Billionaire inventor Sir James Dyson has gifted Dyson Farming, the United Kingdom’s largest agricultural business, to his three children in succession preparations for his ten billion pound empire, Il Sole 24 ORE reported.
The holding company Heydon Limited acquired the entire share capital of the farm last month. The company was established in August and is headed by Emily Dyson-Paley, Jake Dyson, and Samuel Dyson.
This move organizes ownership around three family branches, one for each child. Certain decisions, including the appointment or removal of a chairman, require the approval of all three branches. Family members are also prohibited from transferring their shares.
Daughter Emily is 55 years old, a fashion designer, and founder of a boutique in Notting Hill. Jake is 54 years old and serves as chief engineer at his father’s company. Samuel is 48 years old and an entrepreneur in the music industry.
Sir James is nearly 80 years old, one of the staunchest supporters of Brexit, and has returned to the UK for tax purposes after years of living in Singapore. He built his colossus on vacuum cleaners and household appliances, with his latest invention being the supersonic toothbrush.
The decision comes after the tycoon criticised the Labour Party over the taxation of family-run farms. The Government has introduced a form of wealth tax on land and farms passed down from father to son.
It is effectively a 20 per cent inheritance tax on agricultural assets. This risks leading many farmers’ heirs to refuse their inheritance and sell the land to multinational food companies.
Mr Dyson has repeatedly accused Labour of pursuing a revenge economy. He cited other measures as well, such as the increase in payroll taxes and the minimum wage.
| Asset / Metric | Details |
|---|---|
| Holding Company | Heydon Limited |
| Total Area | 36,000 acres (approximately 14,500 hectares) |
| Total Assets | Approximately £640 million (property, cash, agricultural machinery) |
| Geographic Spread | Lincolnshire, Oxford, and Somerset countryside |
| Inception Year | 2012 |
Dyson Farming was founded in 2012. It possesses assets totalling approximately 640 million pounds comprising property, cash, and agricultural machinery.
The business covers an area of 36,000 acres across various plots spread across Lincolnshire, the Oxford and Somerset countryside, representing the country’s most agriculturally productive region.
