Connect with us
Advertisement
Advertisement

News

Mustang fights to stay afloat

Published

on

stay afloatOVER 100 jobs are at risk after Mustang Marine, the Pembroke Dock-based boat building facility, announced it could enter administration within days.

The plight of the troubled company was exclusively revealed in The Pembrokeshire Herald’s February 7 edition. It had been hoped that a cash inection involving the Welsh Government, Milford Haven Port Authority and a third party would keep Mustang afloat.

Managing Director Stewart Graves said:

“Unfortunately last week, after completing its review of the business, the external party withdrew its offer and without that party the long-term funding package could not proceed.

“The directors over the past few days have, with their professional advisers, sought other funding and are still trying to find a rescue package to secure the future of the business.

“It’s possible the company will go into administration later this week or early next week if a rescue package cannot be found.”

Mustang is currently taking professional advice from Grant Thornton, the international accountancy firm.Earlier this month Stewart Graves admitted that the business was growing extremely quickly and was therefore “tight for cash”.

He told the Herald on February 10: “There are no plans as we speak to call in the administrators to Mustang Marine Wales. “Our company is productively employing a hundred people and we have a pipeline of work to continue beyond the middle of the year.’

When asked at the time if the company was considering calling in the receivers, Mr Graves simply said: “No comment.”

In November the Herald reported on Economy Minister Edwina Hart opening a new construction hall at Mustang Marine as part of a planning expansion of the company. Mr Graves took over from Mr Kevin Lewis as managing Insolvency rumours denied director recently.

Chief Executive of the Port of Milford Haven, Alec Don told The Pembrokeshire Herald a few weeks ago:

“We are aware Mustang Marine is facing challenges as it undertakes two projects that are bigger than anything it has done before. We know these challenges have put some strain on their cash flow and appreciate this is concerning for local businesses. Mustang Marine is an important player in the local economy and we have been working hard with Mustang and with the Welsh Government to see the company through these challenges. It is important to point out that Mustang has a healthy order book and its customers are very impressed with its products. “

It now seems that the future is beak for the beleagured firm, who reportedly owe local businesses hundreds of thousands of pounds.

The Leader of Pembrokeshire County Council, Councillor Jamie Adams, said:

“This is a sad day for the employees of Mustang Marine and their families who now have to go through some days of uncertainty. I have the utmost sympathy for them.

“It was only a few months ago, in November, that the prospects for the company seemed so rosy with the Economy Minister Edwina Hart travelling to Pembroke Dock to open Mustang Marine’s new £1.5 million boat building construction hall.

“It was hailed as a new dawn for boat building in the town and I hope that a rescue package can still be put together even at this late hour.”

Councillor Adams said that the County Council’s Futureworks and Workdays teams would be contacting the company to arrange to meet staff and help them to find alternative employment should the company fail in the next few days.

Practical help which can be given includes identifying any future training needs which could assist in securing work or advice on compiling CVs.

Councillor Adams added: “We will be working in close collaboration with other agencies such as Jobcentre Plus to offer as much support as we can.”

Alec Don told The Pembrokeshire Herald yesterday:

“We are deeply concerned by news of a potential appointment of an Administrator to the business of Mustang Marine (Wales) Limited. As a 50% shareholder in the business, we have been and will continue to be working with the company and other stakeholders to see if a solution can be found that ensures this business can continue to operate. “An external third party did have a fully agreed package of support from the Welsh Government and the Port and it is disappointing that the third party decided not to proceed.

“We understand this situation is causing anxiety for the staff at Mustang. We need to remain positive that Mustang Marine will find a way through current challenges and that it will come out of this as a reinvigorated business with a sound plan.

“As a Trust Port we are committed to focussing on our core mission which is the operation and development of the port as well as to encourage and promote jobs and economic growth in the region. We will continue to work hard with Mustang Marine’s management and any Administrator to that end.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Withyhedge Landfill faces political allegations and regulatory enforcement

Published

on

STEPHEN CRABB MP has vociferously criticised the Welsh Labour Government for its management of the Withyhedge Landfill in Pembrokeshire, claiming it has turned the area into a “dumping ground” for waste from across Wales. Mr. Crabb, supported by Paul Davies MS, alleges that substantial lorries deliver waste daily to the site, causing significant distress to local residents. The MP has repeatedly written to the First Minister, demanding immediate intervention, yet claims to have received no response.

Compounding the controversy, Mr. Crabb highlighted a substantial £200,000 donation to Vaughan Gething’s recent election campaign from the landfill’s owner, questioning the impartiality of regulatory practices. Despite ongoing political efforts, Mr. Crabb asserts that resolution lies solely with the Welsh Government, which has the ultimate authority to address these grievances.

Meanwhile, Natural Resources Wales (NRW) has escalated its enforcement actions against the site’s operators, Resources Management UK Ltd (RML), amid persistent community complaints about odour and gas emissions. A recent Regulation 36 Enforcement Notice demands a series of remedial actions by RML, with deadlines stretching into May 2024. These measures focus on improving the site’s gas management infrastructure and capping exposed areas to mitigate odour issues.

Huwel Manley, Head of South West Operations at NRW, expressed understanding of the community’s frustration, emphasizing the urgency of the required actions. “We are committed to ensuring RML Ltd. deliver these actions rapidly and effectively. Continued non-compliance will lead to further measures, potentially including a suspension of the environmental permit,” stated Mr. Manley.

Pembrokeshire County Council, represented by Chief Executive Will Bramble, also voiced disappointment over the ongoing issues, affirming full support for NRW’s stringent enforcement steps. The Council and NRW are working closely to monitor the situation and have encouraged the public to report any odour incidents promptly to aid in effective resolution.

As the deadline approaches, all parties involved are under increasing pressure to demonstrate tangible improvements and ensure the health and well-being of Pembrokeshire residents are prioritised.

Continue Reading

News

Police issue update on the search for Luke, missing from Pembroke Dock

Published

on

POLICE have made the difficult decision to end the search for Luke, following a joint decision by all the agencies involved.

The police said: “After careful consideration of all the information and expert advice that has been made available to us, a joint decision has been made by all agencies involved that the search for Luke will now conclude and will consist of intelligence led enquiries in the coming days.

“Whilst this is an extremely difficult decision to make, we are satisfied that we have done absolutely everything we possibly can to try and locate Luke. His family have been informed of this decision and our thoughts remain with them at this difficult time.

“I would also like to reassure the public that in addition to the searches that have taken place at the estuary, a team of Police Officers have been conducting extensive enquiries in Pembroke Dock since Luke was reported missing.”

Meanwhile the family has made a heartfelt plea for any information that might help trace his last known movements.

Emma Dewhurst has issued an urgent appeal for information that could help track her nephew Luke’s whereabouts, last seen in the early hours of Saturday morning. Describing Luke as “jovial, kind, soft, and timid,” she reflects on his vibrant personality and gentle nature, noting his resilience and determination to push forward in life. “He is strong. He didn’t give up easily and kept going in his life,” she affirmed.

The family is reeling from the shock of Luke’s sudden disappearance. “We are all so shocked and upset,” Emma stated. “It’s profoundly distressing.”

In an effort to find Luke, his father has made the long journey from the north of England to Pembrokeshire. The emotional toll is evident, as Emma revealed, “His dad is devastated, and my mum [his grandmother] is in pieces.”

Luke was last recorded by CCTV at 6am, four hours after he left his accommodation. Emma is desperately calling on residents to review their CCTV or doorbell footage, hoping for any clue that might explain his movements during those critical missing hours. “Where has he been in that four hours?” Emma implored. “We need to fill these gaps to piece together the facts.”

She recalls Luke’s last day before he vanished, spent with his mother, ending with future plans unfulfilled. “It isn’t in his nature to just disappear,” she said. “We can’t give up. We all love him, miss him, and want him back safely.”

Emma also expressed a poignant message for Luke, should he be out there, feeling unable to come home: “If you don’t want to come home, at least reach out to someone. Let us know you are okay. That’s what my brother would want.”

If you have any information on Luke’s last known whereabouts, please contact Dyfed-Powys Police at 101, email [email protected], or reach out online at https://orlo.uk/RlB5o. For those wishing to remain anonymous, you can contact the charity Missing People at www.missingpeople.org.uk.

Continue Reading

News

Labour promises ‘most significant investment in Britain’s ports in a generation’

Published

on

LABOUR has said this week that it will “Build it in Britain” with the most significant investment in Britain’s ports in a generation, as part of Green Prosperity Plan to support the creation of 650,000 good jobs across the country.

A Labour Government will “Build it in Britain” Keir Starmer said on Thursday, as he visited the North East of England to highlight Labour’s plans to deliver the most significant upgrade of Britain’s ports in a generation. 

Visiting a port in the North East, Labour Leader Keir Starmer, Shadow Chancellor Rachel Reeves, and Shadow Energy Secretary Ed Miliband will set out how Labour’s £1.8 billion investment in Britain’s port infrastructure will help crowd billions more of private sector investment into the UK’s energy industry.

Labour’s announcement comes after Jo Stevens, Shadow Secretary of State for Wales, visited the Port of Milford Haven in Pembrokeshire last month alongside with Henry Tufnell, Labour’s parliamentary candidate for Mid and South Pembrokeshire, to learn more about the port’s operations and challenges.

After the visit, Shadow Welsh Secretary Jo Stevens said: “Upgrading our ports, like this one here in Milford Haven, can help us seize the golden opportunity we have to become a world leader renewable energy, delivering cheaper bills and the jobs of the future.
 
“But the Conservative government is holding Wales back, with narrow-minded, poorly run investment schemes that leave us lagging behind international competitors.
 
“A UK Labour government will switch on GB Energy to invest in projects that can secure our lead in floating offshore wind, unlocking the jobs and investment that the Tories have left to languish.”

Henry Tufnell, Labour’s candidate in this year’s General Election, added: “Pembrokeshire’s first Labour MP, Desmond Donnelly, was instrumental in the creation of the Port of Milford Haven, transforming Pembrokeshire’s economic fortunes. Today, as in the 1950s, we face a crossroads. We must put our county at the forefront of a new Labour Government’s industrial strategy to build it in Britain.

Labour’s Green Prosperity Plan will secure our energy supply, develop industry, and create good well paid jobs right here in our county. We don’t want the young people of Pembrokeshire to feel they must leave their home county to get on in life. We want to provide opportunity here, and we want to provide it now.”

Labour’s plan for ports will help reverse fourteen years of industrial decline under the Conservatives and support domestic manufacturing across the country. The pledge is funded through Labour’s Green Prosperity Plan, which includes a proper windfall tax on the oil and gas giants making record profits, to fund investment in British industries.Keir Starmer’s announcement comes as Labour confirms that its Green Prosperity Plan will help support the creation of up to 650,000 good jobs in Britain’s industrial heartlands, including here in Pembrokeshire, by crowding billions of private investment into industries such as Britain’s nuclear, steel, automotive, and construction industries. 

The last Labour government led the way on upgrading Britain’s ports, providing funding for the development of port sites to support offshore wind turbine manufacturing. This industrial advantage has been squandered after fourteen years of the Conservatives, with recent research showing the UK could have created almost 100,000 more jobs in the wind industry if it had followed Denmark’s example in recent years and built up domestic supply chains in clean energy.

Speaking ahead of the visit, Labour Leader Keir Starmer outlined the choice facing millions of voters: continued industrial decline after 14 years of Conservative rule, or national economic renewal with Labour, saying:“The legacy of fourteen years of Conservative rule is Britain’s industrial strength reduced to the rubble and rust of closed-down factories. They have let good jobs go overseas and done nothing about it, and every community has paid the price. 

“A Labour government will reindustrialise Britain – from the biggest investment in our ports in a generation, to a British Jobs Bonus to crowd billions of investment into our industrial heartlands and coastal communities.“

The wealth of Britain was once built on a bedrock of industrial jobs that offered security and a good wage. By investing in Britain’s homegrown energy sector, we can rebuild this dream for the twenty-first century- good jobs, higher wages, and the pride that comes from good work for all.”Through policies such as Great British Energy, the National Wealth Fund, and the mission for Clean Power by 2030, a Labour government will invest in technologies like floating offshore wind, hydrogen, nuclear, and carbon capture and storage, which will help secure Britain’s energy independence.

This will create a new generation of skilled jobs in growing industries, which will offer people good wages, give confidence in their job security, and provide them with opportunities to progress. This policy is part of Labour’s Green Prosperity Plan, to cut energy bills for families, make Britain energy independent, and rebuild the strength of British industry.

This historic investment in working people and their communities is the only way out of the high energy bills, energy insecurity, and the doom loop of low growth, high taxes and crumbling public services under Rishi Sunak’s Conservatives.Commenting on Labour’s landmark plan to invest in Britain’s port infrastructure, Shadow Energy Secretary Ed Miliband MP said: “Making Britain a clean energy superpower requires flourishing national ports. Whilst the Conservatives are letting other countries plunder jobs that could be ours here in Britain, Labour has a plan to help win the race for the industries of the future.“

This is what Labour’s Green Prosperity Plan will do for every community in Britain – slash energy bills, create good jobs, boost our national energy independence, and help to tackle the climate crisis.”

Continue Reading

News14 hours ago

Police issue update on the search for Luke, missing from Pembroke Dock

POLICE have made the difficult decision to end the search for Luke, following a joint decision by all the agencies...

Entertainment2 days ago

NoFit State Circus set to thrill Pembrokeshire this summer

NoFit State Circus is set to captivate Pembrokeshire once again this summer, as they bring back their thrilling big top...

News3 days ago

Search for missing teenager Luke continues at Pembroke Dock

THE SEARCH for the missing 19-year-old, Luke, continues unabated into its fourth day, with efforts increasingly centred around the waterways...

Crime4 days ago

Estate agents admit health and safety failings following fatal market incident

WEST WALES estate agents J J Morris have appeared before Pembrokeshire law courts charged with failing to discharge general health,...

Crime4 days ago

Pembroke man sent ‘grossly offensive and disgusting’ message to sister

A DISTRICT Judge has described how a Pembroke man sent a ‘disgusting, appalling and grossly offensive’ message to his sister...

News5 days ago

Dragon LNG ‘monitoring’ scrap car blaze in Waterston

A BLAZE has broken out at the Waterston Car Dismantler’s business in Waterston, Milford Haven. Dragon LNG which is situated...

News7 days ago

Major search in the area of The Cleddau Bridge and Hobbs Point

A MULTI-AGENCY rescue response was initiated first thing on Saturday following reports of a person in difficulty in the area...

News1 week ago

Newgale pub fire: Cause undetermined, but ruled accidental

THE MID and West Fire and Rescue Service (MAWWFRS) has recently concluded its investigation into the fire that devastated the...

Sport1 week ago

Jasmine, Lleucu, Carys & Courtney: The Pride of Pembrokeshire

Four rugby players from Pembrokeshire are gearing up to take on Ireland in the Women’s Six Nations this weekend. Jasmine...

Crime1 week ago

Independent inquiry into child sex abuse commissioned by Caldey

WE have reported on this story for years, but in a very significant development this week, Caldey Island Abbey has...

Popular This Week