philip Beresford of The Sunday Times

1. Lord Lloyd Webber, 62

Music and theatre, £700 million

Lord Lloyd Webber’s long-awaited sequel to Phantom of the Opera called Love Never Dies, opened in London last March and will open on Broadway in the spring of 2011. Its advance sales were £9 million, more than it cost to put on, good news then for the 62-year old composer/impresario’s bank balance. It was in 1968 that the young Lloyd Webber first came to prominence with Tim Rice in their musical: Joseph and the Amazing Technicolor Dreamcoat. Another 12 musicals followed including world-wide hits such as Jesus Christ Superstar, Evita, Cats and Phantom of  the Opera. Now the leading musical composers in the world, Lloyd Webber is also a leading West End Theatre owner through his Really Useful Group. In 2008-09 it made a £9 million profit on £138 million sales. Lloyd Webber owns it all. With theatre audiences holding up well despite the recession, the business is easily worth £550 million today.

His main home is Sydmonton Court, near Kingsclere in Hampshire, where he hosts an annual festival. He also owns much of Watership Down. Lloyd Webber is an art collector, with a passion for Victorian art. In all he is easily worth £700 million with a steady stream of royalty money flowing in from his shows worldwide.


2. James Ratcliffe, 58

Industry, £400 million

Jim Ratcliffe is slowly recovering from an economic tsunami that nearly overrun his giant company in the autumn of 2008. As boss of chemicals giant Ineos, Britain’s biggest private company, his order book fell 30 per cent. The New Forest based operation with sales of £30 billion and  15,500 employees in 14 countries, had to take drastic action including a planned move of its headquarters to Switzerland to save £100 million a year in tax. Ineos grew rapidly in the boom years by taking on debt to buy businesses and is now the world’s third largest chemicals company. Banks became restive over repayment of loans but last year, Ratcliffe pulled off a coup by getting 96 per cent of his bankers to change its loan terms to give it more leeway to fight its way out of recession. Another deal with the banks in April essentially lets the company raise £1 billion to repay some debt and delays other repayments by three years. It seems to be working. Ineos profits rose by nearly 36 per cent in the last quarter.

The low-key Ratcliffe has the ideal background to build a chemical giant. After a degree in chemical engineering, he took an MBA degree and accounting qualifications. Fifteen years in the chemical industry was followed by five years in private equity. He started making serious money in 1992 and later headed a management  team that acquired Ineos in a £90.5 million deal in 1998.  The rest is history. But we now increase the value of Ineos slightly to around £500 million at very best in the current climate. That values Ratcliffe’s stake at £350 million. We add around £20 million, for past dividends and other assets. He owns the Lime Wood hotel in the New Forest, on which £30 million has been lavished.


3. Caspar MacDonald-Hall, 60

Property, £374 million

Industrial property developer  London & Cambridge Properties saw its net assets fall sharply from £579m to around £420m in 2008-09, while profits rose slightly from £36.5m to £38.8m. Property man Caspar MacDonald-Hall  has a 40% stake in the operation. He also has half of Proudreed, a Southampton property investor, with £183m net assets in 2008, so his stake there should be over £90m. He also has a 45.5% stake in Ringmerit, which had over £212m net assets in 2008. In all then there are over £356m net assets attributable to him. 

Macdonald-Hall was also a non-executive director at AIM, an aviation group which was recently bought by its management for an undisclosed sum. Aim was founded by his father in 1970 and MacDonald-Hall was sales director when it floated on the stock market in 1982.  With past dividends etc., he should be worth £365m.


4. Arthur Landon, 29

Finance, £200 million

Gossip columns referred to Arthur Landon’s friendship with Prince Harry in early 2009. But since then, the low-key Landon has become even more private. He started out as an actor at the age of 14, but later decided to study Film in Bristol instead. He has since produced and directed a  low budget independent feature called Heroes and Villains. He also owned half of the New Tide Productions and Cave Wall Productions, two small companies which have since been dissolved. But his wealth stems from his late father, Tim Landon, who died of lung cancer aged 64 in July 2007. His father, a former army officer,  played a key role in the 1970 coup which deposed the then autocratic Sultan of Oman and installed his son Sultan Qaboos on the throne. He was rewarded handsomely and his assets included lavish homes and yachts. He owned Faccombe Estates, a farming operation based in Hampshire. In 2008-09 it made a  £645,000 loss on £1.8 million sales and showed £4.6 million net assets. It is owned by a Swiss parent. Landon also had an offshore company called Valurex. In December 2008 it was reported that the Faccombe Estate had been put up for sale with a £30 million price tag. Timothy Landon’s fortune was put at £500 million in books about Oman. But we still clip any inheritance received by his son to £200 million allowing for tax and any charitable donations by his late father.


5. Sir Euan Anstruther-Gough-Calthorpe, 44 & family

Property, £160 million

Calthorpe Holdings plunged into a £12.8 million loss in 2008-09 when its net assets also fell sharply from £21.6 million to £6.5 million. The company has been involved in an ambitious development programme in the Calthorpe estate covering 1,550 acres of leafy Edgbaston. This includes the award-winning £40 million Calthorpe House, the £110 million Edgbaston Galleries development and a £100 million University Science Park plan for the former BBC site at Pebble Mill. It was Anstruther-Gough-Calthorpe’s aim to make the estate the best place to live and work in the Midlands. But it has had to sell off assets and change its strategy to conserve cash during the severe property downturn. The estate dates back to 1717 but it was in 1985 that Anstruther-Gough-Calthorpe inherited his title from his late grandfather and the estate was part of his inheritance. The value of the estate will now be worth perhaps £80 million in the current climate. His trusts made around £40 million profit in 1999 by selling off 300 acres in Hampshire for development, leaving the family with 4,000 acres there. Anstruther-Gough-Calthorpe also has interests in America and property in Europe. We still value the Hampshire-based baronet at £160 million with other assets.


6. Clinton, 46, Spencer, 44, & John McCarthy, 71

Sheltered accommodation, £140 million

Specialist house builder Churchill Retirement Living predicts a shortfall of 62,500 retirement homes by 2020. As a result it is defying the downturn by buying 60 new sites. The Lymington-based operation is run by Spencer and Clinton McCarthy. In the year to May 2010, it should; make a £4.5 million profit.  The McCarthy brothers learnt all about the retirement home market from their father, John McCarthy who co-founded the McCarthy & Stone operation, which was floated on the stock market in 1982.  He grew the business but left in 2004 and sold his stake for £74.4 million.  His sons are very much in the driving seat at Churchill Retirement, which has recently been valued at about £120 million.

With the earlier sale proceeds and other assets, we value the McCarthy family at £140 million.


7. Jeff Smith, 65

Property, £119 million

Jeff Smith is one of Hampshire’s top business tycoons. He chaired AIM, the engineering company making cabins for aircraft and trains. The Southampton-based operation was recently sold to its management team. In 2008-09, profits at AIM soared to £15.1million on £106.8 million sales as demand for aircraft seats and refurbishment increased dramatically. The business, with £33.6 million net assets is easily worth £90 million. Smith had a £24 million stake. Smith’s main wealth is in a property company, Proudreed, which he owns jointly with Caspar Macdonald-Hall, another AIM director. It made £16.9 million profit on £35.3 million sales in 2008 and has over £183 million net assets. Smith’s stake there should be worth £90 million. We add £5 million for other assets.


8. Brian, 75, & Alan Stannah, 71

Industry, £102 million

Andover-based Stannah has invested £3.5 million to build a new 64,500 sq. ft factory in Newcastle, for its stairlifts division. The move comes as demand grows for its products from a rapidly ageing population. Brothers, Brian and Alan Stannah run the company which – aside from stairlifts, makes and maintains all types of passenger and goods lifts as well as powered chairs. Joseph Stannah founded the company in 1860 when he began experimenting with hand-powered lifts. It has subsidiaries in Holland, Italy and America and installs stairlifts in more than 50 countries. In 2008, profits came in at £10.1 million on £168.7 million sales. On that basis the company is worth around £90 million this year. Past salaries/dividends etc. add £12 million to the Stannah family.


9. Tony Todd, 63

Retail, £90 million

Micheldever Tyre Services could change hands for £200 million. But founder Tony Todd will not benefit from the sale. He sold it in 2006 to its management in early 2006 backed by private equity money. Todd started the operation in 1972 from a shed in Hampshire. Today it is Britain’s largest independent wholesaler and distributor of tyres, selling 5m annually. No sale price was disclosed in 2006 though respected legal journal, Legal Week, suggested a £150 million price tag. We are more cautious and value Todd, who has retired, at around £90 million allowing for tax.


10. John Partridge, 71, & Family

Industry, £80 million

John Partridge set up Sonardyne in a Hampshire garage in 1971. The Yateley-based company won a Queen’s Award in 2007 for its underwater positioning, subsea communications and acoustic navigation systems which cater to the offshore oil exploration, defence, subsea telecommunications, oceanographic and salvage industries. In 2008-09  Sonardyne’s profits fell from £19.3 million to £13.5 million on £47.9 million sales. With £38 million net assets, very low borrowings and a solid balance sheet, Sonardyne is worth £80 million even in today’s difficult environment. The Partridge family and family trusts own the highly-regarded operation.

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