News

MP wants answers over Mustang cash

Published

12 years ago

June 24, 2014

A LOCAL MP is now looking into the circumstances surrounding the collapse of boat building firm Mustang Marine in Pembroke Dock, the Herald can reveal.

Simon Hart MP has this week met with both Stephen Hammond, Parliamentary Under-Secretary of State for Transport, and David Jones, Secretary of State of Wales, to express his concern that local firms, who are owed hundreds of thousands of pounds, will not get a penny after the firm went into administration. He has also contacted Alec Don, Chief Executive of Milford Haven Port Authority, seeking clarification regarding a number of points which he feels are a cause for concern. MHPA has confirmed they have replied to the MP. Mr Hart told The Herald: “Milford Haven Port Authority (MHPA) is being disingenuous about the Mustang affair. As a Trust Port, it has both a moral and legal responsibility to the community, including the creditors.” He added: “I understand that Alec Don and Andrew Jones were the directors who signed off Mustang Marine’s accounts for 2012, which correctly stated under accounting guidelines that the company was a subsidiary of MHPA. “It is for this reason that I find Alec Don’s comments that he cannot account for the different terminology used by the respective auditors of the Port Authority and Mustang Marine confusing. “As a Trust Port accounts should be accurate, informative and in particular transparent. “Suppliers and sub-contractors have stated that they took comfort from the fact that they were dealing with a Trust Port’s subsidiary.” Local firms are owed around £600,000. Simon Hart told The Herald: “The reality is that in some 22 months after the Port’s involvement and management control of Mustang Marine, the Authority has suffered a loss of £2.7m and other parties have lost up to a further £2m. Many people have lost their livelihood and local companies have suffered substantial losses from which it may take years to recover.” In a further development, documents submitted by Mustang’s administrators, Grant Thornton UK LLP, have revealed that losses at the company were due to the failure to achieve assumed margins on new build projects – as well as other disruption and delays. They also revealed that an unprecedented expenditure of £375,000 on refurbishing the firm’s Pembroke Dock offices – which were leased from MHPA – had placed huge pressure on the company’s cash flow. A lack of robust business procedures in quoting for contracts; sub-standard project and performance management and inadequate reporting were all ultimately causes of the firm’s demise, according to documents now lodged with Companies House. Last week, The Herald revealed that MHPA were unwilling to pay the debts owed by Mustang. Alec Don said that the port had “a responsibility but not a legal liability to the creditors.” But Simon Hart told The Herald: “In its accounts, the Port Authority described Mustang Marine as a subsidiary company – credit searches made by businesses supplying Mustang also confirmed this – but once the company entered into administration the Port decided to distance itself from the firm. “It is questionable that when the rain started coming in, they took a step back”, he added. The Herald can reveal that what money is left is quickly dwindling – Grant Thornton is being paid on average £253 per hour to administer the firm and have so far billed hundreds of hours. There are also questions being asked this week about £103,000 which was paid by the struggling firm to directors by way of fees before it collapsed – this is a similar figure to the £104,290 currently owed to Mustang employees. Last week The Herald confirmed that HSBC Bank Plc and Mustang Director Huw Thomas Lewis, who are owed £274,000 and £296,000 respectively, are likely to be paid out as their loans to the company are secured by way of a debenture. Unsecured creditors are owed £3,143,725.

The Herald put questions to Alec Don, chief executive, Milford Haven Port Authority

THE PEMBROKESHIRE HERALD met with Alec Don, MHPA Chief Executive, at his office yesterday (Thursday).

The Herald put it to Alec Don that as a Trust Port, the Authority had a responsibility to all stakeholders: including port users, employees and the local community over Mustang, and the trail of debt left behind. He replied: “We do not feel there is a moral or legal responsibility but at the same time, as a Trust Port, we want to be on standby to do what we can to help. We have done masses to assist including giving extra time to pay rent.” “We will be putting money into a community interest company which will be operated by Haven Marine Services Limited. The aim of the CIC will be to help the creditors of Mustang get back some of the money they are owed.” Asked if the Mustang project was too much of a gamble for the Port, Alec Don said: “Mustang was a joint venture with MHPA. We wanted it to succeed. We wanted to support them as a business that was trading around the port.” He added: “The reason for the failure of the company in my view was due to the company trying to build two boats – both the first of their class – at the same time. Those projects went wrong. In fact, the whole Mustang project was a hell of a challenge.” Alec Don said: “It is easy to make comments after the event with the help of hindsight. What was clear is that the customers of Mustang felt that the products it was delivering were of the highest quality.”

THE NEW MUSTANG

Alec Don said: “The new Mustang company – Mustang Marine Ltd – will now have to prove themselves in the market. But, they are led by a strong management team. Kevin Lewis (A former director of Mustang Marine (Wales) Ltd) is working with the new company, and he is the person who brings most knowledge from the old business to the new business. There are new people and new capital. There are new investors to bring strength. The new chairman of Mustang is Mark Meade, who has strong commercial skills.” He added: “We cannot pay Mustangs debts because we have a responsibility to the rest of the business. We have volatile earning streams. Earnings are going up and down. We need to maintain a strong balance sheet. We cannot honour the aspirations of the Port if we act as charity.” “We want to do what we can to support businesses in the port, but we have to remember that we are building the haven’s future, where the future is unpredictable.” Andy Jones from MHPA, also at the meeting said: “We are here to ensure the stewardship of the port for future generations, and this is something that we have to do diligently.” Mr. Don did not wish to comment about reports that MHPA had sent a report to the Department of Transport following the collapse of Mustang. But he did say: “The DoT, as an important stakeholder, would be interested on the impact the collapse of Mustang might have in the Port.” He also said that the reasons why £103,000 was paid to directors of Mustang as it was losing money was now a question for the administrators. Alec Don concluded the meeting by saying: “I bitterly regret that Mustang went down. We lost £2.7m. We are pleased though, that new businesses have emerged safeguarding 40 jobs in and around the haven.” He also said that a reference in the MHPA annual report to Mustang as ‘subsidiary’ was actually a mistake, and it was not meant in the “true legal sense”.

Business

Farmers cautious but resilient as costs remain high across Wales

Published

2 hours ago

February 21, 2026

Tom Sinclair

Major supplier says confidence lower despite signs of stability returning

FARMERS across Wales are facing another difficult year as input costs remain significantly higher than before the pandemic, according to new industry insight from agricultural supplier Wynnstay Group.

The company, which has deep roots in rural Wales and generates around sixty per cent of its retail revenue in the country, says confidence among farmers is lower than this time last year, with rising costs, policy uncertainty and tightening margins influencing spending decisions.

However, there are also signs of resilience, with many producers focusing on efficiency and forward planning to cope with ongoing pressures.

Wales at heart of business

Wynnstay, originally founded by tenant farmers in Mid Wales in 1918, has grown into a major UK agricultural supplier serving more than 20,000 farming customers through manufacturing sites, stores and on-farm services. The group employs hundreds of staff across the UK and operates a nationwide distribution network supporting livestock and arable producers.

The company says Welsh farming businesses continue to play a central role in its commercial performance and long-term growth strategy.

Cautious investment decisions

According to Wynnstay, farmers are delaying some investment decisions but are increasingly seeking value-driven solutions that improve productivity.

Feed volumes have increased across the company’s Welsh store network over the past year, reflecting demand for blended feeds that offer greater flexibility and cost control. Rather than reducing purchases outright, many farmers are matching spending more closely to performance and output.

Fertiliser demand has also been strong, with sales ahead of last year, although some farmers have delayed buying in the hope prices may fall. Global supply pressures and rising gas costs mean prices are expected to remain firm into the busy spring season.

Costs still far above pre-Covid levels

Industry data shows overall farm input costs remain significantly higher than before 2020, with feed, fertiliser, fuel, electricity and machinery all continuing to put pressure on farm margins.

While some costs have eased from their peaks, they have not returned to previous levels, influencing buying behaviour across the sector.

Margins for livestock and dairy farms were strong last year, but Wynnstay says they are now tightening, particularly in the dairy sector where milk prices have fallen and volatility remains high.

Pressure on family farms

Smaller family-run farms are under greater strain than larger commercial operations, with less financial resilience to absorb rapid market changes. Reports of rising closures among family farms, particularly in dairy, reinforce concerns about the sector’s long-term sustainability.

Government policy changes are also contributing to uncertainty. The transition away from the Basic Payment Scheme and wider tax reforms have led many farmers to postpone larger investments until there is clearer long-term stability.

Local reaction

Pembrokeshire farmer Chris James said the situation reflected what many farmers were experiencing locally.

“We’ve definitely noticed the squeeze over the past year or two,” he said. “Costs for feed, fertiliser and fuel are still much higher than they used to be, and that makes you think twice about every decision. Most farmers I know aren’t cutting back on production — they’re just trying to be more efficient and careful with spending.”

He added: “People want to invest and move forward, but it’s hard when you don’t know exactly what the long-term policy picture will look like.”

NFU Cymru has also warned that rising costs and policy uncertainty continue to weigh heavily on farm businesses across Wales, with confidence affected by concerns over future support schemes and wider economic challenges. The union has called for greater long-term certainty to allow farmers to invest with confidence and maintain domestic food production.

Weather shocks impact behaviour

Extreme weather during 2025 — including a very dry spring followed by periods of intense heat and a challenging wet autumn — also affected purchasing patterns, with farmers spacing orders and prioritising essential inputs as conditions changed.

Ordering behaviour is now returning to more normal patterns as conditions stabilise.

Outlook for 2026

Despite ongoing pressures, Wynnstay says it is cautiously optimistic about the year ahead.

Many farmers are making careful decisions around efficiency, nutrition and planning, and the company believes there are opportunities for businesses to strengthen their position through 2026 with good cost control and smart investment.

Summing up the sector, the company said Welsh agriculture remains resilient, with farmers showing determination and adaptability despite continuing challenges.

Community

Community meeting planned to secure future of historic Boncath building

Published

2 hours ago

February 21, 2026

Tom Sinclair

Residents invited to support bid to buy former WI meeting room for community use

A PUBLIC meeting has been called in Boncath as residents prepare plans for a community buy-out of a historic corrugated iron building that has served local people for generations.

Villagers will gather at Boncath Village Hall on Tuesday (Feb 24) at 7:00pm to discuss proposals to purchase Bwthyn Boncath — the former Women’s Institute meeting room — and transform it into a community heritage space for the village.

WI members support community purchase

Local WI members have already agreed to offer the community first refusal on the building, paving the way for a potential community-led purchase.

Supporters say the project would preserve an important piece of local heritage while creating a flexible space for events, exhibitions, and activities in the heart of the village.

PLANED helping lead initiative

The meeting will be led by Cris Tomos of PLANED, the community development charity that previously helped facilitate the community purchase of Tafarn Sinc in Rosebush in 2017.

Mr Tomos said the Boncath project could become another example of successful community ownership in North Pembrokeshire.

He said: “It would be great to have another corrugated building owned by the community in North Pembrokeshire — especially in 2026 as Tafarn Sinc celebrates its 150th anniversary.”

Organisers estimate that around £12,000 will be needed to secure the purchase, with further fundraising planned to support restoration and future use.

How to get involved

Anyone interested in supporting the project or learning more is encouraged to attend the public meeting.

Further information is available via the Bwthyn Boncath Facebook page or by contacting PLANED on 01834 860965.

Photo caption: Community members gather to support plans for the purchase of Bwthyn Boncath (Pics supplied).

Entertainment

New theatre show explores realities of motherhood in Pembrokeshire

Published

2 hours ago

February 21, 2026

Tom Sinclair

A NEW theatre production exploring the joys, pressures and complexities of modern motherhood in Pembrokeshire is set to premiere in Haverfordwest next month.

Pembrokeshire writer Ceri Ashe, known for Bipolar Me, 99er, Farmers Townies & Grocles, has teamed up with comedy writer-producer Angharad Tudor to create Enjoy Every Minute / Joia Bob Munud, a community-rooted performance commissioned by SPAN Arts and Unlimited.

The project grew out of the pair’s own experiences of motherhood and mental health, and began with a series of creative workshops held in 2025 for mothers of children aged four and under. Thirteen free places were offered to local mums with no previous creative experience, with weekly sessions taking place at Milford Haven Library and the Pill Social Centre.

Participants took part in poetry, storytelling, singing and movement sessions, with children welcome but the focus firmly on giving mothers time to explore their own creativity and wellbeing.

Ceri Ashe and Angharad Tudor said: “While we valued mother-and-baby groups, we felt something was missing in Pembrokeshire — a space for mums to explore creativity, connect honestly, and take time for themselves. To see it grow into a fully-fledged creative project rooted in the community has been a true pinch-me moment for us both.”

The resulting stage production features a cast of professional Pembrokeshire actors including Anna Monro, Anna Collcyz, Maya Jones, Tessa Ryan, Ceri Ashe, Cathy Davies and Janine Grayshon, alongside a chorus of community singers.

Alternative lyrics to well-known nursery rhymes — written by mothers who took part in the workshops — form part of the performance, capturing the humour and realities of parenting life.

The show blends poetry, storytelling, music and physical performance, aiming to offer an honest and heartfelt portrayal of motherhood while celebrating resilience and community connection.

A British Sign Language-interpreted performance will take place during the 4:00pm showing.

Creative team:
Director: Ceri Ashe
Assistant Director: Siobhan McGovern
Musical Director: Sara Benbow
Movement Director: Tessa Ryan

The performances will take place at Albany Hall in Haverfordwest on Saturday, March 14, with shows at 12:00pm and 4:00pm. The production runs for approximately ninety minutes.

Tickets operate on a pay-what-you-can basis starting at £5, with free tickets available for carers.

SPAN Arts, a Narberth-based community arts charity with more than thirty years of work in Pembrokeshire, commissioned the production as part of the Unlimited Partner Commissions programme, supported by National Lottery Awards for All funding.