MP: Port has glossed over huge amount of money owed to Pembrokeshire businesses by Mustang Marine

First published in News

MILFORD Haven Port Authority has “glossed over” the money owed to Pembrokeshire businesses by Mustang Marine, south Pembrokeshire MP Simon Hart has told the Western Telegraph.

The Pembroke Dock-based boat building and ship repair company entered administration with the loss of 66 jobs last Monday (March 3).

Last week the Western Telegraph revealed Mustang Marine owed more than £1.5m in early January, including at least £330,000 to Pembrokeshire businesses. One Pembrokeshire business owed nearly £70,000 at that time.

Questions have been asked over whether the Port – as a 50% shareholder - has an obligation to Pembrokeshire creditors.

An extract from the Port’s accounts shows Mustang Marine was listed as a subsidiary company for the year ended 31 December 2012.

But on Tuesday the Port’s chief executive, Alec Don, said the Port “remains a separate corporate entity to Mustang Marine” and was “not liable for Mustang’s debts”.

He added: “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.

“Any investment we make has to be balanced with our central commitment to keep the UK’s largest energy port operating efficiently, and safe for everyone who uses the waterway.”

Mr Don said the Port’s priority is getting “new and sustainable businesses established as quickly as possible”.

Mr Hart said: “The fact that Pembrokeshire companies are owed well over £500,000 seems to have been glossed over.

“They 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.”

A special event to help former employees of Mustang Marine find new jobs will be held at the Bridge Innovation Centre, Pembroke Dock, on Thursday, March 20, from 10am to noon.

Five former Mustang Marine employees are due to start work at Mainport Engineering, Pembroke Dock, next Monday (March 17).

Comments (14)

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9:55pm Wed 12 Mar 14

Penfro says...

Mr Hart, I'm sure you have invested in other businesses, bought shares in BP or Glaxo Smithkline, for example, and yet you would not be expected to pay their debts, would you? These kinds of transactions happen all the time. It's not nice, especially to for those who have lost their jobs or are owed money but it happens. If you wish to change these laws then the economy will be devastated. Now run along and play politics with the rest of brainless villains in parliament and leave the hard stuff to the rest of us.
Mr Hart, I'm sure you have invested in other businesses, bought shares in BP or Glaxo Smithkline, for example, and yet you would not be expected to pay their debts, would you? These kinds of transactions happen all the time. It's not nice, especially to for those who have lost their jobs or are owed money but it happens. If you wish to change these laws then the economy will be devastated. Now run along and play politics with the rest of brainless villains in parliament and leave the hard stuff to the rest of us. Penfro
  • Score: 1

10:40pm Wed 12 Mar 14

Flashbang says...

Simon Hart, why have you gone missing over the PCC goings on? Grandstanding on the Mustang issue when you should be making a lot of noise about the administration of the county. Is it because politicians stick together no matter how venal their acts? Care to comment?
Simon Hart, why have you gone missing over the PCC goings on? Grandstanding on the Mustang issue when you should be making a lot of noise about the administration of the county. Is it because politicians stick together no matter how venal their acts? Care to comment? Flashbang
  • Score: -1

10:55pm Wed 12 Mar 14

andoman says...

My mate works (worked)at Mustang and says they quite simply got their sums wrong when pricing the jobs. Very sad for everyone involved. Not sure what this mp's point is but we in business know what Ltd means.

I would much rather see the port authority put profits into creating business and keep this port running sweetly with all te jobs that brings.
My mate works (worked)at Mustang and says they quite simply got their sums wrong when pricing the jobs. Very sad for everyone involved. Not sure what this mp's point is but we in business know what Ltd means. I would much rather see the port authority put profits into creating business and keep this port running sweetly with all te jobs that brings. andoman
  • Score: 1

7:40am Thu 13 Mar 14

chizy says...

What, no concerned looking Simon Hart photo with a MHPA sign in the background?

Not convinced he really cares or he knows what he's on about until I see one I'm afraid.

Darn these elections coming up, now the local MP's have to be seen to be doing something constructive. I'm amazed nay astounded he hasn't blamed the Labour led Welsh Assembly blah,blah,blah zzzzzzzzzzz.........
....

Blame,blame,blame
What, no concerned looking Simon Hart photo with a MHPA sign in the background? Not convinced he really cares or he knows what he's on about until I see one I'm afraid. Darn these elections coming up, now the local MP's have to be seen to be doing something constructive. I'm amazed nay astounded he hasn't blamed the Labour led Welsh Assembly blah,blah,blah zzzzzzzzzzz......... .... Blame,blame,blame chizy
  • Score: 0

8:22am Thu 13 Mar 14

Tttoommy says...

Flashbang wrote:
Simon Hart, why have you gone missing over the PCC goings on? Grandstanding on the Mustang issue when you should be making a lot of noise about the administration of the county. Is it because politicians stick together no matter how venal their acts? Care to comment?
We've seen more of Simon Harts concern in the last few weeks over things he knows he cannot change and are legal, sad but LEGAL.

It's said that that as a Westminster MP his responsibilites don't cover this BUT plenty of MPs will discuss Syria or China so that's NO excuse

Why doesn't he concern himself with illegal events that happened here in Pembrokeshire and his constituents have suffered because of those actions?

He must want to remain an MP otherwise he wouldn't be looking sympathetic at all these photo opportunities
[quote][p][bold]Flashbang[/bold] wrote: Simon Hart, why have you gone missing over the PCC goings on? Grandstanding on the Mustang issue when you should be making a lot of noise about the administration of the county. Is it because politicians stick together no matter how venal their acts? Care to comment?[/p][/quote]We've seen more of Simon Harts concern in the last few weeks over things he knows he cannot change and are legal, sad but LEGAL. It's said that that as a Westminster MP his responsibilites don't cover this BUT plenty of MPs will discuss Syria or China so that's NO excuse Why doesn't he concern himself with illegal events that happened here in Pembrokeshire and his constituents have suffered because of those actions? He must want to remain an MP otherwise he wouldn't be looking sympathetic at all these photo opportunities Tttoommy
  • Score: 1

8:41am Thu 13 Mar 14

malcolm calver says...

I am sure there was a photograph of Edwina Hart, Labour Assembly Minister, in the local press seeking publicity out of the Mustang Marine. development. I would have thought she would have at least asked how profitable the company was as probably taxpayers money went into the facilities on site..
I am sure there was a photograph of Edwina Hart, Labour Assembly Minister, in the local press seeking publicity out of the Mustang Marine. development. I would have thought she would have at least asked how profitable the company was as probably taxpayers money went into the facilities on site.. malcolm calver
  • Score: 1

9:25am Thu 13 Mar 14

andoman says...

malcolm calver wrote:
I am sure there was a photograph of Edwina Hart, Labour Assembly Minister, in the local press seeking publicity out of the Mustang Marine. development. I would have thought she would have at least asked how profitable the company was as probably taxpayers money went into the facilities on site..
Yes that's quite right.

You will find Ms Hart seeking publicity wherever a private investor has created new jobs and economic activity with a token input of European (our) money that the WG hands out giving the impression it's theirs'.

It is surprising Redwina doesn't give more credit to the individuals and companies who risk their own money and livelihoods to boost an economy perilously dependent on the leviathan State.
[quote][p][bold]malcolm calver[/bold] wrote: I am sure there was a photograph of Edwina Hart, Labour Assembly Minister, in the local press seeking publicity out of the Mustang Marine. development. I would have thought she would have at least asked how profitable the company was as probably taxpayers money went into the facilities on site..[/p][/quote]Yes that's quite right. You will find Ms Hart seeking publicity wherever a private investor has created new jobs and economic activity with a token input of European (our) money that the WG hands out giving the impression it's theirs'. It is surprising Redwina doesn't give more credit to the individuals and companies who risk their own money and livelihoods to boost an economy perilously dependent on the leviathan State. andoman
  • Score: 4

10:17am Thu 13 Mar 14

Gogledd says...

I think I am right in saying or assuming that our MP's have little or no say in what goes on in Wales. Its the remit of the Welsh Govt. The person who should be commenting on this is the Assembly Member/s. When I have had the opportunity to speak to my MP thats the excuse he gives me. I think there is most probably an element of truth in it. I have every sympathy with the people who have lost their jobs, but like others who have commented about this closure before...what happened to the 1.5m grant? I know that grant applications take a long time to come before u get the actual money, but this company knew they had significant problems when they accepted the cheque...any one got any thoughts on this?
I think I am right in saying or assuming that our MP's have little or no say in what goes on in Wales. Its the remit of the Welsh Govt. The person who should be commenting on this is the Assembly Member/s. When I have had the opportunity to speak to my MP thats the excuse he gives me. I think there is most probably an element of truth in it. I have every sympathy with the people who have lost their jobs, but like others who have commented about this closure before...what happened to the 1.5m grant? I know that grant applications take a long time to come before u get the actual money, but this company knew they had significant problems when they accepted the cheque...any one got any thoughts on this? Gogledd
  • Score: 4

11:12am Thu 13 Mar 14

andoman says...

Gogledd wrote:
I think I am right in saying or assuming that our MP's have little or no say in what goes on in Wales. Its the remit of the Welsh Govt. The person who should be commenting on this is the Assembly Member/s. When I have had the opportunity to speak to my MP thats the excuse he gives me. I think there is most probably an element of truth in it. I have every sympathy with the people who have lost their jobs, but like others who have commented about this closure before...what happened to the 1.5m grant? I know that grant applications take a long time to come before u get the actual money, but this company knew they had significant problems when they accepted the cheque...any one got any thoughts on this?
What grant is that?
[quote][p][bold]Gogledd[/bold] wrote: I think I am right in saying or assuming that our MP's have little or no say in what goes on in Wales. Its the remit of the Welsh Govt. The person who should be commenting on this is the Assembly Member/s. When I have had the opportunity to speak to my MP thats the excuse he gives me. I think there is most probably an element of truth in it. I have every sympathy with the people who have lost their jobs, but like others who have commented about this closure before...what happened to the 1.5m grant? I know that grant applications take a long time to come before u get the actual money, but this company knew they had significant problems when they accepted the cheque...any one got any thoughts on this?[/p][/quote]What grant is that? andoman
  • Score: 2

11:13am Thu 13 Mar 14

Penfro says...

Gogledd wrote:
I think I am right in saying or assuming that our MP's have little or no say in what goes on in Wales. Its the remit of the Welsh Govt. The person who should be commenting on this is the Assembly Member/s. When I have had the opportunity to speak to my MP thats the excuse he gives me. I think there is most probably an element of truth in it. I have every sympathy with the people who have lost their jobs, but like others who have commented about this closure before...what happened to the 1.5m grant? I know that grant applications take a long time to come before u get the actual money, but this company knew they had significant problems when they accepted the cheque...any one got any thoughts on this?
No one is commenting on the £1.5m grant because no grant exists. To what are you referring?
[quote][p][bold]Gogledd[/bold] wrote: I think I am right in saying or assuming that our MP's have little or no say in what goes on in Wales. Its the remit of the Welsh Govt. The person who should be commenting on this is the Assembly Member/s. When I have had the opportunity to speak to my MP thats the excuse he gives me. I think there is most probably an element of truth in it. I have every sympathy with the people who have lost their jobs, but like others who have commented about this closure before...what happened to the 1.5m grant? I know that grant applications take a long time to come before u get the actual money, but this company knew they had significant problems when they accepted the cheque...any one got any thoughts on this?[/p][/quote]No one is commenting on the £1.5m grant because no grant exists. To what are you referring? Penfro
  • Score: 1

1:50pm Thu 13 Mar 14

Gogledd says...

http://www.westernte
legraph.co.uk/news/1
1049327.66_jobs_lost
_as_Mustang_Marine_g
oes_into_administrat
ion/
Apologies if I got this wrong but I might have wrongly thought that this 1.5million was through grant money. I gathered Edwina Hart opened the new 1.5million facility....
http://www.westernte legraph.co.uk/news/1 1049327.66_jobs_lost _as_Mustang_Marine_g oes_into_administrat ion/ Apologies if I got this wrong but I might have wrongly thought that this 1.5million was through grant money. I gathered Edwina Hart opened the new 1.5million facility.... Gogledd
  • Score: 1

1:52pm Thu 13 Mar 14

Gogledd says...

Mustang Marine received £100,000 of Skills Growth Wales funding from the Welsh Government in February to train more than 100 employees. Economy Minister Edwina Hart AM told ITV News that Pembroke Port has a lot of skilled personnel and it was important to see companies do well.
Mustang Marine received £100,000 of Skills Growth Wales funding from the Welsh Government in February to train more than 100 employees. Economy Minister Edwina Hart AM told ITV News that Pembroke Port has a lot of skilled personnel and it was important to see companies do well. Gogledd
  • Score: 2

3:34pm Thu 13 Mar 14

Penfro says...

I understand that the new facility belongs to Milford Port Company and it is they who have paid for it not the Welsh Government. Quite why Edwina Hart got involved God only knows.
I understand that the new facility belongs to Milford Port Company and it is they who have paid for it not the Welsh Government. Quite why Edwina Hart got involved God only knows. Penfro
  • Score: 2

8:37pm Thu 13 Mar 14

Kate Becton says...

Whatever the rights or wrongs of grant money once again workers are suffering; am just so sorry that families are now in what must be a quite dreadful situation; have funny feeling that the managers will somehow be protected.
Whatever the rights or wrongs of grant money once again workers are suffering; am just so sorry that families are now in what must be a quite dreadful situation; have funny feeling that the managers will somehow be protected. Kate Becton
  • Score: 3

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