Keith Waddington and Peter Pellandine founded Ashley Laminates in 1955, the name derived from Peter's house 'Ashleigh'. They set out to make fibreglass bodies which could be bolted to prewar Austin Seven chassis to 'update' them. The Ashley 750 was the first model using an Austin Seven chassis in 6 foot 3inches and 6 foot 9 inches version and an Austin seven 750cc engine. The factory was established in Epping Forest, but in 1956 Peter and Keith went separate ways with Peter Palladine founding Falcon Shells, and he also took the rights to manufacture the short wheelbase Ashley 750 as the Falcon MkI. The Mark III was launched as a new model in 1959 and then called the Caribbean. In 1961 the company name was changed to Falcon Cars, a new 4-seater Bermuda was launched as well as a new Peregrine with a 1,000cc engine. Pellandine sold out in 1962 but the business continued and started making a number of GRP products. The Falcon 515 was launched in 1963 with a Ford Classic 1500 GT engine, but the company ceased production in 1964