The teenage daughter of a British millionaire has been found dead in a swimming pool while on a family holiday in Majorca.

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Josie Clacher was staying at a villa in the town of Alaro with family and friends when she was found at the bottom of the pool at about 7am on Tuesday morning.

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Paramedics tried to revive the 18-year-old using CPR but she was pronounced dead at the scene.

It was reported she had gone out with friends the night before she died.

Rachel Clacher, Josie’s mother, co-founded the telephone answering company Moneypenny, which is said to be worth more than £100m.

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Mrs Clacher had been staying at the villa with her daughter when she died.

The entrepreneur was appointed a CBE in the Queen’s Birthday Honours List earlier this year for services to business and her charity work.

She established the Moneypenny Foundation – now known as WeMindTheGap – in 2014 to offer holistic paid traineeships to unemployed and disadvantaged young people.

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A spokesperson for Moneypenny said: “We are all extremely devastated by this tragic news and our thoughts and prayers are with the family at this tragic time.”

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