Falcon Shells was founded in 1956 by Peter Pellandine following his amicable split with Keith Waddington of Ashley Laminates.
Pellandine retained the rights and tooling to manufacture the Ashley's short wheelbase 750 and the Sports Racer which he sold as the Falcon Mark I and II respectively.
In 1962, Pellandine sold the business to Mike Moseley and was relocated to 150 Great North Road, Hatfield, Hertfordshire.
Moseley expanded the business into a range of diverse GRP products including boat hulls, window boxes, and hoppers for farmers.
Discussions with Auto Union led to a Caribbean shell being mated with a DKW Junior chassis, a Mantzel-tuned prototype reaching 106 m.p.h.