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

New bakery course over-subscribed

first_imgThe bakery option on a new advanced diploma in Artisan Food Production is over-subscribed as people look to retrain and set up their own businesses.The School of Artisan Food in Nottinghamshire is now accepting applications for the two-year full-time advanced diploma, which begins in September, with students able to specialise in baking cheese-making, butchery or brewing. “We can take a maximum of 25 students each year and we already have nine people who have chosen to specialise in baking. We’re looking at reworking the timetable to provide a few extra places,” said marketing and admissions officer Joe Piliero. “The feedback we’re getting from applicants is that they want to set up their own deli or café, making fresh bread each day, or their own artisan bakery.”The bakery side of the course will be headed by Emmanuel Hadjiandreou, currently bakery director at Judges Bakery in Hastings, with practical classes looking at production techniques, as well as fundamental bakery science and microbiology. Students will also take classes in history, anthropology and the social and political context of today’s food landscape, alongside classes in artisan food business and management.Based at the Welbeck Estate, which is also home to the Welbeck Bakehouse, a farm shop and Stichelton Dairy, the School of Artisan Food was set up last year offering a range of food production courses.last_img read more

Clips of the Week: Oregon to Patagonia

first_imgIn this weekly round up of outdoor adventure videos from across the inter-webs, you’ll find out why a young man with a good job and a steady paycheck decided to drop everything and ride his bike from Oregon to Patagonia. There’s also a cameo appearance by group of cave divers and an intriguing tale of high water and rough rapids on the Youghiogheny River. Enjoy!Oregon to Patagonia, “Jed’s radical choice to quit his job and ride his bike across the world is a perfect challenge to the rest of us to get out of the routine and make some scary decisions.” “John Regan had his hiking boots in the back of his boat. He knew, with the Upper Yough at seven feet, surging and pulsing over rocks instead of around them, he’d spend as much time walking as he would boating that day.”“The Dolinsjö Cave is a an underwater cave system that was discovered in 1979. Expedition Bjurälven is an annual expedition, exploring the depths of the cave. So far, the expedition has reached 1.7 kilometres into the cave, but noone knows how far it stretches.”last_img read more

Chinese club confirm Anelka signing

first_imgShanghai Shenhua have confirmed the signing of Nicolas Anelka from Chelsea on a two-year deal reportedly worth £175,000-a-week.Anelka will officially join the Chinese Super League side in January after snubbing interest from a number of clubs, including West Ham.Shanghai, who finished 11th in their league last season, have also been linked with Anelka’s Blues team-mate Didier Drogba.AdChoices广告Anelka, 32, scored 38 Premier League goals for Chelsea, who signed the French striker from Bolton for £15m in January 2008.Follow West London Sport on Twitterlast_img read more