Industry Diversified Operating income Headquarters Stanley Founded 1851 Total assets 21.37 million GBP (2014) Parent organization FIH group plc | Net income £197,000 (2014) Revenue 15.24 million GBP (2014) Number of employees 220 Total equity 4.882 million GBP (2014) | |
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Key people Kevin Ironside (COO)John Foster (CEO)Graham McManus (Finance and Commercial Director)Dick Sawle (Non-Exec. Director) |
The Falkland Islands Company Ltd. (FIC) was founded in 1851 and was granted a Royal Charter to Trade in 1852 by Queen Victoria. It is known locally as The Company or FIC is a diversified goods and services company owned by FIH group plc.
Contents
Businesses
Retail & Distribution
Automotive
Property
Insurance
Building and Electrical
Penguin Travel
Agency
Flights
Falklands Removal Services Agent for both Whites and Crown Removals with worldwide connections available
Falklands Shipping Shipping product between The UK and The Falklands on The MOD FIRS vessels Southwards and wool shipments Northwards
History
1851
The Falkland Islands Company (FIC) was incorporated in 1851 and received its Royal Charter on 10 January 1852. Established with an authorised capital of £100,000 its purpose was to engage in agricultural and general trading activities including establishing a shipping link with the UK.
1888
FIC purchased J M Dean & Sons for shares. J M Dean acted as agent for farmers, and operated the West Store in the capital Stanley. The company was also a Lloyds Agent and owned a hotel and other property assets in the Islands.
1913
Regular shipping service commenced to Montevideo.
to 1945
FIC continued to acquire farm property in the Falklands with the result that the total agricultural land holdings reaches 1.2m acres with some 300,000 sheep.
1962
FIC shares listed on The London Stock Exchange.
1972
FIC acquired by The Dundee Perth and London Shipping Company Limited which is itself purchased by Coalite Group PLC.
1982
Argentina invades the Falkland Islands and occupies the islands for 74 days.
1986
Falklands Conservation Zone established and offshore fishing becomes the most important source of revenue for the Government.
1989
FIC's owners, Coalite acquired by Anglo United plc in a leveraged buy out.
1991
FIC's agricultural land holdings sold to the Falkland Islands Government following the Shackleton report.
1997
Anglo United which has an unsustainable amount of debt undergoes a capital reconstruction and distributes shares in Falkland Islands Holdings plc to its shareholders. For every 300 Anglo United shares shareholders receive 1 share in Falkland Islands Holdings. At this point the Falkland Islands Company became a full subsidiary of Falkland Islands Holdings, name changed to FIH Group plc in September 2016.