Businesses
Falkland Islands Company Limited (100% owned by FIH). FIC accounts for about two-fifths of the parent company's turnover and income. It made operating profits of £1.38m in 2009-10 on revenues of £12.43m. FIC's operations are small by the standards of a large country, but in the Falkland Islands, which have a population of around 3,000, they are crucial.
- Retail & Distribution: several outlets in Stanley and Mount Pleasant including a supermarket (featuring supplies from Waitrose), a gift shop, a home entertainment shop, a homecare centre, an office supplier, a building supplies company and a clothes shop. There is also a restaurant. This division accounts for about two-thirds of FIC's turnover.
- Upland Goose Hotel: an 18 bedroom hotel which dates from the mid 19th century and was originally called the Eagle Inn.
- 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.
- Port services: cargo handling, warehousing, refuelling and maintenance.
- Automotive agency: a Land Rover dealership, a Caterpillar agency, and boat maintenance.
- Property: FIC owns residential property for let, as well as commercial units and development land.
- Insurance: a general insurance agency and a Lloyd's agency.
Portsmouth Harbour Ferry Company plc (100% owned by FIH)
This company operates a ferry service between Portsmouth and Gosport, two large towns on the south coast of England which lie on adjacent peninsulas. It carries around 3.5m passengers a year. Underlying operating profit in 2009-2010 was £790,000
Momart (100% owned by FIH)
Momart's clients include the Saatchi Gallery, National Gallery, Tate Modern, Tate Britain and Buckingham Palace. The company received considerable media attention in 2004 when a fire spread to one of their warehouses from an adjacent unit, destroying the works in it, including works by Young British Artists such as Tracey Emin and Damien Hirst, with the most notable work lost being Emin's 1995 piece Everyone I Have Ever Slept With 1963–1995.
Read more about this topic: Falkland Islands Holdings
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