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Chief Minister of Isle of Man visits FPS group

Chief Minister of Isle of Man visits FPS group

Today, the Honourable Allan Bell, Chief Minister of the Isle of Man, executive head of the Isle of Man Government, visited FPS Group, the Umbrella Company administrator for Contractors, at its headquarters in the town of Ramsey.

The Chief Minister was accompanied by the Minister of Economic Development, the Honourable John Shimmin, as they discussed the role FPS is playing, not only in the local community, but in changing the perceptions of the island’s business community within the UK.

FPS is currently the largest employer in Ramsey, the Isle of Man’s second biggest conurbation, and the Chief Minister and Minister of Economic Development’s visit marked an important recognition of the role that FPS plays on the island and in the community, not only in terms of creating employment, but also as a significant exporter of services to the UK.

Simon Last-Sutton, Group Sales & Marketing Director, FPS Group, says: “Being recognised as an island leading exporter of services into the UK is incredibly important to us and the local community. Whilst we compete against a number of other UK providers it is our ability to innovate as a result of our close association with the Isle of Man government that gives us a significant competitive advantage.”

“Despite being based in the Isle of Man, we offer UK contractors & lsquo;onshore’ UK services – i.e. fully compliant with, and approved by, the HMRC,” continues Last-Sutton. “There are many benefits to being based offshore that we at FPS are able to pass on to our clients, notably, market leading levels of customer service as a result of the high retention rate of our employees, with 55% of our staff having been with us for more than five years.  

The Chief Minister commented: “FPS is a significant employer in Ramsey and is a service based business that disproves the perception that the island is all about tax efficient financial services companies, or is simply a tax haven. FPS provides a high quality, fully compliant UK service to UK contract workers, generating export earnings for the island and jobs for Ramsey. In addition as an Isle of Man regulated entity FPS’ clients in the UK get additional levels of financial protection that they can’t get from FPS’ UK competitors.”

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