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Mustang deal saves 30 jobs

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mustang

TROUBLED Mustang Marine has been bought out of administration by a consortium of investors, securing thirty jobs it was announced yesterday. 

The value of the deal has not been disclosed. A consortium of nine individuals led by Stewart Graves has bought the company, which is based at Pembroke Dock. Mr Graves is the interim managing director put in place to run the company late last year by the Milford Haven Port Authority. A new construction hall at Mustang Marine?s base in Pembroke Dock was only opened by Welsh Economy Minister Edwina Hart in November 2013. In February, Mr Graves denied there were any plans to call in administrators when reports suggested the firm was in financial difficulty, describing the firm as being ‘tight for cash’. Later the same month the Herald was able to report that local businesses had been left owed hundreds of thousands of pounds. Mustang has had millions of pounds in funding from the Milford Haven Port Authority and a cash injection from the Welsh government. After calling in the administrators, Mr Graves revealed that the company had a significant cash shortage in December 2013 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?. The Pembroke Dock-based boat building and ship repair company officially entered administration at the beginning of March with the loss of 66 jobs. Questions were raised to Welsh Government in Cardiff regarding the Port Authority’s responsibilities to local firms and in March, Alec Don, Chief Executive of the Port Authority told The Herald: “The Port of Milford Haven is a 50% shareholder and remains a separate corporate entity to Mustang Marine. The Port is not liable for Mustang’s debts. Any specific questions about that business, including queries about creditors, must be directed to the administrators Grant Thornton.” “As a Trust Port we continually look to invest in growth and economic activity in the Port. On this basis, and in good faith, the Port of Milford Haven invested in Mustang Marine. The company approached us with a firm business plan and orders that required our support and investment to achieve.” However, in an interview at the time of Mustang Marine’s collapse, local MP Simon Hart said: “The fact that Pembrokeshire companies are owed hundreds of thousands of pounds seems to have been glossed over. The Port Authority cannot talk about growth and activity on the one hand and then refuse to even consider the plight of local people left out of pocket on the other. These people undertook work for Mustang as they felt comfortable that the company was part of a larger trading operation of which the Port was a central part.” It has now emerged that HSBC Bank and former Mustang Director Huw Lewis will be receive around £270,000 and £296,000 as secured creditors of the firm, while former employees can expect a share of around £105,000 as preferential creditors. Those figures leave under £950,000 to be distributed to creditors owed more than £3.1m. According to its most recent set of publicly available accounts, the company had a £6m turnover in the year ending 31 August 2012. But turnover subsequently jumped to £9m following Mustang Marine’s £500,000 acquisition of Milford Haven Ship Repair from the MHPA. But the company also saw pretax profits of £847,817 in 2010/11 turn into pre-tax losses of £516,618 in 2011/12. Management accounts for the year to 31 August 2013 show the business then racked up further losses of £602,340, which were recently revised to losses of £1.1m. In a newly published statement of administrator’s proposals, dated 22 April 2014, Grant Thornton examined the dramatic turnaround. It reported that the directors attributed the losses to the company’s failure to hit predicted margins on new-build projects such as Supacat 1, disruption and delays on other contracts caused by delays on Supacat 1, ?375,000 spent on refurbishing its Pembroke Dock office, and a lack of robust business procedures. Grant Thornton were appointed administrators to the boat manufacturer in March this year. Alistair Wardell and Nigel Morris of the business advisory firm’s Cardiff office have now confirmed a sale of the boat-building and marine services arms. Immediately after entering administration, Mustang Marine made 66 staff redundant, with 48 kept on to continue work on a number of projects. The future of 30 of these employees has been secured by the sale, while a further deal for the dry dock part of the business that administrators expect to complete later this week looks set to save another ten jobs. The existing projects that the 30 staff will work on include building a Tidal Energy Turbine that will be installed in Ramsey Sound later this year. Lead administrator and head of Grant Thornton in Wales Mr Wardell, said: “We are delighted to have been able to conclude a deal for the boat building and marine services parts of the Mustang business. This is very good news for the 30 skilled employees who ave remained working for the company through the administration process. Their jobs are now secure, and the new owners are confident that the business will now grow with the aim of taking on further employees in the near future.” Administrators have said that the workers will be retained to work on projects including a tidal energy turbine. Grant Thornton said talks with ‘an interested buyer’ for the facility are continuing.

 

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Community

Community pool launches funding appeal to secure future

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A COMMUNITY-RUN swimming pool in Narberth is appealing for public and business support as it works to safeguard the future of one of Pembrokeshire’s most valued local facilities.

Narberth Swimming Pool, operated by charity Swim Narberth CIO, has unveiled plans for a £338,000 sustainability and improvement project aimed at protecting the building, cutting energy costs and ensuring the pool can continue serving the community for decades.

The facility was saved from closure in 2014 following a major community-led fundraising campaign and has since become a vital local asset. It now supports more than 500 children and 1,000 adults every week through swimming lessons, school sessions, inclusive and disability-friendly programmes, and health and wellbeing activities for people of all ages.

Chair of Trustees Chris Walters said the next phase is about protecting what the community worked so hard to preserve.

“This project isn’t about expansion or luxury upgrades,” he said. “It’s about keeping the doors open, the water warm and the building safe.”

A key element of the project is the replacement of the pool’s roof, which was never fully completed when the charity took over more than a decade ago. The structure has deteriorated over time, leading to persistent leaks and ongoing maintenance problems.

“The roof is a real concern for us,” Chris explained. “If we don’t address it now, the problems will only get worse and more expensive to fix.”

Alongside the roof works, the project will include installation of a modern high-efficiency air-handling system and upgrades to the existing solar photovoltaic panels. Together, the improvements are expected to reduce energy use by more than 30%, cut carbon emissions and significantly lower long-term running costs.

Swim Narberth CIO has applied to the Welsh Government Community Facilities Programme for £300,000 towards the scheme and must raise approximately £40,000 in match funding to unlock the grant.

Chris said the opportunity follows more than five years of waiting for a funding programme of this scale, with earlier plans delayed by the Covid pandemic.

“During that time, we’ve focused on stabilising the pool, growing participation and improving quality,” he said. “Winning a recent Swim Wales Award, and being the only swimming pool in Pembrokeshire to hold the Swim Wales Learn to Swim accreditation, has cemented Narberth’s position as a key community facility. But awards don’t repair roofs — investment does.”

Fundraising efforts are now being coordinated by Pool Manager Alice, with events and initiatives planned in the coming weeks. The charity is also approaching local businesses and national organisations to help secure the required match funding within a limited timeframe.

“We’re asking businesses to consider sponsoring the pool in some way,” Chris said. “In return, we’re committed to giving something back, whether that’s recognition, promotion or community engagement.”

As part of the appeal, larger donors are being offered a practical incentive.

“For anyone with slightly deeper pockets,” he added, “we’re offering a free company swim session for around 25 employees in return for a minimum donation of about £1,000. It’s a great team-building activity and supports a really good cause.”

Chris said trustees hope the same community spirit that saved the pool in 2014 will once again come to the fore.

“We’re asking the community to rally around the pool once more,” he said. “Without this investment, there’s a real risk that the pool becomes increasingly difficult to sustain in the future.”

Swim Narberth CIO will share updates on fundraising progress in the coming weeks. Anyone wishing to support the appeal can follow the charity on Facebook at facebook.com/swimnarberth or donate via gofund.me/447a446d7.

 

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Community

Anyone can administer EpiPens in emergencies, councillor clarifies

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Proposal aims to ensure life-saving devices are available in every Pembrokeshire school

A COUNCILLOR has clarified that anyone is legally permitted to administer an adrenaline auto-injector (AAI), commonly known as an EpiPen, in a medical emergency, following confusion during a recent debate at Pembrokeshire County Council.

Councillor Huw Murphy circulated guidance to colleagues after presenting a Notice of Motion calling for arrangements to be made with Hywel Dda University Health Board so that every school in Pembrokeshire can hold the potentially life-saving devices.

He pointed to changes made to medicines legislation in 2012, which broadened the law to allow any member of the public to administer adrenaline for the purpose of saving a life. Previously, the law required the person giving the injection to have received appropriate training.

Cllr Murphy said he had been aware of the legal position during the debate but was unable to reference the specific regulations at the time due to technical difficulties.

He thanked fellow councillors for supporting the motion in principle and said the estimated cost of around £14,000 to equip schools across the county would represent good value given the potential to prevent fatalities in emergency situations.

The councillor also suggested the Welsh Government may need to review its national policy on the storage and use of AAIs in local authority schools as awareness grows and demand increases.

If approved, the proposal would see discussions take place with health partners to develop a practical framework allowing schools to hold and use the devices safely.

 

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Local Government

Review launched into winter gritting for north-east Pembrokeshire roads

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Council to assess whether salt provision should return to Preseli and higher-ground communities after concerns over closures

PEMBROKESHIRE COUNTY COUNCIL has agreed to review its winter maintenance strategy for roads in the north and north-east of the county, following concerns that higher-ground communities are more vulnerable to snow and ice disruption.

The decision comes after a Notice of Motion was presented by Independent Group Leader, Councillor Huw Murphy, calling for a reassessment of how the authority manages gritting and salt provision in areas north and north-east of the A40, including the Preseli Mountains and communities such as Crymych and Tegryn.

Council officers and Cabinet members acknowledged that these upland areas experience harsher winter conditions than much of the county and are more likely to become impassable during periods of snowfall and icy weather.

The review will also examine the 2022 removal of the auxiliary salt depot previously located near Crymych. If the review concludes that additional provision is required, a replacement salt tip could potentially be reinstated in the north-east, although not necessarily at the former Llanfyrnach site.

The council expects the review to be completed during the second half of 2026.

Councillor Murphy said he welcomed the response from officers and Cabinet, adding that the issue had significant implications for residents, businesses and schools in affected areas.

He said: “The higher ground of north-east Pembrokeshire and areas adjacent to the Preseli Hills are more susceptible to closure during periods of poor weather, especially snow and ice. The potential return of an auxiliary salt tip is something that should be seriously considered and would be welcomed by local communities in helping to keep roads passable during difficult conditions.”

He also referenced the severe weather disruption seen during late 2025, which highlighted the challenges faced by rural communities when key routes become blocked.

Pembrokeshire County Council currently operates three winter maintenance zones across the county, but the review aims to determine whether the existing arrangements provide sufficient resilience for the most weather-exposed areas.

Further details are expected once the assessment work progresses later this year.

 

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