Terence Mordaunt

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Terence Mordaunt
Born
Terence Charles Mordaunt

May 1947 (age 74)
Surrey, UK
NationalityBritish
EducationWells Cathedral School, University of Bristol
OccupationEntrepreneur
Years active1991–present
Known forOwner of Bristol Port
Title
Parents
  • Archibald Mordaunt (father)
  • Diana Gresty (mother)

Terence Charles Mordaunt (born May 1947)[1] is a British entrepreneur and chairman and co-owner of The Bristol Port Company.

He is also chairman of Pendennis Shipyard, founder of The Mordaunt Foundation, chairman of the Global Warming Policy Foundation, and trustee of The Outward Bound Trust.[2][3][4]

Early life and education[]

Mordaunt was educated at Wells Cathedral School in Somerset, England, which he attended between 1958 and 1965.[5]

He received an honorary doctorate from the University of Bristol in 2000.[6]

Career[]

Early career[]

Mordaunt started his career as a navigating apprentice in the Merchant Navy. He obtained his master’s ticket in 1974.[5]

He was later a Distribution Manager for Alcan UK, before becoming Commercial Director at housebuilder Bellway plc in 1983, where he was responsible for large land acquisitions.[5]

In 1986, Mordaunt founded management consultancy First Corporate Consultants.[5]

The Bristol Port Company[]

Mordaunt is co-owner and chairman of the cargo handling business The Bristol Port Company, where he has a controlling interest. He and his business partner Sir David Ord founded the company when they purchased the 150-year lease in Avonmouth and Royal Portbury Docks from Bristol City Council for £36 million in 1991.[5]

In 2015, Bristol City Council sold the freehold of the port to the company for £10 million, but retained a 12.5% non-voting stake in the company.[7]

Other activity[]

Mordaunt is chairman of Pendennis Shipyard, a Falmouth-based company that builds and refits luxury yachts, which had a turnover of £52m in 2017.[8][9] In 2019, Mordaunt officially handed over a collection of letters written by Isambard Kingdom Brunel to the SS Great Britain Trust when they were discovered at Bristol Port.[10]

In 2016, Mordaunt founded The Mordaunt Foundation, which provides grants to a number of regional, national and international organisations.[5] He is a Trustee of the Outward Bound Trust.[11][5]

Political activity[]

Mordaunt is a patron of Conservative Way Forward, a British Thatcherite think tank.[12]

In April 2017 Mordaunt joined the board of the Global Warming Policy Foundation, a think tank which has been characterized as promoting climate change denial, succeeding Nigel Lawson as chairman in 2019[13][14] In 2019, he told OpenDemocracy that, "No one has proved yet that carbon dioxide is the culprit [of climate change]. It may not be", adding that “If you ask me should we just put carbon dioxide in the air, I would say 'no'. And that is the stance of the Global Warming Policy Foundation".[2]

In 2019, The Bristol Port Company gave Boris Johnson and Jeremy Hunt £25,000 each for their campaigns to become the Conservative Party leader. Mordaunt and Ord have given over £640,000 to the Conservative Party since 2001.[15][16] Mordaunt was listed as the 13th biggest donor to the pro-Brexit campaign.[17]

References[]

  1. ^ "Terence Charles MORDAUNT - Personal Appointments (free information from Companies House)". find-and-update.company-information.service.gov.uk. Retrieved 2021-07-29.
  2. ^ a b Gogarty, Conor (2020-01-22). "The Bristol Port multi-millionaire who leads a climate sceptic group". BristolLive. Retrieved 2021-07-29.
  3. ^ "THE OUTWARD BOUND TRUST :: United Kingdom :: OpenCorporates". opencorporates.com. Retrieved 2021-07-29.
  4. ^ "Our history | The Bristol Port Company". www.bristolport.co.uk. Retrieved 2021-07-29.
  5. ^ a b c d e f g "Terence Mordaunt | The Bristol Port Company". www.bristolport.co.uk. Retrieved 2021-07-29.
  6. ^ Bristol, University of. "Honorary graduates - 1995-2015". www.bristol.ac.uk. Retrieved 2021-07-29.
  7. ^ "Avonmouth and Portbury Docks freehold sold for £10m". BBC News. 2015-08-04. Retrieved 2021-07-29.
  8. ^ "Pendennis reports record turnover". Marine Industry News. 2018-08-22. Retrieved 2021-07-29.
  9. ^ "Leadership". Pendennis Shipyard. Retrieved 2021-07-29.
  10. ^ "Treasure trove of letters written by Isambard Kingdom Brunel surface in 'extremely rare' find". The Independent. 2019-04-03. Retrieved 2021-07-29.
  11. ^ "Our trustees and patrons". Outward Bound Trust. Retrieved 2022-01-12.
  12. ^ "Our Team". Forward!. Retrieved 2021-07-29.
  13. ^ Heubl, Ben (2020-01-28). "UK climate change sceptics group is stronger than ever". eandt.theiet.org. Retrieved 2021-07-29.
  14. ^ "Bristol Power List 2020". Bristol 24/7. 2020-01-31. Retrieved 2021-07-29.
  15. ^ "Revealed: Climate change denier makes big donations to Boris Johnson and Jeremy Hunt". openDemocracy. Retrieved 2021-07-29.
  16. ^ "Tory leadership donations: who's really backing Boris Johnson". the Guardian. 2019-07-05. Retrieved 2021-07-29.
  17. ^ "Top Conservative donors hit out over fears Brexit 'will never happen'". Politics Home. 2020-02-25. Retrieved 2021-07-29.
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