1980s Carroll Group

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farnborough airport, hampshire


in addition pre-existing carroll businesses, gerald carroll active businessman in own right. claimed in 2001 sky news interview self-made man. launched bid quoted car dealership frank g. gates in 1985 specialised in spotting property development sites , obtaining planning permission them. in 1986, 85 group companies , carroll family art collection placed in trust, carroll foundation, estimated have net assets worth £250m, , on became principal vehicle through carroll group operated.


the group described integrated holdings group global capacity operating in australasia, europe, north america , u.s.s.r. businesses included meat processing , sheep farming in australia, financial services in caribbean, , commercial property holdings in ireland. group @ 1 time owned 5% of manchester ship canal. redeveloped farnborough airfield ministry of defence , carroll aircraft corporation held licence civil operations there.


directors of group companies included british establishment figures such air marshal sir barry duxbury, air marshal sir ivor broom, sir ewen broadbent, group captain peter townsend, sir curtis keeble (a former uk ambassador soviet union), , former environment minister sir eldon griffiths. conservative party organiser sir anthony garner director of carroll anglo-american group, carroll aircraft corporation , farnborough aerospace development corporation.


the carroll foundation agreed three-year sponsorship deal july cup @ newmarket racecourse, , gerald carroll became known lavish entertaining there , @ other events. in 1988, bought warren park stud farm @ newmarket captain marcos lemos £7 million 300 acres of land , large house. had collection of prestige cars included bentleys , lamborghinis. carroll bought yearling racehorse carroll house 32,000 guineas , sold him antonio balzarini. horse went on win prix de l arc de triomphe in 1989.


in 1989, group signed protocol of intent £150 million british-soviet trade centre built in moscow in conjunction balfour beatty. had gone ahead, project have included hotel, housing , offices. finance reported have been arranged samuel montagu , moscow narodny bank. in 1989, group had projects under way, excluding russian project, if realised have been valued @ around £2 billion. among u.k. projects £500 million mixed development @ valley park in croydon, @ hatfield, watford business park, , metroplex business park @ salford, greater manchester.








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