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| Type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 1770, 250 years ago |
| Headquarters | Wellingborough, Northamptonshire, England |
Number of locations | |
Key people |
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| Services |
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Number of employees | Approximately 500 |
| Subsidiaries |
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| Website | weatherbys |
The Weatherbys Group is a UK conglomerate involved in a wide range of activities largely within banking and horse racing. The original business was founded by James Weatherby in 1770.
James Weatherby was appointed to serve the Jockey Club as its secretary and stakeholder in 1770. He was an able and entrepreneurial man and over the next 25 years laid strong foundations for the business.
Under his aegis, his first racing calendar was published in 1773, followed, in 1791, by the publication of The General Stud Book, a definitive record of the pedigrees of approximately 400 horses which became the foundation for all thoroughbred bloodstock worldwide. [1] He was assisted in this by his nephew, whose work on racehorse pedigrees dovetailed neatly with James's racing work.
For the next 250 years, Weatherbys has continued in the role of administrators to the Jockey Club. Today, every data detail relating to horses, owners, trainers, jockeys, stable employees and races is processed through Weatherbys. All of the 10,500 Thoroughbred races held in Britain each year are drawn together at the company's Northamptonshire HQ. The firm still owns and publishes the General Stud Book, recording the production of thoroughbred bloodstock in Britain and Ireland.
There has been diversification.
Into printing – the Racing Calendar, racecourse racecards and even publications entirely divorced from racing and breeding form an impressive portfolio. Into laboratory testing - with Weatherbys owning one of Europe's most prestigious genomic-testing facilities for equine and agricultural stock.
And into banking.
There was always the handling of money. From the guineas of 18th century aristocrats to more than £160m of prize money in 2018, the role of “Stakeholder” has always remained vested in Weatherbys.
For the principal participants in the sport, Weatherbys offered accounting facilities. Holding their winnings to fund their future race entries. By the 1980s, the firm was effectively offering racehorse owners a current account alongside an option for short-term borrowing. Discussions with the Bank of England in 1994 resulted in Weatherbys acquiring a banking licence and the founding of their banking division.
For the first few years, Weatherbys Bank served its traditional client cohort – racehorse owners, breeders, trainers and a payroll office for jockeys. The banking licence enabled a full suite of financial offerings. Clients had chequebooks, debit cards, loans, term deposits and foreign exchange services.
In 1997, Arkle Asset Finance, a 100% subsidiary of Weatherbys Bank, was established to provide commercial asset finance services. By 2006, Weatherbys Bank was ready to develop into Weatherbys Private bank and Weatherbys Racing Bank. An office was opened in central London, and Weatherbys Private Bank was devised with wealth criteria applying, but Thoroughbred connection for clients removed. Weatherbys Bank continued to provide services for those engaged in racing and breeding, with approximately 10,000 owners, trainers and jockeys on the books today. The majority of Weatherbys Private Bank's clients are now unconnected to racing.
In 2012, the insurance broking business, Weatherbys Hamilton was constituted as a partnership with a number of partners providing brokerage services for bloodstock, property and liability insurance.
In 2020, it will be 250 years since the Jockey Club appointed James Weatherby effectively as its secretary The firm has prospered since and remains in family ownership. Johnny and Roger Weatherby, the seventh generation of the family, run the company today - an unbroken history of family ownership for 249 years.
Weatherbys Ltd The founding company which today is primarily responsible for providing racing services to the British Horseracing Authority (BHA), along with racecard production, pedigree research, printing, publishing, marketing and ticketing services to a range of clients.
Weatherbys GSB Ltd Responsible for General Stud Book registrations, administration and publishing in Great Britain. 100% subsidiary of Weatherbys Ltd.
The Point-to-Point Racing Company Ltd In 2010, half of the business was bought by the Point-to-Point Authority and this shared ownership (Weatherbys/PPA) remains in place. Provides publishing, administrative and editorial services to the sport of Point-to-point (steeplechase) horse racing in Great Britain.
Weatherbys Ireland Ltd Provides laboratory and other commercial services, largely to the Irish equine industry. Recently diversified to provide extensive DNA and genomic testing services to agricultural stock.
Weatherbys Ireland GSB Ltd Responsible for General Stud Book registrations, administration and publishing in Ireland. 100% subsidiary of Weatherbys Ltd.
Weatherbys Private Bank provides banking services and investment & wealth advice to a wide range of private individuals. Authorised and regulated by the PRA and FCA the Bank has offices in London, Wellingborough and Edinburgh.
Weatherbys Racing Bank provides banking services to those engaged in horse racing. Authorised and regulated by the PRA and FCA, employees are based in Wellingborough HQ.
Arkle Finance Ltd Incorporated in 1997 to provide commercial asset finance services. 100% subsidiary of Weatherbys Bank.
Weatherbys Hamilton LLP Constituted as a partnership in 2012, drawing together 45% involvement from Weatherbys Bank Ltd and 50% from individual partners. Providing brokerage services for bloodstock, property and liability insurance. Offices in Wellingborough, London, Newmarket, Penrith and Swindon.
The Darley Arabian was one of three dominant foundation sires of modern Thoroughbred horse racing bloodstock. The other two founders were the Godolphin Arabian and the Byerley Turk. This bay Arabian horse was bought in Aleppo, Syria, by Thomas Darley in 1704 and shipped to Aldby Park in England, as a present for his brother.
Thoroughbred horse racing is a spectator sport in Australia, and gambling on horse races is a very popular pastime with A$14.3 billion wagered in 2009/10 with bookmakers and the Totalisator Agency Board (TAB). The two forms of Thoroughbred horseracing in Australia are flat racing, and races over fences or hurdles in Victoria and South Australia. Thoroughbred racing is the third most attended spectator sport in Australia, behind Australian rules football and rugby league, with almost two million admissions to 360 registered racecourses throughout Australia in 2009/10. Horseracing commenced soon after European settlement, and is now well-appointed with automatic totalizators, starting gates and photo finish cameras on nearly all Australian racecourses.
Eclipse was an undefeated 18th-century British Thoroughbred racehorse who won 18 races, including 11 King's Plates. He raced before the introduction of the British Classic Races, at a time when four-mile heat racing was the norm. He was considered the greatest racehorse of his time and the expression, "Eclipse first, the rest nowhere" entered the English vernacular as an expression of dominance.
The General Stud Book is a breed registry for horses in Great Britain and Ireland. More specifically it is used to document the breeding of Thoroughbreds and related foundation bloodstock such as the Arabian horse. Today it is published every four years by Weatherbys. Volume 48 was published in 2017
Sir Hercules (1826–1855) was an Irish-bred Thoroughbred racehorse, and was later a successful sire.
Precipitation was an influential British-bred Thoroughbred stallion who is found in the pedigrees of many racehorses and sport horses today. He is responsible for helping maintain the Matchem sireline through his son, Sheshoon.
Gainsborough (1915–1945) was a British bred Thoroughbred racehorse who won the English Triple Crown in 1918 and became a superior sire.
Crepello (1954–1974) was a British-bred Thoroughbred racehorse which won England's most prestigious race, the Epsom Derby in 1957 and was later a Leading sire in Great Britain & Ireland.
Thoroughbred breeding theories, or racehorse theories, are used by horse breeders in an attempt to arrange matings that produce progeny successful in horse racing. Bloodstock experts also rely on these theories when purchasing young horses or breeding stock. A basic understanding of these theories can also help the racing public understand a horse's theoretical genetic potential. The breeding theories stem from the belief that careful analysis of bloodlines can lend predictability to breeding outcomes. A well-designed mating increases the probability of the offspring's success, although many other factors also come into play.
The Thoroughbred is a horse breed developed for horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed. Thoroughbreds are considered "hot-blooded" horses that are known for their agility, speed, and spirit.
The Jersey Act was introduced to prevent the registration of most American-bred Thoroughbred horses in the British General Stud Book. It had its roots in the desire of British horse breeders to halt the influx of American-bred racehorses of possibly impure bloodlines during the early 20th century. Many American-bred horses were exported to Europe to race and retire to a breeding career after a number of U.S. states banned gambling, which depressed Thoroughbred racing as well as breeding in the United States. The loss of breeding records during the American Civil War and the late beginning of the registration of American Thoroughbreds led many in the British racing establishment to doubt that the American-bred horses were purebred.
Pharos was a British bred thoroughbred racehorse and a leading sire in Great Britain and Ireland.
Thoroughbred valuation is the art of determining the value or potential value of a Thoroughbred horse, particularly of race horses.
The Australian Stud Book (ASB), is the body responsible for ensuring the integrity of Thoroughbred breeding in Australia. Australia is the second-largest Thoroughbred breeding country in the world behind the US. The principal functions of the ASB include identification procedures along with DNA testing of mares and foals and the recording of a mare’s progeny and stallion statistics. In 2003 the ASB introduced microchips for foals, which is the most secure means of horse identification when and combined with freeze branding, provides racing officials with the most dependable identification system in the world.
Americus, was an American Thoroughbred racehorse who was exported to England. He had some success as a racehorse, but was more notable for his influence at stud. He was bred in California and won the 1895 Culver Stakes prior to his export. He continued to race in England, until he was nine years old, while also standing as a breeding stallion. He stood at stud in Italy, Ireland, Germany, and Belgium before dying in Germany in 1910. Americus' most famous descendant was his great-granddaughter Mumtaz Mahal.
Firebrand (1839–1861) was a British Thoroughbred racehorse and broodmare who won the classic 1000 Guineas at Newmarket Racecourse in 1842. The race was the only competitive win of the filly's racing career: her other success came when she was allowed to walk over at Newmarket a year later. In all, Firebrand ran ten times between July 1841 and May 1843, recording two wins and four places.
Cobweb (1821–1848) was an undefeated British Thoroughbred racehorse and who won two British Classic Races as a three-year-old and went on to become a highly successful broodmare. Cobweb's racing career consisted of three competitive races in the early part of 1824. After winning on her debut she claimed a second prize when her opponents were withdrawn by their owners. She then won the 1000 Guineas at Newmarket Racecourse and the Oaks Stakes at Epsom Downs Racecourse before being retired to stud.
Bourbon was a British Thoroughbred racehorse that won the 1777 running of a race that would later be called the St. Leger Stakes.
Young Traveller was a British Thoroughbred racehorse best known for winning the classic St Leger Stakes in 1791. Bred and originally campaigned in Yorkshire he won two of his three races as an unnamed three-year-old in 1791. On the day after his classic victory he defeated an unusually strong field of older horse to become the first St Leger winner to also win the Doncaster Cup. In the following year he was sold, renamed and raced mainly in Scotland, winning a further five races before the end of his racing career. Young Traveller does not appear to have been used as a breeding stallion.
Voluptuary was a Thoroughbred race horse that won the 1884 Grand National. He had a varied racing career, competing in flat racing before becoming the first horse to win a Grand National without competing in a previous year. He was also the first National winner that had also run in the Epsom Derby. After Voluptuary retired from racing, he received critical acclaim for portraying the racehorse "The Duke" in the play The Prodigal Daughter, which included an on-stage reenactment of a Grand National-type water obstacle.
