James Fisher and Sons PLC

Description

James Fisher and Sons PLC is a UK-based company, which provides specialised services to the marine, oil and gas, and other energy-related industries across the world. The company was founded in 1887 to support the industrial revolution in the country. Today, the company is a leading provider of marine services, other specialist engineering and technical services to other sectors, like nuclear, defence, transport and infrastructure, renewable energy, ports and terminals, and construction. It is a part of the London Stock Exchange’s FTSE All-Share index.

The company has four segments: Marine support, Offshore, Specialist technical and Tankships. The Marine support business provides services to the markets in marine industry, like marine ports. The offshore oil business gives services to the oil & gas industry, and other energy-related industries. The Specialist technical business provides products, services as well as business solutions to sectors like submarine rescue, nuclear decommissioning market in the UK, and others. The Tankships segment is involved in transportation of diesel, petrol, kerosene, and biofuels with the help of a fleet of product tankers. It is also involved in load monitoring and container weighing.

The company follows its core values of innovation and excellence, and hence a trusted partner of various government agencies, major corporations, and customers across the globe. Some big brand names which are its clients are: Airbus, BP, Chevron, ConocoPhillips, EDF Energy, Halliburton, Maersk oil and gas, Ministry of Defense, Sellafield Limited, Shell, and many more.

The company’s strategy for growth is to use its skilled workforce and state-of-the-art technology to maximise the returns for all stakeholders. The goal is to have operating margins over 10%, and provide returns over 15% on capital employed. The company follows well-defined standards of corporate governance and complies with the UK Corporate Governance Code. It fulfils all its corporate and social responsibilities by complying with a Code of Business ethics, board diversity policy, anti-bribery and corruption policy, slavery and human trafficking policy, whistleblowing policy, and privacy statement. Apart from these, the company also focuses on sustainability and strictly follows policies on health, safety, and environment protection. It is also involved in charity and community service through Sir John Fisher Foundation, which owns 17% of the company’s share capital. In 2021, the company has won the ‘Going Global’ Northern Star Business Award from AGCC for achieving significant international growth.