FALKLAND ISLANDS COMPANY LIMITED
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Cash
£2.3m
-5.7% vs 2024
Net assets
-£1.5m
-131.1% vs 2024
Employees
206
-8% vs 2024
Profit before tax
-£8.6m
-1,515.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £28,799,000 | £16,511,000 | -42.7% | |
| Operating profit | £692,000 | -£8,498,000 | -1,328% | |
| Profit before tax | £605,000 | -£8,566,000 | -1,515.9% | |
| Net profit | £256,000 | -£6,611,000 | -2,682.4% | |
| Cash | £2,448,000 | £2,309,000 | -5.7% | |
| Total assets less current liabilities | £8,406,000 | -£537,000 | -106.4% | |
| Net assets | £4,961,000 | -£1,544,000 | -131.1% | |
| Equity | £4,961,000 | -£1,544,000 | -131.1% | |
| Average employees | 224 | 206 | -8% | |
| Wages | £7,163,000 | £6,501,000 | -9.2% | |
| Directors' remuneration | £562,000 | £224,000 | -60.1% | |
| Highest paid director | £219,000 | £148,000 | -32.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 2.4% | -51.5% | |
| Net margin | 0.9% | -40.0% | |
| Return on capital employed | 8.2% | — | |
| Gearing (liabilities / total assets) | 83.7% | 106.4% | |
| Current ratio | 0.66x | 0.37x | |
| Interest cover | 7.95x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“A positive going concern assessment at a Group level covering a period to 31st March 2027, including potential downside scenarios to the base case forecast, provide additional assurance to the Company regarding support from the parent company. For these reasons, the going concern basis has been adopted in preparing the financial statements.”
Significant events
- “The majority of the reduction was in the construction division, where the completion of the contract to build a total of 70 houses for the Falkland Islands Government ("FIG") and the Ministry of Defence ("MOD") was disrupted by changes in management earlier in the year, adverse weather conditions, and a lack of power on the MOD Mount Pleasant Complex ("MPC").”
- “The loss before tax of £8.6 million (2024: £0.6 million profit) was predominantly due to the 70 house project for FIG and the MOD incurring power-related disruption costs and increased costs to complete.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AMBA SECRETARIES LIMITED | Corporate Secretary | 2023-09-07 | — | — |
| MUNRO, Stuart Ian | Director | 2022-04-14 | Oct 1967 | British |
| WILLIAMS, James Andrew | Director | 2022-01-31 | Jun 1965 | British |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BECK, Michael William | Secretary | 2011-06-28 | 2011-08-22 |
| FOSTER, John Laurence | Secretary | 2006-11-15 | 2011-06-28 |
| HAZELTON, Charles Albert | Secretary | — | 1998-04-06 |
| IVINS, James Browell | Secretary | 2007-07-12 | 2011-02-25 |
| KNIGHTLEY, Anthony Maurice | Secretary | 1998-04-06 | 2006-03-31 |
| WEST, Michael David | Secretary | 2006-04-01 | 2006-11-15 |
| BLYTH, Matthew | Director | 2013-12-13 | 2016-01-31 |
| CASEY, David Antony | Director | 2017-11-30 | 2020-08-19 |
| CASTLE, David Peter | Director | 2001-06-01 | 2009-03-31 |
| CLUNIE, Patrick | Director | 2020-08-19 | 2023-01-31 |
| COTTAM, Harold, Managing Director | Director | 1993-04-01 | 1996-01-31 |
| DENT, Stephen John | Director | 2020-06-08 | 2023-05-19 |
| FOSTER, John Laurence | Director | 2011-06-28 | 2022-04-14 |
| FOSTER, John Laurence | Director | 2005-07-21 | 2007-07-12 |
| FRANCIS, Tara | Director | 2017-06-01 | 2025-01-31 |
| GAINHAM, John Henry | Director | 1996-02-16 | 2002-03-04 |
| HUDD, David Leslie | Director | 2006-11-14 | 2015-02-09 |
| IRONSIDE, Kevin John | Director | 2014-06-30 | 2023-09-12 |
| IVINS, James Browell | Director | 2007-07-12 | 2011-02-25 |
| KNIGHTLEY, Anthony Maurice | Director | 1998-09-01 | 2006-03-31 |
| KNIPE, Susan Jane Helena | Director | 2018-05-24 | 2024-03-31 |
| LEWIS, Paul Lyndon | Director | 2009-04-01 | 2014-06-30 |
| MARSH, James Norman Laurence | Director | 2012-08-08 | 2013-08-26 |
| MCERLAIN, David Patrick | Director | — | 1993-03-11 |
| MCGREAL, Bryan | Director | — | 2005-07-25 |
| MCMANUS, Joseph Graham | Director | 2011-06-28 | 2017-11-30 |
| MOSEY, Stuart David Houlden | Director | — | 1993-01-26 |
| MUIRHEAD, Hugh Spencer | Director | — | 1993-04-02 |
| ROWLAND, Edmund Lloyd | Director | 2015-02-09 | 2017-05-02 |
| SAWLE, Richard | Director | 2014-11-03 | 2022-01-31 |
| SHAMUYARIRA, Reuben | Director | 2023-01-31 | 2023-09-12 |
| SMITH, Philip Andrew | Director | 2023-09-12 | 2024-02-06 |
| SMITH, Roy Alan | Director | 2018-02-26 | 2022-05-09 |
| SPINK, Roger Kenneth | Director | 1993-04-19 | 2016-02-01 |
| TERENCE GEORGE, Spruce | Director | — | 2001-08-25 |
| WALLACE, George Roger | Director | 1997-10-31 | 2002-09-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fih Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 179 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-09-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-13 | AA | accounts | Accounts with accounts type full | |
| 2025-02-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-17 | AA | accounts | Accounts with accounts type full | |
| 2023-09-14 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-14 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-04 | AA | accounts | Accounts with accounts type full | |
| 2023-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-28 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months