MercoPress. South Atlantic News Agency

Corporate financing looking to expand in Falklands' fishing

Mr. Colin Wiseman

TEN years on from opening their office in Stanley, Falkland Islands, Chartered Accountants Wilkins Kennedy are looking to expand their services.

Managing Partner Colin Wiseman, visiting the islands last week told Mercopress, that traditionally fishing companies in the islands have had problems sourcing corporate financing because of the "perceived risk" in investing in a territory so far from the UK. He believes Wilkins Kennedy, "?could be the eyes and ears on the ground for those companies," in order to instill confidence in them to invest in Falklands fishing companies. "If we can find someone interested in coming here we can assist on the ground." He described Wilkins Kennedy as on one of the top 25 accountancy firms in the UK adding, "We are much more substantial than some people in the Falklands might think. We are internationally connected and can refer matters to our overseas associates if necessary." The office offers financial management as one might expect from an accountancy firm but also taxation advice, audit and assurance and outsourcing. Mr Wiseman said. "Here in the Falklands we advise a large variety of clients from start-up businesses to established growing concerns and Falkland Island related charities. We work with a broad range of industries including, oil exploration, fisheries, farming and tourism." The Wilkins Kennedy office in central Stanley near the seafront currently has a team of four headed by Karen Lee, a partner in the firm and married to Myles Lee of Port Howard on West Falklands. Mr Wiseman is a licensed UK Insolvency Practitioner and a Chartered Accountant. He is also a former joint administrator of British Athletics Federation in 1997. This was, at that time, the governing body of the sport During his week in Stanley he undertook a number of meetings with staff members as well as Falklands businessmen. By Lisa Johnston - SeAled PR - Stanley

Categories: Economy, Mercosur.

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