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Mustang fights to stay afloat

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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.”

 

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Charity

Vintage tractors take to Broad Haven beach for breast cancer fundraiser

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A LINE of vintage tractors made an unusual sight on Broad Haven beach on Saturday as enthusiasts gathered for a fundraising run in aid of breast cancer research.

The event brought together a colourful collection of classic farming vehicles, with Welsh flags and pink decorations on display as supporters and spectators gathered along the seafront.

The tractors were parked on the sand before taking part in the run, helping raise awareness and funds for the cause.

Caption:

Vintage tractors lined up on Broad Haven North beach on Saturday for a fundraising run in aid of breast cancer research (Pic: Martin Cavaney).

 

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Community

Paul Davies MS calls for review of parking charges in Ceredigion following concerns

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SENEDD Member for Ceredigion Penfro, Paul Davies, has called on Ceredigion County Council to urgently review its policy on car parking charges, following growing concerns from local businesses about the negative impact charges have on trade and town centre footfall.

Mr Davies wrote to the Leader of the Council on May 18, to highlight the challenges faced by businesses across Ceredigion’s towns, where rising parking costs are seen as a deterrent to people visiting local high streets. He urged the local authority to listen carefully to the concerns being raised and to review these charges.

In his letter, Mr Davies wrote: “I’m writing to raise concerns regarding car parking charges across Ceredigion, and to urge the local authority to do all it reasonably can to minimise these costs for individuals spending time in towns throughout the county.

“This is a serious issue for local businesses, many of whom have made it clear that car parking charges risk deterring people from visiting our high streets and towns. Any resulting decline in footfall would have immediate and damaging consequences for local trade and, more broadly,for the county’s economy.

“At a time when our high streets are already facing significant challenges, | believe it’s unacceptable that additional financial barriers have been introduced. The Council should be actively supporting its high streets and town centres and encouraging people to visit, not implementing measures that make doing so more difficult and less affordable.

“The concerns raised by both residents and businesses are justified and cannot be ignored. The Council must act on these concerns and urgently review the decision to introduce or increase car parking charges, with a view to reducing their impact.”

Many locals have voiced their concerns on social media, commenting on the “outrageous” cost of parking and the cost of public toilets, claiming that Ceredigion County Council are to blame for the loss of footfall in the area. 

Mr Davies said: “Car parking charges add yet another barrier to people visiting our towns and high streets and can be detrimental to local businesses, at a time when many businesses are already facing significant economic pressures.

“Our high streets are the backbone of our communities and play a vital role in the local economy. If people are put off visiting because of the cost of parking, then businesses will inevitably suffer. This is not only short-sighted but risks causing long-term damage to the vibrancy of our towns.

“The Council must act on the valid concerns being raised and review its parking policy as a matter of urgency. The focus should be on encouraging footfall, supporting local trade, and ensuring that our town centres remain accessible and affordable for everyone.”

 

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Crime

Former Lostprophets singer’s killing ‘not justified’, jury told

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JURORS in the trial of two prisoners accused of murdering former Lostprophets singer Ian Watkins have been told that his horrific crimes “did not justify his killing in any way”.

Watkins, who was serving a 29-year sentence for child sex offences, was attacked in his cell at high-security HMP Wakefield on October 11 last year.

Leeds Crown Court heard that Rico Gedel, 25, stabbed Watkins three times with a makeshift knife before allegedly passing the weapon to fellow prisoner Samuel Dodsworth, 44.

Both men deny murder and possessing a knife in prison.

‘Done nothing to provoke attack’

Prosecutor Tom Storey KC told the jury on Monday that Watkins had “done nothing whatsoever” to provoke the attack in the period leading up to it.

He said: “However heinous his crimes were, that did not justify his killing in any way.”

The court has heard that Gedel hated being housed with sex offenders and had threatened to hurt “any number of paedophiles” if he was not transferred.

Gedel told the trial he chose Watkins largely because he was nearby, having been placed in the next cell the night before.

Alleged motive

Mr Storey said Gedel’s alleged words before the attack — “This is what paedophiles deserve” — were a clear indication of motive.

The prosecutor said Watkins had no defensive injuries and there was no sign of a struggle, meaning he was likely taken by surprise.

He told jurors that the repeated use of a makeshift knife showed an intention to kill or cause really serious harm.

The court heard Gedel was laughing after the stabbing and allegedly asked prison officers to “let me know when he dies”.

Knife allegation

Dodsworth denies supplying the weapon or helping with the attack.

Gedel claimed Dodsworth gave him the knife and later disposed of it, but Mr Storey told the jury Gedel had “every reason” to lie about him.

The prosecutor said CCTV appeared to show Gedel handing the weapon to Dodsworth after the attack, and suggested Dodsworth acted as if he knew what was happening.

Judge’s warning

Mr Justice Hilliard told jurors that Watkins had committed very serious offences, but “clearly should not have lost his life in prison while serving his sentence”.

He said they must not decide the case on sympathy, anger or disapproval, but on a “cool, calm, careful and impartial” assessment of the evidence.

Watkins was jailed in December 2013 after admitting a string of child sex offences, including the attempted rape of a fan’s baby.

The trial continues.

 

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