The Falkland Islands Company owes its origins to a contract signed by Alexander Ross Lafone in 1846 for the right to kill and tame wild cattle in the Southern part of East Falkland.
He and his brother set up business as a joint stock company in 1851 which received its Royal Charter in 1852. The Company's principal product for over a century was wool from the flocks of sheep reared on its substantial landholdings in the islands. The farmlands have now been sold and today the company is a multifaceted commercial business with a wide range of diverse operations.
The Falkland Islands Company still retains its Royal Charter, and is a wholly owned subsidiary of
Falkland Islands Holdings plc, a public company quoted on the London Stock Exchange. The UK office provides a wide range of service support to the activities of the Company in the Islands and offers a direct link for most of its commercial and business activities. These range from Retailing and Distribution to Port Services & Shipping.
The London Office of the FIC provides a wide range of support services to support the activities of the company. These include:
Population
A total of 2,300. 1,600 live in Stanley on East Falkland with the balance living in the country and outlying settlements known locally as "The Camp". In addition, a large contingent of British military personnel are based at Mount Pleasant Airport some 35 miles from Stanley.
Geography
Comprises two large and approximately 700 smaller Islands covering an area larger than Wales. Situated on the same latitude as London, 400 miles from the coast of South America, 1,000 miles from Antarctica and 8,000 miles from the U.K.
Administration
The Falkland Islands are a dependent territory of the U.K. and an associate territory of the European Economic Community. The capital and seat of local self-government is located at Stanley.
Currency
The Islands have their own currency which maintains parity with sterling and follows the U.K. pattern of pounds and pence.
Climate
Plentiful sunshine with low rainfall averaging about 24 inches per annum. The mean temperature of the Falklands is only three degree sbelow that of the South of England.