Fears for future of Mr Binman

first_imgAdvertisement Linkedin NewsLocal NewsFears for future of Mr BinmanBy admin – October 13, 2011 1381 WhatsApp Print Facebookcenter_img FEARS surround over 600 direct and indirect jobs at one of the country’s largest waste removal service providers, after examiners moved into its Limerick offices this Wednesday. A hive of administrative activity was reported at the Luddenmore headquarters in recent days, where it is believed an extensive investigation into the future and stability of the company was undertaken. It is alleged that the company experienced financial difficulties in recent months and years.Sign up for the weekly Limerick Post newsletter Sign Up An application submitted this Wednesday morning to the High Court on behalf of Mr Binman, sought court protection for the company. Affidavits have been furnished to the chancery court list and the matter is due to be heard again on October 18. However, in the interim, Mr Billy O’Riordan of Pricewaterhouse Coopers has been appointed as examiner to Mr Binman and its subsidiary companies, Greenport Environmental, Rural Refuse and Recycling and Clearpoint Recycling Ltd. Under the helm of Mr Martin Sheehan Snr since 1994, Mr Binman through the Sheehan family has site locations at Grange in Kilmallock, and Carrick-on-Suir, with accompanying offices in Clonmel, Ennis, Newcastle West and Limerick city. The company is now under the management of Mr. Martin Sheehan Jnr. In recent weeks, a decision was made by Bank of Scotland (Ireland) to withdraw its support and the company directors sought examinership to negotiate and restructure its debts.With a price war rampant throughout the industry, the company was said to be “compromised,” following claims that lending institutions sought to recoup on their lending.But Mr Binman say that they have an investor willing to inject the companies with finance to fund their working capital. Four years ago the company was involved in the purchase of a bio mass site in Foynes, for a reported €17 million.Other purchases made in recent years include a €5 million farm in Kilmallock, adjacent to the Luddenmore site. Mr Binman recently launched a service in the Cork area. Discounted services were also launched in Waterford.It has been suggested that an imminent rescue package could be put in place, while a firesale of the company to competitors is also seen as a possibility, should the proposed business plan fail to secure long-term viability.Financial difficulties and the resistance of the Bank of Scotland Ireland to make finances available to Mr Binman were alluded to during court proceedings brought against the company by local authorities. In 2010, Mr Binman was fined at Limerick District Court over its non compliance with Environment legislation, as it left over 30,000 of its customers without a suitable wheelie bin for the collection of recycling waste. The company stated that it was unable to get credit from the bank to carry out the necessary upgrade and roll-out of the bins to its customers, further stating that despite this it would still endeavour to complete its regulatory obligations.Company financial data was also withheld from the public domain during a recent court case, being deemed to be “sensitive information”. The company was convicted of breaches of the health and safety and fined €40,000 over an incident where an employee lost his life in an onsite accident in 2008. Recently, Mr Binman tried to overcome financial difficulties without the support of the UK bank and endeavoured to test trial a pilot initiative for the collection of rubbish bins before 8am in the city centre.The initiative began in mid-September and was to run for a month and if successful, plans were to be furnished to run the scheme throughout the city centre. The company believes that it has a viable business plan despite the financial turmoil it faces. Previous articleHuman remains found in John’s SquareNext articleGuitar and saxophone sing from the States admin Twitter Emaillast_img read more

HDA call to cut cholesterol levels

first_imgRelated posts:No related photos. Just a small reduction in the current levels of cholesterol, smoking and blood pressure could save some 50,000 lives a year in England and Wales, the Government’s Health Development Agency (HDA) has estimated.This would halve the current burden of about 100,000 deaths from coronary heart disease each year, it added in a report.Report co-author Professor Mike Kelly, HDA director of evidence and guidance, said: “Reducing cholesterol levels by even a small amount would prevent approximately 25,000 deaths each year. This is quite possible. These lower cholesterol levels were achieved in the US and Scandinavia 10 years ago. “Reducing smoking prevalence to US levels would result in 17,000 fewer deaths annually,” he added.Figures published by the HDA in November estimated that smoking was the factor in 11,500 deaths from ischaemic heart disease each year among those over 65 in England.The HDA is also urging local councils to work more closely with primary care trusts. www.nhs.uk Previous Article Next Article HDA call to cut cholesterol levelsOn 2 Feb 2005 in Personnel Today Comments are closed. last_img read more

NFL Draft 2019: Teams with most riding on outcome

first_imgThe Redskins still have Smith under contract even though he won’t play in 2019 and traded for Case Keenum as insurance, but the team is reportedly open to the idea of taking a quarterback with their 15th overall pick.However, there’s competition in the picks ahead of Washington. With only four potential first-round quarterbacks up for grabs, the Redskins could be prompted to move up the board by opening the door to prospective trades. The NFL Draft is nearly here, and to say a number of teams have a lot riding on their impending decisions would be an understatement.Here are five teams with the most to gain or lose in the aftermath of the 2019 NFL Draft: CardinalsArizona holds the No. 1 pick, and the biggest story leading up to the draft is centered around dual-sport star Kyler Murray.The former Oklahoma quarterback and Heisman Trophy winner was selected ninth overall by the Athletics in the 2018 MLB Draft but opted to pursue a career in football instead. Given that the Cardinals already have Josh Rosen, who was picked 10th overall in 2018, there’s been speculation over whether Arizona will draft a top-10 quarterback for the second straight year.The Cardinals finished last season with a league-worst 3-13 record and missed the playoffs for the third straight year. They haven’t had a winning season since 2015 when they went 13-3 and won the NFC West under Carson Palmer, who retired at the end of 2017 and left a void Rosen just couldn’t fill in 14 lackluster games as a rookie.RaidersOakland has four of the first 35 picks, followed by four selections in rounds four through seven (Nos. 106, 140, 218 and 235).However, coach Jon Gruden and general manager Mike Mayock are reportedly on their own in making final decisions on the team’s draft prospects after sending their scouts home over feelings of distrust. Considering how they acquired the picks in the first place — remember Khalil Mack and Amari Cooper? — the Raiders are bound to do something reckless.While Gruden and Mayock have reiterated their support for Derek Carr, it’s not out of the question for the Raiders to pull a surprise quarterback pick early, among other questionable moves.GiantsThings are a mess in New York, but the team has a chance to turn things around and start the season fresh on a positive note.The Giants have two picks in the first round at Nos. 6 and 17, and it might make the most sense for the team to take a potential successor to Eli Manning with the latter selection. But general manager Dave Gettleman has his own way of doing things, which is evident by his willingness to trade Odell Beckham Jr. to the Browns and his unapologetic approach to the event.The team has reportedly met with multiple quarterbacks, including Ohio State’s Dwayne Haskins, Missouri’s Drew Lock and Murray, and Manning expressed confidence the Giants will draft a player at that position. He was inconsistent last season as the Giants missed the playoffs for a second straight year and his contract is set to expire after next season.PatriotsSpeaking of quarterbacks, New England has to be thinking about Tom Brady’s impending retirement and who will take his place under center when he decides to call it quits.Brady turns 42 in August, yet has remained insistent he will play into his mid-40s. Still, the Patriots have to anticipate his decision and allow time for his successor to learn from him, like they did with longtime backup Jimmy Garoppolo before he was traded to the 49ers.Then again, New England has other needs that need to be addressed sooner, specifically at tight end following the retirement of Rob Gronkowski. They could also use a defensive end and eventually a receiver considering Julian Edelman is 32 and newcomer Demaryius Thomas is 31.RedskinsWashington is another team in search of a long-term quarterback solution following the departure of Kirk Cousins and Alex Smith’s horrific leg injury.last_img read more