Millionaire Margarita returns to Clevedon’s Walton Castle
PUBLISHED: 16:00 01 July 2017
A millionaire record label tycoon has returned to her 17th century Clevedon castle two years after being evicted.
Margarita Hamilton was evicted from Walton Castle, in Castle Road, in 2015 after upsetting neighbours with lavish late-night parties.
But the 59-year-old, who made her money through the successful Swanyard recording studios and record label in the 1980s and 1990s – when she worked with artists including Pulp, The Pet Shop Boys and Robbie Williams – has returned to the castle following a lengthy legal battle.
Mrs Hamilton, who owns the property with her ex-husband Rai Hamilton, bought the derelict Walton Castle in 1984 and spent £5million to restore it.
Although the couple divorced in 1994, Mrs Hamilton continued to live in the castle but her late-night parties led to nearby residents making complaints to the council, leading to a warning of a prison sentence in 2013 if the disruption continued.
Later that year, Mrs Hamilton found she was no longer earning a salary from the venue’s events business, before discovering the castle’s locks had been changed and her email account had been shut down.
Following the subsequent divorce, the castle was put into a family trust in her husband’s name to benefit his two children from a previous relationship while she also drew an income from it.
But when she stopped receiving that money, Margarita began looking through the trust’s accounts and found the share of the trust owned by former business partner John Jones had been switched from 20 per cent to 80 per cent.
She then discovered this had been done by reproducing Mr Hamilton’s signature electronically. He won a civil case against Mr Jones over the falsification of documents in March this year.
Mrs Hamilton has revealed this week she hopes to host opera, literary festivals and art fairs at the castle.
Walton Castle is no stranger to controversy over the years. In 2011 Steven Penny, a 43-year-old from Bristol who was in a relationship with Mrs Hamilton, was found dead in the building’s swimming pool with traces of cocaine in his urine.
The Times approached Walton Castle and Margarita Hamilton for a comment but no response was received before going to press.