Weatherbys Flashcards
When was Weatherbys formed?
1770 - James Weatherby was appointed secretary of the Jockey Club, Keeper of the Matchbook and Stakeholder
When was the first edition of the General Stud Book published?
1791
What services do Weatherbys provide today?
- administer racing under contract from the BHA
- register all TBs in Britain and Ireland with the GSB
- provide services to racecourses, trainers, owners, breeders etc
- in Ireland they have one of the top DNA testing labs in Europe
- Weatherbys Bank - used for payment of jockeys, trainers and the giving and receiving of prize money. Privately owned.
What are the different types of horse ownership?
Must be over 16 to own a racehorse.
- sole ownership
- company ownership
- syndicate
- partnership ownership
- racing club
Define SOLE OWNERSHIP
Sole ownership is for people who want to own a horse outright.
Define COMPANY OWNERSHIP
Company ownership is for organisations wishing to own a horse under the name of a company or business.
Define PARTNERSHIP OWNERSHIP
Partnerships are for two or more registered owners that wish to own a horse together. Likely to be family/friends.
Define a SYNDICATE
A syndicate is a group of people coming together to own a horse. The ownership is set up and managed by a syndicator. Comprised of a large number of people who do not have sole ownership.
Define a RACING CLUB
A racing club is a group of people coming together to experience racehorse ownership. The club manager is responsible for the racing club but the members do not own the racehorse. Members pay a subscription in order to benefit from some perks of racehorse ownership.
What is the purpose of Weatherbys Ltd?
- provides racing services to the BHA
- racecard production
- pedigree research
- printing, publishing and marketing
- ticket services to a range of sports
- 230 employees at Wellingborough HQ
What is Weatherbys Bank?
Was incorporated in 1994 when banking license was secured.
- Provides banking services to both those engaged in horseracing and increasingly to a wider audience
- authorised and regulated by the prudential regulation authority and financial conduct authority
- 100 total employees
Describe the General Stud Book
Incorporated in 2002. 10 employees based at Welingborough. Cover everything from a horse’s birth to death
What is the Point to Point Racing Company?
Incorporated in 1989, originally acquired by Weatherbys in 2003. In 2010 half of the business was bought by the Point to Point Authority
Provides publishing, admin, editorial services to point to point horseracing. Has 3 employees based at Wellingborough
What is Weatherbys Hamilton LLP?
Partnership formed in 2012 - half Weatherbys Bank and half Charles Hamilton. Provides brokerage services for bloodstock, property and liability insurance.
Insures 90% of British bloodstock and has 15 employees
What is Arkle Finance Ltd?
Incorporated in 1997. Provides commercial sset finance services. 100% subsidairy of Weatherbys Bank. 30 employees at Wellingborough
