News
Mustang Marine goes into administration
• 65 jobs lost • Local firms owed hundreds of thousands • Politicians want reassurances over remaining jobs
THE WELSH GOVERNMENT MINISTER for the Economy, Science and Transport, Edwina Hart, has confirmed to The Herald that Pembroke Dock based Mustang Marine is now in the hands of administrators Grant Thornton, but is continuing to trade. Around 65 employees have been laid off and 50 staff will remain, according to the firm.
Interim managing director Stewart Graves said he was still hopeful a buyer could be found.
Mustang has had millions of pounds in funding from the Milford Haven Port Authority and a cash injection from the Welsh government. Last week, the interim managing director said the company had a significant cash shortage in December which left it facing closure.
He said with assistance from a new management team and external advisers a long-term funding package was secured in February from the Welsh government and Milford Haven Port Authority and an external third party.
However, 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”.
Alec Don, Chief Executive of the Port of Milford Haven said in a statement: “Mustang Marine is 50% owned by the Port of Milford Haven and therefore is an associate company.”
“We are obviously concerned about the great anxiety amongst staff and other stakeholders that this administration announcement will be causing. We have always been supportive of Mustang’s efforts to grow their business and establish themselves as a manufacturer based in West Wales in competition with other ship builders in the UK and beyond.”
“As a Trust Port we remain committed, more than normal commercial considerations would allow, to working with the administrator and other stakeholders to see a viable business re-established. We will do all we can to attract investors who can make a success of the outstanding facilities and location we have here, and employ as many of the highly skilled staff as possible.”
Politicians express concern
Delyth Evans, Parliamentary Candidate for South Pembrokeshire said: “I am extremely disappointed to learn of the news that administrators have been appointed to Mustang Marine. This is very bad news for the employees and their families and other local businesses that are also affected. I know the Welsh Government has been working hard to help the company find a way out of its difficulties. It is vital that every opportunity is explored to secure a future for the business and to support the workforce.”
Cllr Paul Miller, said: “I share Delyth’s concern for those people who are affected by this difficult outcome. Mustang Marine has been a major employer over the years and has directly and indirectly contributed to the Pembrokeshire economy.”
“I’ll be raising this with officers of Pembrokeshire County Council and with the Milford Haven Enterprise Zone Board. It’s critical that both organisations re-double their efforts to support job creation around the waterway.”
Rebecca Evans AM, Assembly Member for Mid and West Wales, has asked the First Minister what advice and support the Welsh Government will make available to members of the Mustang Marine workforce facing redundancy.
AM seeks assurances over jobs
Speaking at the weekly questions to the First Minister, Mrs Evans said: “The news that Mustang Marine in Pembroke Dock has gone into administration with the loss of 66 jobs is a bitter blow for the area.
“What support and assistance will the Welsh Government offer to those 66 workers facing redundancy, and how can you help to work towards safeguarding the remaining 48 jobs?”
In response, the First Minister, Carwyn Jones confirmed that “We are exploring a number of options at the moment, but I can say that those threatened with redundancy will be offered ReAct support and advice.”
ReAct is the Welsh Government’s Redundancy Action Scheme which has been put in place to help people affected by redundancy gain new skills and encourage recruiting employers to employ a redundant worker.
ReAct can offer help to individuals facing redundancy, or those who are newly out of work, by offering recruitment and training support, as well as discretionary awards toward vocational training. Help can include 100 per cent of training costs to acquire new skills (up to a maximum of £1,500), help with the cost of special equipment to remove barriers to training, help towards the cost of travelling to training courses, overnight accommodation costs – where appropriate, and a contribution towards childcare costs whilst training.
Mrs Evans said: “ReAct also offers packages for employers taking on someone who has been made redundant.
“The Welsh Government’s employer recruitment support initiative funds employers who recruit individuals who have been made redundant in the past six months. The award offers up to £3,000 paid in four instalments as a contribution towards wage costs.
“There is also an employer training support fund, which is a separate discretionary fund of up to £1,000 that an employer can put towards the cost of the new recruit’s job-related training.
“I urge local employers to consider whether this funding would be right for them.”
Uncertainty for suppliers
Last month The Herald reported that there were hundreds of thousands owed to local businesses by Mustang Marine. The administrators have now confirmed that the figure is around £350,000 and that there are over sixty firms owed cash. A local business man who spoke to the Herald on condition of anonymity said: “Our company is only a small firm, and we have been waiting for payment since before Christmas. If we do not get paid, which is now looking unlikely, we will be forced to lay off staff at our company too. The knock on effect of Mustang going into administration may very well be greater than the job losses at the firm itself.”
Alec Don said: “The interests of creditors and employees will be best served by all parties working together to ensure a strong business emerges from the administration process.”
Local Government
Oil spill update issued for Pembroke stream and Castle Pond
COUNCILLOR Jonathan Grimes, representing Pembroke St Mary South and Monkton, has issued an update following concerns over an oil spill affecting a stream on The Commons and Castle Pond in Pembroke.
Speaking after discussions with Natural Resources Wales, Cllr Grimes confirmed that response teams have been on site throughout the day working to contain the pollution and identify its source.
According to the latest update:
• The pollution has begun to subside, with the oil slick now breaking up
• Monitoring will continue over the weekend and into next week
• Forecast rain is expected to help disperse the remaining contamination
• The substance is believed to be domestic heating oil (kerosene), pending confirmation
• Investigators believe they have identified the source area and are taking steps to prevent further incidents
Cllr Grimes said he would continue to provide updates as more information becomes available.
The incident has sparked concern among residents, particularly over the potential impact on wildlife and the environment. Some have called for further action, including opening the sea gate to help flush the affected water.
Local Government
Work begins on major housing and care scheme in Haverfordwest
A MULTI-MILLION pound housing and care development in Haverfordwest has officially moved into the construction phase, with groundworks now underway at the Tŷ Haverfordia site.
Contractor Wynne Construction has begun work on the scheme at the former Haverfordia House site, marking the milestone with a turf-cutting ceremony attended by project partners and local representatives.

The development will provide 26 sheltered apartments for people aged over fifty-five, alongside a purpose-built twelve-bed reablement centre aimed at supporting residents returning home from hospital and regaining independence.
The project is being delivered in partnership with Pembrokeshire County Council and is expected to play an important role in easing pressure on local health and social care services.
Developers say they will work closely with local suppliers and businesses during the build to maximise benefits to the regional economy.
Measures have also been put in place to minimise disruption during construction, including maintaining pedestrian access and ensuring parking arrangements remain in place for nearby facilities.
Once complete, the scheme is expected to provide modern, high-quality accommodation tailored to the needs of older residents, while helping to free up hospital capacity across west Wales.
Farming
Agrisgôp helps Welsh farming families tackle succession challenges
A PROGRAMME designed to support farming families in planning for the future is helping to break down one of agriculture’s most sensitive issues – succession.
Farm inheritance and succession planning returned to the spotlight in 2024 following UK Government reforms to inheritance tax (IHT), prompting renewed concern across the industry.
In response, Agrisgôp leader Elaine Rees Jones brought together farming families in the Welshpool area to take part in a structured programme aimed at addressing the issue head-on.
Agrisgôp, a fully funded management development initiative, encourages farmers to work collaboratively, building confidence and business skills through action learning.
Two distinct groups emerged: one made up of parents seeking to plan the future of their farms, and another of younger family members exploring how to take on responsibility and transfer knowledge from the previous generation.
A key theme identified early on was the importance of communication between generations.
Elaine said: “The meetings have offered the opportunity to gain professional and peer advice, time away from the farm to assess situations, and a safe, confidential space for discussion.
“Group members have shared concerns and apprehensions while getting to grips with the scale of the challenge, and have begun to develop action plans.
“The honesty and openness shown has been incredibly humbling.”
For many participants, the programme has provided the confidence to begin formal discussions with professional advisers.
One farming couple, currently working through the process of passing assets to their two sons, said the experience had been invaluable.
“It has made us tackle things properly. We had already started looking at succession before the Rachel Reeves budget, so this wasn’t a knee-jerk reaction.
“It’s a complicated process with no easy answers, and every farm is different. But Agrisgôp has helped us go into meetings with solicitors and accountants informed, rather than just accepting advice blindly.”
Another participant described succession planning as “mind-blowing” before joining the group, adding that expert input had highlighted the importance of early preparation.
The programme included a recent panel session in Welshpool, where professionals returned to answer questions from participants, alongside one-to-one sessions to clarify individual plans.
Specialist advice was provided on legal, financial, and land valuation matters, with a clear message emerging on the importance of having a valid will in place.
Angharad Hird, of Lanyon Bowdler Solicitors, warned that failing to make a will can have serious consequences, highlighting a case where a young farmer died unexpectedly. Under intestacy rules, his estate was divided between his wife and children in a way that may not have reflected the family’s wishes.
Financial planning was also a major focus. From April 2027, unused pension funds will be included within estates for IHT purposes, potentially attracting tax of up to 40%.
Emma Hall, a chartered financial planner, said some clients are already restructuring their finances to mitigate future liabilities, including placing assets into trusts or converting pension funds into income-generating annuities.
Land and property valuation was another key consideration. Richard Corbett, of Roger Parry & Partners, stressed that valuations must reflect current market conditions at the time of assessment, while also taking into account factors such as shared ownership or rights of way.
Accountant Sion Roberts highlighted the importance of setting emotion aside when making decisions.
“There is no one-size-fits-all solution,” he said. “Each farm is different, so it’s vital to understand your priorities and get the right advice.”
The issue of care fees and asset transfers was also raised, with warnings about the risks of deliberately reducing assets to avoid future costs.
Alongside Agrisgôp, Farming Connect’s Succession Pathway offers structured support for families navigating the process. This includes business reviews, facilitated family meetings, bespoke planning, and access to specialist legal services.
Organisers say early planning is crucial to securing both family relationships and the long-term future of farm businesses.
Farmers interested in accessing support can contact Farming Connect on 03456 000 813 or visit their website for further information.
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