News
Mustang fights to stay afloat
OVER 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.”
Charity
Women take on Three Peaks Challenge to support mental health services
TEN inspirational women are set to tackle the iconic National Three Peaks Challenge on June 7, 2025, to raise vital funds for PATH – Pembrokeshire Action for the Homeless.
Motivated by the support they received through free counselling provided by Pathway Counselling, these women are embarking on this ambitious challenge to help fund mental health services offered by the charity.
The gruelling challenge, organised by Lucy Brazier with the support of Aspire Fitness and Charlotte Neill, will see the group climb the three highest peaks in the UK – Ben Nevis in Scotland (1,345m), Scafell Pike in England (978m), and Snowdon in Wales (1,085m) – all within a 24-hour timeframe. In total, the event involves 23 miles of walking and 450 miles of driving between the mountains.
Lucy Brazier, the organiser, expressed the group’s determination to succeed in this challenge, stating: “We are doing this to give back to the services that helped us through difficult times. Mental health support is crucial, and we hope our efforts will make a difference to others who need help.”
The challenge is not just a test of physical endurance but also a significant fundraising effort. Donations can be made through the group’s JustGiving page at www.justgiving.com/page/nationalthreepeaks.
PATH has been instrumental in supporting individuals struggling with homelessness and mental health issues across Pembrokeshire. The funds raised will ensure the continuation of essential services that positively impact lives.
The team is calling on the community to rally behind them and support their mission. Every donation, no matter how small, will help them reach their goal and make a difference.
For more updates on the challenge and to show your support, visit the JustGiving page and follow PATH’s social media channels.
News
Senedd debates UK Government’s ‘disastrous’ first six months
THE CONSERVATIVES criticised the UK Government’s record six months on from the general election, accusing Labour of doing “not a dickie bird” to stand up for Wales.
Darren Millar, leader of the Tories in the Senedd, said people were told Labour governments at both ends of the M4 would be great for Wales in the run up to July’s election.
But he warned: “What we’ve actually ended up with is a double whammy: broken promises and failing policies … alongside a passive, silent Labour Welsh Government unwilling to offer a squeak of criticism or lift a finger to defend the interests of the people of Wales.”
Leading a Tory debate, he said the new UK Government has hit farmers with inheritance tax, taken winter fuel allowance from pensioners and hiked national insurance for businesses.
Mr Millar told the Senedd that Welsh railways remain underfunded as he accused Labour of settling for “scraps” despite previously calling for billions of pounds from HS2.
Peter Fox, the Tory shadow rural affairs secretary, warned farmers have to deal with Labour governments “who either do not care or do not understand the needs of rural communities”.
Mr Fox, a farmer and former council leader who represented Monmouth since 2021, criticised changes to agricultural property relief by the UK Government.
“It’s not a loophole,” he said. “It’s a carefully designed policy … to protect Britain’s family farms from being broken up.”
His colleague Natasha Asghar, who represents South Wales East, described a -45% approval rating for Keir Starmer’s government as “a tad generous”.
She said: “If this is just what the first six months of Sir Keir’s premiership look like, I sincerely dread to imagine what the next six months have in store for all of us.”
Mark Drakeford said the Conservative motion in front of the Senedd concentrated entirely on matters outside the Welsh Parliament’s responsibility.
Following the debate on January 15, Senedd members voted 26-24 against the motion with Labour’s amended version agreed by the same margin.
News
Welsh Government ‘in the dark’ on £109m tax rise cash
THE WELSH GOVERNMENT remains in the dark about how much Wales will receive to cover the estimated £109m cost of tax rises in the public sector, a committee heard.
Jayne Bryant said the UK Government has confirmed it will provide funding to public-sector employers towards the increased cost of national insurance contributions from April.
But Wales’ local government secretary said ministers expect to receive additional funding in ‘late spring’ and have not yet received confirmation of how much Wales will receive.
Plaid Cymru’s Siân Gwenllian raised concerns about the impact of tax hikes as the Senedd’s local government committee scrutinised Welsh ministers’ 2025/26 spending plans.
Judith Cole, deputy director of council finance policy, said the Welsh Government estimates the cost of the tax hike to the public sector in Wales at £109m.
Asked how funding will be divided between councils, Ms Cole said the standard funding formula could be used or it may be based on a proportion of spending as in England.
But she stressed that other factors need to be taken into account because, for example, some councils will provide more services by directly employed staff.
Reg Kilpatrick, director of local government, added: “We’re entirely dependent on the negotiations between the cabinet secretary for finance and the UK treasury.”
Ms Gwenllian warned of the impact of tax hikes on the voluntary sector and outsourced services, piling more pressure on council budgets.
She said: “I’ve spoken with three councils … but one said that this will cost an additional £2m in terms of internal salaries but £2.5m in terms of the work that is commissioned.
“Another council said £5.4m on the internal, £2.8m on the work that is outsourced – another said £8m internal and £3m on the outsourced work. There is a lot of work commissioned beyond the local authorities themselves and there is no mention of any support.”
Giving evidence on January 15, Ms Bryant said the UK Government has confirmed it will use the Office for National Statistics definition of a public sector worker.
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