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Milford Haven: Port sells off shares in Danish firm Marimatech

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MarimatechTHE PORT OF MILFORD HAVEN has this week (Dec 16) announced that it has concluded an agreement to sell its investment in Marimatech as part of a sale of the whole of the Marimatech business to Trelleborg Offshore and Construction.

Alec Don, Chief Executive of the Port of Milford Haven, said “Marimatech has been a profitable investment for the port.  More importantly Marimatech’s new world-beating Safepilot navigation software is now an integral part of our operation, making a major contribution to safe navigation within the port.”

When the Port bought just over a third share in Marimatech in 2012, it said the firm had a significant share in the world’s largest supplier of hi-tech maritime laser docking systems.

The Danish began manufacturing laser docking technology in 1988, entered into administration after experiencing some financial difficulties before the Port invested.

The Port’s director of corporate affairs, Mark Andrews, said at the time that it had been a satisfied customer of Marimatech for almost 10 years, and the company’s products continued to play a major role in the safe management of the Waterway.

“Marimatech’s technology is second to none,” he explained. “So once we became aware of the company’s financial position, it seemed in everyone’s interests to reach an agreement with the three other investors, and the bank, to purchase a share of a restructured and, with the new equity injection, a significantly stronger business.

“The business has a firm order book for the next 12 months and we are confident that the new management team will grow the business over the next three years.”

Pilots at Milford Haven Port use the latest version of Marimatech’s ‘E-sea Fix’ system – a highly accurate position fixing system which pilots carry aboard ships. Mr Andrews added: “The system gives the pilot a highly accurate picture of a vessel’s position, completely independent of its own equipment, and is of significant value when manoeuvring large ships.”

Marimatech A/S was set up by Erik Brinch Nielsen in 1988. In 2012 it was confirmed that the other owners of Marimatech were: investor Niels Jørgen Vase, who has more than 30 years’ experience in marine survey technology, engineering and software development businesses; Tommy Guldhammer Mikkelsen, Marimatech’s development manager with over 15 years’ experience in the sector; and Britt Degn Nielsen, Marimatech’s chief financial officer.

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Crime

Fines imposed on gardener after Trading Standards investigation

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A LANDSCAPE gardener has been fined after complaints led to a Pembrokeshire County Council Trading Standards investigation.

Complaints were made by customers of Timothy Lovell of Under the Hills, Haverfordwest, after he had carried out work at their homes.

It was established that Lovell had carried out work without providing essential paperwork, including his business address and cancellation rights, which is required under Consumer Protection form Unfair Trading Regulations.

Lovell appeared at Haverfordwest Magistrates Court on Thursday May 23 and pleaded guilty to two charges.

Lovell was fined £300 for each offence and also ordered to pay £250 costs plus £240 victim surcharge.

Jeff Beynon, Public Protection Manager at Pembrokeshire County Council, said: “We are pleased with the guilty pleas and the level of fines imposed by Magistrates.

“We hope this case will be a reminder that essential paperwork must be provided when work is agreed.”

Anyone wishing to complain about work that has been carried out at their homes should contact Citizens Advice Consumer Service on 0808 223 1133 (English) or 0808 223 1144 (Cymraeg). This information will then be shared with Trading Standards.

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Entertainment

Live music event for Nia, raising money for the Withybush Hospital Cancer Day Unit appeal

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Twenty years ago, the world lost another star to the clutches of cancer. This particular person was a member of the increasingly successful Pembrokeshire rock band JYlt, and her name was Nia George.

JYlt had been praised by John Peel of Radio 1, completed a UK tour including a performance at Glastonbury, distributed over 20,000 CDs, and were in talks with Sony about furthering their record deal. Nia was just 21 years old when she passed away after battling leukaemia for a year.

This summer, Nia’s life will be celebrated with a gig at HaverHub on August 10th. The event will feature Bryde (former JYlt singer), Tom Jenkins (who recently released his EP ‘Meadows Pt1 & Pt2’ through Xtra Mile Recordings), Persona B (with two other JYlt members), and SLAK, the winners of Pembrokeshire College’s Battle of the Bands 2024. There is also the potential for a special appearance that cannot be confirmed yet.

This event is not just a celebration of Nia’s life. It is also a poignant reminder of how cancer can affect anyone at any time, and it focuses on supporting the remarkable Withybush Cancer Day Unit. All ticket proceeds and donations will be given to this wonderful place that supports so many people during unimaginably difficult times, often resulting in beautiful stories of success. This unit is a lifeline to many, and we aim to give a little back.

Please note, this event is for those aged 16 and over, with a strict ID policy in place.

Event Details:

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Crime

Fraudster ordered to repay just £16,700 after victims lost £620,000

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A MAN described by a judge as the most “fundamentally dishonest” individual he had ever encountered has been ordered to repay only £16,700 after defrauding his victims of more than £620,000.

Darryl Evans, aged 62, was sentenced to eight years in prison in January after being convicted of 26 charges of fraud and one charge of theft. The convictions followed an almost three-week trial in December, during which the jury deliberated for less than three hours before returning guilty verdicts on all 27 charges.

Evans, of Green Court Crescent in Tenby, deceived his victims into handing over large sums of money between 2013 and 2020. Described by one victim as operating a “Ponzi scheme,” Evans persuaded friends and acquaintances to invest substantial amounts, claiming he would place their funds in lucrative schemes. In reality, Evans was unemployed and using the money to finance his own lifestyle.

The theft charge stemmed from Evans appointing himself as the executor of a will and transferring money into his personal account, where it swiftly vanished.

Sentencing Evans, Judge Paul Thomas KC remarked: “In over 40 years in these criminal courts, I do not remember ever dealing with someone as fundamentally dishonest as you. Over several years, you cynically, ruthlessly, and dishonestly took in excess of half a million pounds. Many of these people considered you to be their friend. You knew many of them could not afford to lose the money you were taking from them.”

Evans recently returned to Swansea Crown Court for a Proceeds of Crime Act hearing, where prosecutor Robin Rouch revealed that Evans had benefitted to the sum of £629,926.17 from his offences. However, only £16,736.11 of Evans’ assets could be seized to repay his victims.

Mr Rouch explained that the available money had been deposited in a Co-op bank account set up by Evans and could be directly traced to the estate of the person for whom he had acted as an executor. Unfortunately, none of the other victims’ money could be traced to this account.

Judge Thomas inquired if Evans owned any property that could be sold to compensate the other victims. Mr Rouch responded that extensive enquiries had been made, but nothing of value was found.

Judge Thomas ruled that the available funds would be split between the two beneficiaries of the estate. He emphasised, “The money will be paid. There’s nothing you can do to either facilitate it or thwart it. The money will be taken from your account. It will be done without your involvement.” He added, “It’s unfortunate for other investors who have lost rather more.”

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