Somers Limited is a London based corporate and institutional stockbroking group in which Somers Limited has a 75% interest. Merrion Capital is an independent Irish financial services firm in which Somers Limited has a 21.8% equity interest. Merrion has a number of revenue streams including Private Clients, Retail Asset Management, Fixed Income, Corporate Finance and Merrion Investment Management (“MIM”). The two main business lines are MIM (institutional asset management) and Private Clients/Stockbroking. West Hamilton Holdings Limited is a Bermuda Stock Exchange listed property investment and management company with property assets in Bermuda and in which Somers has a 57.1% equity interest. Other
Beef Island major development on Beef Island was delayed after challenges from an environmental group called the British Virgin Islands Heritage Conservation Group. A five-star hotel with a golf course and marina was proposed for development near Hans Creek, on the south east side of the island. After a judicial review the British Virgin Islands court ordered the project suspended. The controversy started in October 2006 when the Chief Minister of the British Virgin Islands, Dr. Orlando Smith, decided to approve the construction of a hotel on the island of Tortola, which is connected to Beef Island by the Queen Elizabeth II