Falkland Islands Company

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Falkland Islands Company or FIC is a diversified goods and services company owned by Falkland Islands Holdings.

The Falkland Islands Company Ltd.
Private limited company
Industry Diversified
Founded 1851 (1851)
Headquarters Stanley, Falkland Islands
Area served
Falkland Islands
Key people
  • Roger Spink (General Manager)
  • Kevin Ironside (Deputy GM)
  • Graham McManus (Financial Director)
Parent Falkland Islands Holdings
Website www.the-falkland-islands-co.com

Businesses[edit]

Retail & Distribution

Shipping & Logistics

  • Falkland Islands Shipping ships commercial, specialist and project cargos and also personal effects by sea and air. It arranges insurance, packing, containerisation, storage and provide assistance with customs clearance and onward delivery to any destination in the Falkland Islands and UK.
  • Darwin Shipping the main shipping link between the Falkland Islands and the United Kingdom. FIC can also arrange coastal shipping and shipping to Chile, which is the nearest country to the Falklands excluding Argentina.

Automotive

Property

  • SAtCO (South Atlantic Construction company) is a joint venture company with Trant Engineering, established in June 2012 and provides construction solutions for large scale building, civil and engineering projects across the Falklands.
  • FIC owns 40 residential and commercial properties for let, as well as 400 acres of land.

Insurance

  • Caribbean Alliance Insurance Company agent, provides a range of insurance services, including motor, buildings, public liability and contract risk for buildings under construction.
  • Lloyd's Agents for the Falkland Islands dealing with cargo surveys and other reporting.

History[edit]

Falkland Islands Company's historical building in Stanley, Falkland Islands

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


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