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Milford Haven Port: Hospitality income overtakes biggest energy terminal

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Tourism and hospitality generate more than any single energy customer, marking a historic economic shift for the UK’s leading energy port

THE PORT OF MILFORD HAVEN — long known as Britain’s busiest energy gateway — has revealed that its hospitality and tourism businesses are now outperforming its largest energy customer.

For the first time in the Port’s history, income from hotels, restaurants, and visitor operations exceeded the revenue earned from its single biggest energy terminal, according to the Port’s 2024 Annual Report.

The milestone marks a strategic turning point in the commercial direction of the trust port, which has traditionally relied on oil and gas terminals such as Valero, Dragon LNG and South Hook.

Excellent results: Port boss Tom Sawyer has definitely got something to smile about

Chief Executive Tom Sawyer said that the shift demonstrates the value of diversification in a volatile global energy climate. “Hospitality and tourism generated more income for us in 2024 than the busiest of our energy terminal customers,” the report confirms. “This should be very reassuring to all our stakeholders as it underpins our ability to invest with greater confidence in our core port operations.”

Port invests in community and renewables

As a trust port, Milford Haven has no shareholders. All profits are reinvested locally — and in 2024, more than £500,000 was delivered in community grants, youth outreach, environmental work, and local development.

The Port posted £43.2 million in turnover, a 4.6% rise on the previous year. Operating profits rose by 65.9% to £6.8 million, and net profit after tax stood at £1.9 million, reversing a £1 million loss in 2023. Diversified revenue now accounts for 45% of total income, up from 39% the year before.

Green energy future for Pembrokeshire

Plans for new floating turbines in the Celtic Sea could provide enough power for more than 4 million homes

The year also saw the official opening of the Pembroke Dock Marine facility — a £60 million infrastructure project supported by the Swansea Bay City Deal, with visits from the Deputy Prime Minister, the Welsh First Minister and the Secretary of State for Wales.

With the emergence of Floating Offshore Wind (FLOW) as a regional growth sector, and new hydrogen projects launching from Pembroke Port, the Port of Milford Haven is positioning itself as a central hub in Wales’ clean energy transition.

Two green hydrogen firms — ERM and Haush — launched operations in 2024, with trials underway and a 15MW electrolyser planned for local supply and refuelling uses.

Coastal tourism rises — jobs follow

The Tŷ Hotel, Milford Waterfront

Meanwhile, Milford Waterfront is booming. The Tŷ Hotel, operated by The Celtic Collection, exceeded expectations for its second full year, while McDonald’s, Greggs, Costa, and other outlets created 130 jobs over the past two and a half years.

Milford Marina reached 100% occupancy, with a growing waiting list. The area hosted thousands at events such as the Round Table’s fireworks display and beer festival. One luxury cruise ship, Star Legend, even brought cyclists from North America on a bespoke “Tour de Pembrokeshire”.

A new play park, accessibility upgrades, and repurposing of historic dockside buildings are all planned in 2025.

Changing priorities — and opportunities

The Yasa Southern Cross, berthing at the Valero jetty, June 2025

While energy remains the Port’s core operation, the fact that hospitality and tourism are now more valuable than its top energy customer sends a strong message about the changing economy of coastal Pembrokeshire.

Dr Siân George, the Port’s new Chair and a veteran of the marine renewables sector, said the shift was both strategic and symbolic: “This Port is anchored in its community. The fact that our strongest individual revenue stream in 2024 came from local tourism, not global energy, shows that our strategy is not just working — it’s transformative.”

 

Business

Builder wins court case against his solicitor — but still hasn’t seen a penny years later

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Retired builder won over £130k from Milford Haven form Price and Kelway in 2022 for negligence, but is still waiting to be paid due to ongoing divorce

A NOW-RETIRED Pembrokeshire builder who won a six-figure professional negligence case against his former solicitors says he has still not received any of the money — almost four years after the court ruled decisively in his favour.

David Norman Barrett secured judgment in 2022 after a judge found that failures by the law firm Price & Kelway had caused him to lose the opportunity to pursue a potentially valuable claim against HSBC and HSBC Life.

The court ordered that damages, interest and costs totalling £130,820 be paid. Permission to appeal was refused.

Yet Mr Barrett says the legal victory has brought him no closure — because he has yet to see a single pound.

The court ruled that Price and Kelway Solicitor’s inaction caused a loss of chance for a builder to settle a legal dispute with his bank, HSBC.

A clear win on paper

The negligence case arose from a failed property development at Ludchurch, near Narberth, where Mr Barrett borrowed money from HSBC in 2007 to purchase land and build two houses.

He later alleged that the bank departed from an agreed funding model, draining development funds prematurely and leaving the project financially unviable. He also claimed that associated life insurance policies were mis-sold.

After years of dispute with the bank — including an unresolved complaint to the Financial Ombudsman Service — Mr Barrett instructed Price & Kelway.

He did this after hearing a radio advert for the solicitor’s firm on Radio Pembrokeshire. On November 7, 2012 Mr Barrett had a meeting with Mr Gareth Lewis, a partner in the firm.

“After that date and paying the a large amount in legal fees, progress was slow”, Mr Barrett said.

He added: “I gave Mr Lewis lots of paperwork, but work was not done in a timely fashion”

Proceedings against HSBC were eventually issued too late and struck out as time-barred, court documents show.

In 2022, the court found that the solicitors had failed to properly advise on limitation deadlines and that this negligence caused Mr Barrett a “loss of chance” to pursue or settle his claims.

Damages were assessed at £42,000, with statutory interest and costs bringing the total award to £130,820.

Money paid — but not released

Documents seen by The Herald show that following the conclusion of the case, a portion of the judgment money — £34,405.49 after fees and disbursements — was paid into the client account of Mr Barrett’s own solicitors, Red Kite Law LLP.

However, correspondence confirms that the funds have not been released due to an ongoing divorce between Mr Barrett and his wife, Dianne Carol Barrett, who was also named as a joint claimant in the negligence proceedings.

Red Kite Law has stated in writing that it cannot distribute the money without agreement from both parties, or a court order determining entitlement. The firm has also made clear that it cannot hold client money indefinitely and may ultimately be required to pay the funds back into court if the dispute remains unresolved.

‘This was business money’

Mr Barrett strongly disputes that the judgment award forms part of the matrimonial assets.

He told The Herald that the negligence case related entirely to his work as a self-employed builder and property developer, and that the damages awarded were compensation for business losses.

“This money didn’t arise from our marriage,” he said.

“It arose from my business. I was a sole trader. The claim was about my development project and professional advice I received as a builder.

“It wasn’t family savings or joint income. It was compensation for business losses.”

Mr Barrett says the stress and financial pressure of the prolonged litigation played a significant role in the breakdown of his marriage.

Years of financial strain

Earlier cost breakdowns from the case show that Mr Barrett personally paid more than £16,000 over several years to fund the negligence action, alongside significant unpaid disbursements incurred as the case progressed.

He says the litigation drained his finances long before judgment was handed down and left him struggling even after he technically “won”.

Now reliant on his pension and benefits, he says the continued freezing of the remaining funds has left him in financial limbo.

A legal deadlock

Where competing claims exist over money held in a solicitor’s client account, firms can find themselves acting as stakeholders.

Under professional rules, solicitors may retain funds until entitlement is resolved by agreement or court order, to avoid the risk of releasing money to the wrong party.

Red Kite Law has stated that it cannot advise either Mr Barrett or his wife on the dispute due to a conflict of interest, and has suggested options including a restricted joint account or transfer to a neutral third party — proposals which, to date, have not resolved the deadlock.

Personal cost

Beyond the legal arguments, Mr Barrett says the personal toll has been severe.

“The case broke us,” he said.

“And even after winning, I’m still fighting — this time just to get what the court already awarded.”

No allegation of wrongdoing

The Herald stresses that no finding of wrongdoing has been made against Red Kite Law LLP.

The firm has not been accused of acting unlawfully, and the dispute centres on how the judgment award should be classified and distributed in light of ongoing matrimonial proceedings.

The case raises wider questions about whether winning in court always delivers justice — and how long successful litigants can be left waiting for payment when personal and legal systems collide.

The Herald contacted Price and Kelway for comment at their main email address, but at the time of publication had received no response.

HSBC have also been contacted.

 

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Business

S4C seeks two new non-executive directors to join its Board

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S4C is recruiting two new non-executive directors to join its Board as the Welsh-language broadcaster continues its shift towards a digital-first future.

The appointments process is being led by the Department for Culture, Media and Sport, with final decisions made by the UK Government’s Secretary of State for Culture, Media and Sport.

The channel is seeking candidates with a broad range of skills and experience, with particular interest in those with backgrounds in digital media, content production or law.

S4C said it is looking above all for people with a strong commitment to public service broadcasting and a desire to help shape the organisation’s next phase of development.

In recent months, the broadcaster launched its new strategy, More Than a TV Channel, aimed at expanding its reach beyond traditional television. Initiatives include producing its first Welsh-language vertical drama for TikTok and forming a partnership with BBC iPlayer to widen access to its programmes.

Board chair Delyth Evans said the appointments come at a pivotal time.

She said: “It’s a particularly exciting time for S4C as we deliver the ambitions set out in our strategy, More Than a TV Channel.

“S4C is already much more than a television channel, with content available across a range of platforms, and through the significant economic and cultural contribution the service makes to Wales and the Welsh language.

“As we continue on this journey, we welcome applications from people who want to play a vital role in shaping the future of S4C.”

The closing date for applications is Friday (Feb 27).

Further details and the full job description are available via S4C.

For enquiries, contact Tomos Evans at [email protected]
.

 

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Business

Tax deadline for self-employed and landlords as digital system goes live in April

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Quarterly online reporting to become mandatory for higher earners under HMRC shake-up

MORE than 860,000 sole traders and landlords across the UK are being urged to prepare now for major changes to the way they report tax, with new digital rules coming into force in just two months.

From April 6, thousands of self-employed workers and property landlords earning over £50,000 a year will be required to keep digital records and submit quarterly income updates to HM Revenue & Customs under the Government’s Making Tax Digital scheme.

The changes form part of a wider overhaul designed to modernise the tax system and reduce errors.

Instead of submitting figures once a year, those affected will use approved software to record income and expenses throughout the year and send short quarterly summaries to HMRC. Officials stress these are not extra tax returns, but updates intended to spread the workload and avoid the usual January rush.

Free and paid software options are available, with the system automatically generating the figures needed for submission.

At the end of the tax year, users will still file a Self Assessment return, but most of the information will already be stored digitally.

Craig Ogilvie, HMRC’s Director of Making Tax Digital, said the move should make tax reporting simpler.

He said: “With two months to go until MTD for Income Tax launches, now is the time to act. The system is straightforward and helps reduce errors. Thousands have already tested it successfully.

“Spreading your tax admin throughout the year means avoiding that last-minute scramble to complete a tax return every January.”

More than 12,000 quarterly updates have already been submitted during a voluntary trial.

Phased rollout

The new rules will be introduced gradually:

• From April 2026 – those earning £50,000 or more
• From April 2027 – those earning £30,000 or more
• From April 2028 – those earning £20,000 or more

To ease the transition, HMRC says it will not issue penalty points for late quarterly submissions during the first 12 months.

After that, a points system will apply, with a £200 fine only triggered once four late submissions are reached.

Anyone unable to use digital tools for genuine reasons can apply for an exemption.

Tax agents and accountants are advising clients to prepare early to avoid last-minute problems.

Further guidance, webinars and sign-up details are available via GOV.UK.

 

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