Far North Holdings Limited

Introduction

Far North District Council established FNHL to act as a vehicle for the delivery of Council’s commercial activities and to create a structure delivering services in the most efficient and cost effective manner.

Structure

FNHL is a company 100% owned by Far North District Council and operates with an independent Board of professional Directors appointed by Council.

Directors:

• Ross Blackman (Chairperson)
• Bill Birnie
• Ian Walker
• Kevin Baxter

Chief Executive:

• Andrew Nock

Activities

• FNHL forms the focus of Council’s interface with its commercial investments and ensures uniformity in approach and reporting. FNHL activities include:
• The provision of maritime, airport, property and car parking facilities
• The management of maritime and aviation assets under contract to Council
• Investment in any commercial opportunity that arises including any proposed by its shareholder
• The sale and purchase of commercial assets.

Objectives

As the Far North District Council’s commercial vehicle, FNHL will facilitate and create commercial and infrastructural assets in the Far North district with the aim of maximising profit for its shareholder, the Council, and creating shareholder value.

Performance Measures

Financial Performance Measures tabled below:

Other performance measures tabled below: