James Fisher & Sons
| 150px | |
| Type | Public (LSE: FSJ) |
|---|---|
| Industry | Marine services[disambiguation needed] |
| Founded | 1847 |
| Headquarters | Craven House, Barrow-in-Furness, UK |
| Key people |
Tim Harris, (Chairman) Nick Henry, (CEO) |
| Revenue | £233.6 million (2008) |
| Operating income | £27.5 million (2008) |
| Net income | £18.3 million (2008) |
| Employees | 1,296 (2007) |
| Website | www.james-fisher.co.uk |
James Fisher & Sons plc (LSE: FSJ) is a large British provider of marine engineering services. The Company is listed on the London Stock Exchange and is a former constituent of the FTSE 250 Index.
History
The Company was founded by James Fisher in 1847 in Barrow-in-Furness as a ship-owning business transporting haematite from the Cumbrian hills.[1] In 1868 it had 70 ships[2] and by the 1870s it owned the largest coasting fleet in the United Kingdom.[1] It acquired the Furness Shipbuilding Company in 1870 but only went on to build one ship, the Ellie Park.[2] During the 1880s it slowly moved from operating sailing ships to operating steamers.[3]
It was first listed on the London Stock Exchange in 1952.[4] From the 1960s the Company was managed by Directors with no family connection.[3] At that time it established a reputation for moving heavy equipment, including even locomotives, by sea.[3] By 1965 it had built its first ship suitable for transporting irradiated nuclear fuel.[4]
The Company, who operate a submarine rescue service for the Royal Navy, provided a Scorpio 45 submersible to save the lives of seven Russian sailors in their AS-28 submarine in 2005.[5]
In 2007 the Company acquired Buchan Technical Services for £5m[6] and FT Everard, a leading competitor, for £350m.[7]
Operations
The Company operates from its base at the Port of Barrow, and provides the following services:[8]
- Defence (design, construction and operation of rescue submarines)
- Marine oil services
- Offshore oil services
- Shipping services
- Specialist technical services
References
- ↑ 1.0 1.1 James Fisher: History
- ↑ 2.0 2.1 Lindal-in-Furness: History
- ↑ 3.0 3.1 3.2 Around the Coast and across the Seas: The Story of James Fisher and Sons Journal of Transport History, March 2001
- ↑ 4.0 4.1 With a fair wind blowing there are profits to be made on the high seas The Scotsman, 6 April 2003
- ↑ International cooperation saves trapped submariners
- ↑ James Fisher buys Buchan Technical Services for £4.9m
- ↑ James Fisher buys Everard
- ↑ James Fisher: Services
Further reading
- Watson, Nigel, Round The Coast And Across the Sea, St Matthews Press, 2000 ISBN 978-0953410125
External links
