Quinn Insurance in Administration

[supersarsfields]

It takes one person to throw a petrol bomb, hardly indicative of the entire population of the area.

So it's ok then??

Yes that's exactly what I said.

[theskull1]

http://www.bbc.com/news/uk-northern-ireland-26956789

Mission accomplished

[muppet]

http://www.bbc.com/news/uk-northern-ireland-26956789

Mission accomplished

The Lagan Group includes Irish Asphalt.

Here is a High Court ruling involving Irish Asphalt: http://www.lexology.com/library/detail.aspx?g=502ee6dc-241c-41a9-b81e-e13bc63496ff

The Irish High Court delivered its judgment on the liability of the providers of infill containing the mineral pyrite in James Elliot Construction Limited v Irish Asphalt Limited (High Court Record No. 2008/4767P) on 25 May 2011. In a decision of Mr Justice Charleton, the Court found that the infill material supplied by the Defendants, Irish Asphalt Limited, contained a high level of the mineral pyrite which as matter of probability caused the floors of the building built by the Plaintiff to heave upwards causing severe structural damage to the building. The Court held that due to the presence of the pyrite the infill material was not fit for its purpose. The building in question was the Ballymun Central Youth Facility, which the Plaintiff, James Elliot Construction Limited, had contracted to build. After the building was completed, cracks started to appear in the walls, which deteriorated to such an extent that the building became unsafe. The Plaintiff had to remedy the building at a cost of €1.55 million.

Other cases are pending including this one: http://www.irishtimes.com/news/crime-and-law/company-sued-over-pyrite-in-building-product-1.1736409

People are living in houses that are literally falling apart as a result of that pyrite. To date no one in the Construction Industry has taken any personal responsibility for their totally crap output.

While I obviously don't condone death threats etc, in my opinion the workers left in the Quinn Group might be better off.

[supersarsfields]

Fingers crossed this happens.

A GROUP of businessmen behind the former Quinn consortium are poised to make a groundbreaking formal offer to buy the Aventas Group within 'a matter of weeks', it can be revealed.
During a meeting held in Enniskillen this week, members from the Quinn Business Retention Company (QBRC) spoke of their confidence in stabilising and growing the former Quinn Group and how they have received widespread backing from the group's former customers and politicians on both sides of the border.
It was exactly three years ago this week that Sean Quinn lost control of the management when Anglo Irish Bank was appointed to take control of the business.
The three businessmen leading the consortium group include the former managing director of Fisher Engineering, Ernie Fisher, John McCartin, a Fine Gael councillor in Co Leitrim and John O'Hagan, managing director of the Specialist Joinery Group in Maghera, sponsors of the Derry gaelic football team.
They have received the backing from eight former senior executives in the Quinn Group, including the former group chief executive Liam McCaffrey from Enniskillen.
Mr McCaffrey, who has been instrumental in putting the bid together, stated it was "all systems go".
The group also revealed that they are able to treble the current Roof Tile sales, double a section of the building products as well as adding 50 percent to cement sales.
Mr McCaffrey also explained how the group have garnered support from communities, former customers and political parties
"It's all systems go at the minute and I would be optimistic this could work," he added.
"We are talking a matter of weeks and not months when it comes to the bid. We are very confident in what we can do and believe we can drive this business forward.
"The company (Aventas) has appointed Lazard [financial advisory firm] to deal with the disposal with any or all of the Aventas Group. They have asked for a letter to show we have the funding necessary and now we are weeks away from having that letter."
Councillor McCartin explained said the support the group has received has been overwhelming.
"It's about keeping business going and keeping it all in Derrylin," he said.
"We feel that the support we have received following the announcement has been overwhelming and it gives us a great sense of confidence that we are doing is the right thing.
"I was taken aback by the amount of people I was surrounded by who was telling me this is crucial to them."
The group explained that the proposed bidding figure has been based on their own estimations on what they consider the group to be worth.
The Aventas Group has stated they will consider any 'credible offer on its merits', and while they said that no formal proposal has been made, they are fully aware of the QBRC's interests.
Paddy Mohan (former Group Sales and Marketing Director) outlined the group's future plans: "What we have seen locally is customers who have not been buying off current management telling us they would come back if we took over.
"They (Aventas) wouldn't be having the same success as this group could have. We could double parts of that business in a short time and win back the key customers.
"It's worth more to the people here than anyone else. We can put more money on the table than anyone else
"There's excellent talent and experience and there were good ways in doing things.
"We can get that good ethos back and we can extend this business and drive and expand further afield. We have a solid footing to back up and drive this on. We would come back and turn it into something positive.
"We need to reinvigorate that and get the group back together again," he added.

[EC Unique]

That sounds like it would be a good outcome. Local businessmen who would be interested in growing the company using local employment.

[screenexile]

That sounds like it would be a good outcome. Local businessmen who would be interested in growing the company using local employment.

Is Kevin Lagan not a local businessman?

What scum would send someone a death threat on the morning their wife died??

[supersarsfields]

That sounds like it would be a good outcome. Local businessmen who would be interested in growing the company using local employment.

Is Kevin Lagan not a local businessman?

What scum would send someone a death threat on the morning their wife died??

Lagans have manufacturing assets of their own which could result in the closing of either plant if they were joined. That was certainly the fear with Quinn rooftiles. In addition a Lagan take over would not be good for the competitive market.

Death threats at any stage are a scummy act.

[orangeman]

Big shock here or maybe not.

The former chairman of Anglo Irish bank has been found not guilty of illegally supporting the bank's share price.

Sean FitzPatrick, 65, was involved in making loans to 10 wealthy customers who used the money to buy shares in the bank in 2008.

A jury found that Mr FitzPatrick's behaviour had not been illegal. Anglo collapsed in 2009, costing Irish taxpayers more than 30bn euros (£25bn).

The jury is still considering the cases of Pat Whelan and Willie McAteer.

They are accused of making loans designed to illegally prop up the bank's share price.

[sammymaguire]

Whelan and McAteer have both been found guilty of giving illegal loans to the Maple Ten.

They have been found not guilty over loans to the Quinn family.

All guilty verdicts were unanimous.

Sentencing will take place on Monday 28 April at 2pm.

[theskull1]

That sounds like it would be a good outcome. Local businessmen who would be interested in growing the company using local employment.

Is Kevin Lagan not a local businessman?

What scum would send someone a death threat on the morning their wife died??

Lagans have manufacturing assets of their own which could result in the closing of either plant if they were joined. That was certainly the fear with Quinn rooftiles. In addition a Lagan take over would not be good for the competitive market.

Death threats at any stage are a scummy act.

Will the local community come out and acknowledge the critical importance of these acts of terrorism and thank these scumbags for the part they played in securing jobs in the area?

[supersarsfields]

I would doubt it. Do you think they should?

[AQMP]

That sounds like it would be a good outcome. Local businessmen who would be interested in growing the company using local employment.

Correct me if I'm wrong but did some of the individuals revealed to be involved in this bid not play a significant role in ensuring the Quinn Group ended up as Aventas in the first place??

[supersarsfields]

I think Liam McCaffrey would be the only one would would have been involved with the Anglo investments. And as far as my knowledge on it would go, he had a relatively administrative role in the process.

[AQMP]

I think Liam McCaffrey would be the only one would would have been involved with the Anglo investments. And as far as my knowledge on it would go, he had a relatively administrative role in the process.

I note in the local papers an individual who had a key role in the insurance co is to the fore??

[supersarsfields]

Kevin lunney would have had no involvement in the Anglo dealings as far as I'm aware, so wouldn't hold much responsibility in relation to the Group being taken over.