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his father” in 2017. During the case numerous accusations were exchanged by both sides, with claims
Manheim misused company funds and counterclaims that Bamford misused his email addresses for illegitimate personal reasons. It ended with the court denying Bamford’s request to take control of the company. The court also noted that Bamford tried to structure the company to minimise his UK tax bill, saying, “Bamford was interested in holding his interest through an entity rather than personally, which he believed would help minimise his taxes in the United Kingdom.” The court case, according to
303:. The two went into business together in 2011. They paired up to purchase the former military airfield 500-acre Woodford BAE Systems property. Harvey and Bamford formed a company together, called Avro Heritage. In 2012, Bamford filed a lawsuit against Harvey and Avro Heritage. The lawsuit was over a dispute about Harvey allegedly misrepresenting parts of the deal to Bamford when Bamford became a personal guarantor to the loan payments. The judge said that he felt both parties had been “driven by tactical maneuvering seeking to impose a cost burden by one upon the other.” The
277:, Bamford "broadened the appeal of the company’s utility product range to new industry sectors" while in the position. This included the launch of the JCB Workmax. In October 2011, Bamford was given an additional role as managing director of JCB Compact Products. The combined turnover of both businesses at the time was in excess of £150 million.
203:), following in the footsteps of his father who also attended it. Bamford worked at his parents' businesses when he was home from Ampleforth. In an interview, Bamford stated he would often be "bolting together engines on the 6am shift for one and birthing lambs on the farm for the other." After Ampleforth College, he attended the
244:, later one of London's largest financial institutions. The Bamford family backed Jo's decision to join New Star by becoming early investors in the asset management firm. It was leaked to the press that Bamford had failed his first IMC exam. Bamford finished the year deciding to temporarily leave the UK to work abroad in
421:
In 2021, Bamford sued an ex-business partner Joseph
Manheim in the U.S. in a dispute over control of a company that the two started together. The business was designed help wealthy, foreign investors get residence in the U.S. in 2017 when Bamford “was strapped for cash following disagreements with
519:
He also served as a director at the following firms, but resigned: BHoldings Ltd., J.C. Bamford
Excavators Ltd., J.C.B. Earthmovers Ltd., J.C.B. Sales Ltd., JCB Cab Systems Ltd., JCB Compact Products Ltd., JCB Heavy Products Ltd., JCB Landpower Ltd., JCB Materials Handling Ltd., JCB Power Systems
332:
plants. To advance hydrogen projects, Bamford started HYCAP, a hydrogen investment fund. He raised more than ÂŁ200m in its first investment round. He is also the owner of Oxford-based Ryze
Hydrogen Ltd, which produces hydrogen to fuel up his hydrogen-powered buses. Bamford said that his family
449:
so the dramatic cut in employees was required. By the start of 2020, Wrightbus had regrown its employee base back to 400, and by August 2021 up to 900. Wrightbus continued to focus on hydrogen and battery solutions under
Bamford's guidance, securing hydrogen bus contracts in
480:, announced in late 2022 that it would be entering into a joint venture with Ryze Hydrogen. The two companies would together develop a hydrogen pathway with the aim of "kickstarting the UK hydrogen economy." Ryze Hydrogen, Hygen Energy and
385:. Despite Bamford emerging as an ideal owner for Wrightbus, negotiations between Bamford and the previous owners saw much public wrangling in the press. Most of the disagreement was around the purchase price of the Wright family-owned
515:
Bamford has served on the board of directors of dozens of companies. Currently, he is on the board of directors for
Bamelectrics Ltd., Nelelectrics Ltd., JCB Consumer Products Ltd., JCB Ltd., and J.C.B. Service.
520:
Ltd., JCB Transmissions, JCB Power
Products Ltd., JCB Finance (Leasing) Ltd., JCB Finance Ltd., Landpower Leasing Ltd., Lucas Love Ltd., RAJ Capital Ltd., Panholdco Ltd., and Panholdco 2 Ltd.
1168:
182:, the British manufacturer of construction and farming equipment that was founded by his grandfather. His mother is the founder of Daylesford Organic, a farming and lifestyle business.
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Bamford was promoted in 2014 to head of major contracts at JCB. He remained part of the senior management team at JCB until 2016, a year in which the company celebrated
259:. It was the first time he had worked at the company after spending short periods there as a teenager while studying. His first role was as a product specialist for the
342:
Since starting Ryze
Hydrogen in 2019, Bamford has lobbied the UK government in favour of hydrogen-technology adoption. After “sustained lobbying” from Bamford, the
1439:
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later announced it was opening proceedings to disqualify 14 directors of
Wrightbus, due to alleged unfit conduct. Bamford emerged as the preferred bidder for
1409:
1013:
248:. It was stated that Bamford had become "tired" of the media attention he was receiving in the UK at the time and that played a major part in his decision.
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428:, provided the public "an extraordinary insight into a world of extreme wealth and privilege within one of Britain’s most prominent industrial families."
1344:
1319:
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749:
810:"Bamford & Ors v Harvey & Anor, [2013] Bus LR 589 | England and Wales High Court (Chancery Division), Judgment, Law, casemine.com"
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had been completed. Local MPs were both praised and criticised for their involvement in the process. Bamford and the local media suggested MP
1242:
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296:. He and ex-business partner Harry Harvey parted ways after the deal, with Bamford believing Harvey had misrepresented parts of the deal.
1186:
465:
in
September 2022 and formed Hygen Energy. The joint venture aim is to build, fund and management hydrogen production facilities in the
158:
investment fund in 2021 and subsequently became involved in a number of hydrogen-focused businesses. Bamford is also a board member of
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In 2012, Bamford took Harvey to court in a dispute about a personal loan when the two purchased property from aerospace company
643:
404:. Jeff Wright, the previous owner of Wrightbus, called Paisley's involvement a “vote campaigning exercise.” Paisley wrote an
365:
entered administration in September 2019. Directors at Wrightbus blamed low registrations of new buses as the cause, but the
193:
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208:
19:
This article is about Joseph Cyril Edward Bamford (b. 1977). For his grandfather, Joseph Cyril Bamford (1916–2001), see
288:. Many different plans were touted for the site, a large section of the site was earmarked for housing, with developer
1434:
1369:"Jo Bamford: "It's not the bus. The issue is on infrastructure". Here H2 technology has cards to play. Our interview"
366:
671:
Methven, Charles. “Features - Peterborough - Bamford heir fluffs City exams.” The Daily Telegraph. Nov. 23, 2002.
339:
has called him a "hydrogen evangelist"; he is an advocate for the adoption of hydrogen energy in transportation.
1368:
346:
announced a programme to convert public transportation in towns into all-electric hydrogen buses. According to
547:
in 1945. The Bamford family is one of the biggest political financial backers behind former UK Prime Minister
753:
373:
in early October, as he was already familiar with the company. Bamford's hydrogen company Ryze had signed a
241:
204:
197:
74:
1207:"New Company Formed to Own and Operate Commercial Scale Hydrogen Production Facilities in UK & Ireland"
1414:
1404:
543:, a manufacturer of excavators, earthmovers and farming equipment, with over 10,000 employees, founded by
481:
750:"New 'landmark' building could provide shops, a cafe and health facilities for 950-home garden village"
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236:. New Star was still in its infancy having only been founded a year earlier and was the brainchild of
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thanking Bamford for investing in the company and ensuring the bus manufacturer would remain in
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435:. The administrator had reduced Wrightbus' employee count in 2019 from 1,200 down to just 56.
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Following Bamford's takeover, journalists began to speculate how many jobs could be saved in
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401:
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492:. The facility will use renewable energy to power an electrolyser which will produce clean
1221:"Centrica rolls out bold plans to kickstart a 'UK hydrogen economy' via niche player Ryze"
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190:
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1289:"UK's Hycap Group collaborate to set-up hydrogen-focused industrial complex in Abu Dhabi"
1085:"JCB heir fails to take control of US company at centre of legal row with ex-best friend"
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799:“Derivative claim inappropriate; Law Report.” The Times. 7 December 2012. Via Factiva.
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1169:"Wrightbus owner Jo Bamford: 'I have a family of 400 now and I have to make it work'"
680:
Adams, Guy. “Features - Peterborough - Bamford shoots the messenger on the way out.”
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was “very, very keen that we push hydrogen” after meeting with Bamford about it.
309:
in December 2012 reported that the judge called Bamford’s claim “inappropriate.”
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After graduating from college, Bamford choose to pursue a career in finance in
539:, "is one of the U.K.'s most successful industrialists", chairman of the UK's
455:
289:
973:"Wrightbus deal - 'I was asked for significantly higher sum' says Jo Bamford"
1345:"Jo Bamford, the billionaire's son who took the bus and is turning it green"
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the year prior with Wrightbus, after winning a ten-year contract to convert
370:
362:
144:
92:
1275:"Bradford Hydrogen Production Facility Shortlisted For Government Funding"
662:
Gilbert, Nick. “JCB family backs New Star.” eFinancial News. Aug 12, 2002.
328:. He formed Ryze in 2017, which aimed to create the UK's first network of
228:
instead of opting to join JCB. He secured his first financial role in the
849:"JCB and Ryze make multi-billion pound investment in hydrogen production"
771:
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504:
493:
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382:
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Jo Bamford is heir to a multi-billion pound family fortune. His father,
787:
Bamford & Ors v Harvey & Anor EWHC 2858 (Ch) (18 October 2012)
1320:"Jo Bamford, heir to $ 10 Billion JCB Fortune, launches hydrogen fund"
267:. Beginning in 2004, Bamford was managing director of the subsidiary,
1141:"Green cards, cannabis and a strip club: JCB heir in US legal battle"
928:"Wrightbus: 1,200 job losses confirmed as firm enters administration"
378:
292:. One former aerodrome building was converted to an aviation museum,
225:
484:
then announced the development of a hydrogen production facility in
1032:"Bamford 'deal done with Wright family' - praises MP for hard work"
947:"Wrightbus: Court date looms for Jeff Wright and company directors"
499:
In February 2024, Bamford's investment arm Hycap opened offices in
324:
After working at JCB for over a decade, Bamford moved his focus to
405:
143:(born December 1977) is a British businessman. He is the owner of
461:
Bamford's HydraB and Armstrong Capital Management entered into a
333:
provided half of the initial round of investment into HYCAP. The
280:
In 2011, Bamford partly funded the purchase of a 500 acre former
1014:"Bamford closes deal to acquire Wrightbus out of administration"
995:"As Bamford takes Wrightbus reins, how many jobs can be saved?"
1260:
1049:
1046:"Wrightbus: Jeff Wright 'can't reach deal' for Ballymena firm"
931:
835:"Bronze Artwork Honors 'Mr JCB' on the Centenary of his Birth"
316:'s centenary year with a bronze bust at the JCB headquarters.
178:. His father spent his career working for the family business
148:
866:"JCB heir Jo Bamford launches ÂŁ1bn hydrogen investment fund"
320:
Hydrogen businesses and Wrightbus acquisition (2017–present)
1111:"JCB heir Jo Cyril Bamford embroiled in lurid court case"
696:"JCB founder's grandson new boss of compact machines arm"
400:
played a key part in securing the future of Wrightbus in
1162:
1160:
731:"BAE Systems' Woodford site could become film studios"
392:
On 22 October 2019, Bamford announced the purchase of
1239:"Centrica and Ryze agree to develop hydrogen pathway"
1064:"Move by Bamford a vote of confidence in workforce"
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768:"New Stockport museum 'to display Vulcan bomber'"
711:"JCB heir closing in on deal for Vulcan airfield"
1257:"Plans unveiled for hydrogen energy hub in city"
255:and spending time in China, Bamford returned to
783:
781:
619:"Hydrogen evangelist sees 'dawning of an age'"
644:"The JCB heir with big money in green energy"
8:
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891:"JCB heir Jo Bamford launches hydrogen fund"
570:"JCB heir Jo Bamford launches hydrogen fund"
25:
913:“Shapps reveals hydrogen bus town plan.”
1012:McDonnell, Francess (October 22, 2019).
263:at JCB’s North American headquarters in
162:, which was founded by his grandfather.
1034:. Ballymena Guardian. October 11, 2019.
971:Blackadder, Dessie (October 10, 2019).
560:
1308:Companies House Direct database search
1304:
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1167:Canning, Margaret (January 30, 2020).
945:Canning, Margaret (28 February 2023).
1440:People educated at Ampleforth College
1425:Alumni of the University of Edinburgh
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860:
858:
837:. Construction Equipment Association.
441:suggested that Wrightbus was already
170:Bamford was born in December 1977 to
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1243:Association for Decentralised Energy
1209:. FuelCellsWorks. September 7, 2022.
612:
610:
608:
568:Dempsey, Harry (September 6, 2021).
1410:21st-century British businesspeople
993:McDonald, Gary (October 12, 2019).
851:. IVT international. November 2021.
503:, UAE, where it would also setup a
1187:"Wrightbus creates 300 extra jobs"
642:Jolly, Jasper (22 December 2021).
207:, from which he graduated with an
14:
344:Secretary of State for Transport
220:Fund manager and JCB (2002–2016)
48:December 1977 (age 46)
1318:Thomas, Allister (2021-09-06).
1277:. Ryze Hydrogen. 30 March 2023.
833:Carney, Louise (21 June 2016).
748:Statham, Nick (5 August 2022).
709:West, Karl (October 23, 2011).
528:Bamford is said to be a fan of
507:-focus complex in the region.
1:
889:Dempsey, Harry (2021-09-06).
588:"Joseph Cyril Edward BAMFORD"
1139:Jolly, Jasper (2021-12-22).
209:undergraduate Master of Arts
16:British heir and businessman
240:who had previously founded
141:Joseph Cyril Edward Bamford
45:Joseph Cyril Edward Bamford
1456:
367:Department for the Economy
18:
389:factory and nearby land.
234:New Star Asset Management
698:. Construction Enquirer.
361:-based bus manufacturer
251:Following his time as a
754:Manchester Evening News
242:Jupiter Fund Management
205:University of Edinburgh
75:University of Edinburgh
951:Belfasttelegraph.co.uk
472:The parent company of
975:. Ballymena Guardian.
934:. September 25, 2019.
482:Northern Gas Networks
1430:British billionaires
774:. February 25, 2014.
545:Joseph Cyril Bamford
294:Avro Heritage Museum
269:JCB Utility Products
100:Board member of
1295:. February 5, 2024.
1263:. 11 November 2022.
1070:. October 12, 2019.
1052:. October 10, 2019.
915:Passenger Transport
737:. October 13, 2011.
682:The Daily Telegraph
511:Boards of directors
348:Passenger Transport
330:hydrogen production
189:, then an all-boys
185:He was educated at
1435:Sons of life peers
1227:November 30, 2022.
1195:. August 17, 2021.
286:Woodford Aerodrome
211:(MA Hons) degree.
187:Ampleforth College
65:Ampleforth College
1173:Belfast Telegraph
1068:Belfast Telegraph
955:Belfast Telegraph
411:Belfast Telegraph
274:Construction News
265:Savannah, Georgia
261:skid-steer loader
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271:. According to
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191:Roman Catholic
176:Carole Bamford
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