Heytesbury Pty. Ltd.
[1]Heytesbury Pty Ltd is the privately owned company of the Holmes à Court family in Western Australia.
Originally called Heytesbury Holdings, the company was formed by Robert Holmes à Court in the 1970s as the holding company of his rapidly expanding financial empire. After the sale of its interests in Bell Group and Bell Resources in 1988, Heytesbury became an active private investment vehicle, acquiring Stoll Moss Theatres and Sherwin Pastoral Co, and investing in companies such as Jaguar Cars, Christies, Standard Chartered Bank and U.S. Steel.
Following the death of Robert Holmes à Court in 1990, his widow Janet Holmes à Court took over the management of Heytesbury. Over the next decade a number of assets were sold to reduce the company's large debt load, including the Stoll Moss Group, a number of cattle stations in Northern Australia, and John Holland Group (which had been purchased after Robert's death).
In 2000, the eldest son, Peter Holmes à Court, settled out of court with his family to gain his inheritance from Heytesbury. The family was forced to sell off much of its asset base to enable the payout. Robert Holmes à Court, died intestate leaving his wife Janet one third of the family fortune with the four children getting the other two thirds. The amount Peter received was reported as A$35 million.[2]
Shortly afterwards in 2000, Paul Holmes à Court, the youngest son of Robert and Janet Holmes à Court took over the management of Heytesbury. In the same year, Peter Holmes à Court was appointed to the position Chief Executive Officer of the Australian Agricultural Company and was responsible for re-listing AACo on the Australian Stock Exchange. This set Peter up in direct competition with the family with the primary business of both Heytesbury and the AACo being cattle.
In 2008, Paul bought out his other family shareholders and took sole ownership of the company.
Heytesbury now owns a number of large cattle stations in Northern Australia (including the famous Victoria River Downs), Vasse Felix (Margaret River's first winery) and the thoroughbred stud Heytesbury Stud near Perth.
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