46= Pa­trick Ridg­well & Fam­ily

Essex Life - - Rich List -

Food, £50m

Pa­trick Ridg­well joined the Napier Brown foods busi­ness in 1964 and six years later his fam­ily took over the busi­ness. In 2004, Lon­don-based Napier Brown floated on the stock mar­ket, net­ting the Ridg­well fam­ily around £20m in cash. 18 months later Ridg­well sold the busi­ness out­right to ri­val Real Good Food and the Ridg­well fam­ily should have picked up around £34m in shares. Months pre­vi­ously Ridg­well net­ted £26.7m by sell­ing sand­wich, sushi and salad-maker Sol­way to North­ern Foods. To­day Brent­wood-based Ridg­well is the largest share­holder in Real Good Food with a £12m stake. In 2004, var­i­ous Ridg­well fam­ily in­ter­ests and its stake in Real Good Foods were amal­ga­mated in a new Napier Brown Hold­ings. It showed £30.2m net as­sets in 2013-14. In all the Ridg­well fam­ily should still be worth £50m.

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