Sir Nigel Broackes (21 July 1934 – 29 September 1999) was an English businessman and the founder of Trafalgar House, one of the United Kingdom's largest contracting businesses.
Sir Nigel Broackes | |
|---|---|
| Born | Nigel Broackes 21 July 1934 Wakefield, Yorkshire, England |
| Died | 29 September 1999 (aged 65) Chelsea, London, England |
| Education | Brambletye School Stowe School |
| Occupation | Businessman |
| Known for | Founder of Trafalgar House |
| Spouse | Joyce Edith Horne (née Skidmore) |
| Children | 3 |
Career
editBorn in Wakefield, Broackes was the son of solicitor Donald Broackes and artist Nancy Rowland (née Tansley) Broackes. His father died in 1943 whilst serving in the Army, leaving only a small estate. With his mother denied a war pension as her husband had died of natural causes, Broackes was raised in straitened circumstances. His paternal grandfather, despite having been on bad terms with his son, left money for his grandson's education.[1] Broackes was educated at Brambletye School in Sussex and Stowe School, and joined Stewart & Hughman, a firm of Lloyd's underwriters, on leaving school.[1] He then did national service from 1951 to 1953 with the 3rd Hussars,[2][1] and was commissioned as a second lieutenant in the Royal Armoured Corps in 1953,[3] leaving in 1954[4]
After completing his national service, Broackes returned to Stewart & Hughman for a short time before deciding to go into business himself; three "unsuccessful and diverse ventures" in house conversion, hire purchase, and tool-making used up most of the inheritance he received from his grandfather, but he came to realize the development potential of London bomb-sites. He worked for a West End estate agent for a short time to learn the property business, and a stockbroker friend of his mother helped him come into contact with potential financial backers.[1] Using his last remaining asset, a small apartment block,[5] and with the support of Eastern International, a small finance house, he started buying up bomb sites in London.[1] Eastern International became Trafalgar House and Broackes took a 21% stake in the business when it was first listed on the London Stock Exchange in 1963.[1] In 1964 the Company took a 49% stake in Bridge Walker, a construction company owned by Victor Matthews.[1] After that Broackes and Matthews worked together to build Trafalgar House into one of the United Kingdom's largest contracting businesses.[1] Trafalgar House owned the Cunard Line from 1971 to 1998. Broackes resigned in 1992 following heavy losses associated with a diversification into offshore activities.[1]
In 1979 Broackes became chairman of the London Docklands Development Corporation, from which post he resigned in 1984.[1] He was knighted for his role at that organisation in 1984.[6]
He died in 1999 in Chelsea and is buried in the church of St Peter and St Paul, Checkendon. His estate was valued at over £16 million; his wife, who died in 1993, left an estate of over £5 million.[7][1][8]
Family
editHe was married (as her second husband) to Joyce Edith Horne, née Skidmore; they had two sons and a daughter.[1]
Arms
edit
|
References
edit- ^ a b c d e f g h i j k l Moss, Michael S. (2004). "Broackes, Sir Nigel (1934–1999), financier and industrialist". Oxford Dictionary of National Biography (online ed.). Oxford University Press. doi:10.1093/ref:odnb/72953. ISBN 978-0-19-861412-8. (Subscription or UK public library membership required.)
- ^ Debrett's People of Today, Debrett's Peerage Ltd, 1995, p. 249
- ^ "No. 39877". The London Gazette (Supplement). 2 June 1953. p. 3099.
- ^ Who was Who, vol. X, 1996-2000, St Martin's Press, Palgrave Macmillan, 2001, p. 67
- ^ "Sir Nigel Broackes, British Magnate, Dies". Washington Post. Retrieved 18 February 2022.
- ^ "No. 49966". The London Gazette. 27 December 1984. p. 17387.
- ^ "Checkendon Churchyard Memorials". Find a grave. Retrieved 15 January 2018.
- ^ "Wills". The Independent. 18 September 2011. Archived from the original on 20 June 2022.
- ^ "Goldsmiths Hall, 85 Broackes N". Baz Manning. Retrieved 22 November 2020.
Further reading
edit- Broackes, Nigel (1979). A Growing Concern. Littlehampton Book Services. ISBN 978-0297776543.