The Company HISTORY
The St. Kitts Nevis Anguilla Trading and Development Company Limited (TDC) is the parent entity of an umbrella of diversified companies. Incorporated in 1973, it acquired the trading and other assets of J.W. Thurston and Company Limited and H. F. Wildy and Company Limited.
These companies, with over One hundred and fifty (150) years experience in Trading, Development, Agriculture, and Finance provided an ideal vehicle for expansion. In 1974, in an effort to further broaden its trading base, the Company purchased the substantial trading stocks and agencies of A. M. Losada Limited, to meet the growing demands of the day.
In subsequent years, TDC developed a wide ranging portfolio of businesses that now includes; Construction and Building Materials, General Hardware, Vehicles and Spare Parts, Agriculture, Finance, Office Equipment and Supplies, and Maritime Supplies. The Company has also purchased and established several subsidiaries that provide specialized services such as; Aircraft Handling, Auto Rentals, Hire Purchase Financing, General and Life Insurances, Real Estate Development, Hotel Operations, Tours and Excursions, and Mortgage and Consumer Financing.
As one of the leading businesses in the Federation of St. Kitts and Nevis, TDC continues to revolutionize the trading and general business environment through ongoing expansion, diversification, acquisitions and joint ventures with several regional and international partners. Additionally, it now boasts the largest shopping facility within the OECS, the TDC Home and Building Depot.
Having undertaken successful projects in Tourism, Commercial and Residential Developments, the Group’s latest venture, the Sunrise Hills Villas, adds a new dimension to its Real Estate activities.
With high investor confidence, a sound financial footing, and its quest for Regional expansion, TDC listed on the Eastern Caribbean Securities Exchange (ECSE) in June of 2003 to give added value to its many shareholders.
Currently, the Group's corporate structure includes approximately 2170 shareholders, a Board of Directors, which is made up of five (5) Executive Directors and six (6) Non-Executive Directors, Parent Company departments, and Subsidiary and Associated Companies.
In June 2003, the TDC Group officially listed on the Eastern Caribbean Securities Exchange (ECSE), which has helped to create the platform for the Organization to fulfill its Vision Statement; to be the leading public company in the OECS. Since its establishment, the Company has had as its motto:
"TDC FOR SERVICE, TDC FOR QUALITY, TDC YOUR COMPANY"
The TDC Group of Companies has revolutionized trading in St. Kitts and Nevis. In the process, through the expansion of its original trading businesses, diversification, acquisitions and joint ventures it has become the largest local non-bank business enterprise and one of the largest companies in the OECS region. The Company has always traded profitably and has paid a dividend every year.
The Company has always focused on generating a good return for its Shareholders. The dividend payout ratio has averaged 6% and is paid annually to all Shareholders. The stated value of the Company's shares changed from $5.00 to $1.00 each in 2008, and each of the existing shares of a stated value of $5.00 each, in the capital of the Company, was subdivided into 5 shares of a stated value of $1.00.
The sum of $26,000,000 being part of the amount standing to the credit of the reserves of the Company was capitalized and the same was applied in making payment in full at stated value of 26,000,000 shares of $1.00 each. Each shareholder received a total of 10 shares of a par value of $1 in place of each share held at 24 June 2008. Moreover, stocks have changed hands at the price of $2.25 each.
TDC's Board of Directors and Senior Management is comprised of highly qualified and experienced persons. The Company has several programmes, which provide financial assistance to staff pursuing advanced educational training at the undergraduate, graduate and professional level with the Company's assistance.