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Galway Bay FM News Archives

Galway builder back in business in UK despite €12m Irish collapse

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Date Published: 06-Apr-2011

A Galway builder formed a new construction company in England – which specialises in rail contracts – less than three months after his luxury homes development business here collapsed with debts of €12 million.

And the Connacht Tribune has learned that Tom McEvaddy Jr, whose Nexus Homes company went into liquidation in September 2009, is facing a High Court action next month to have him restricted from acting as a director of any Irish company for a period of five years.

He now lives in a €1m detached house around 2.5km from the iconic Wembley Stadium in London.

The collapse of the Galway-based Tom McEvaddy Property Company Ltd (Nexus Homes) in September 2009, saw more than 180 unsecured creditors – who effectively have no chance of ever being paid – owed just under €4m, while Mr McEvaddy himself is owed €7.1m in director’s loans.

Architects, engineers, electricians and electrical suppliers, plasterers, landscapers and builders were among those ‘hit’ for individual amounts ranging up to €320,000 – many of whose businesses since faced serious financial difficulties as a result.

He told creditors when he wound up Nexus: “Whilst it’s of little consolation to those of you who will not get paid as a result of the company’s collapse, I am now in a position where I personally owe the banks many, many millions, with no prospect of repaying that money.”

The 40 year-old developer – who is also a director of Galway United Football Club – and his wife Lorraine went on to set up Brontë Construction in London in December 2009.

The couple, who have dual Irish and British citizenship and had been living between two properties on Taylor’s Hill – still boasting the highest property prices in Galway – have now listed a home address in the affluent Wembley Park area of Brent in Middlesex.

See full story in this week’s Connacht Tribune.

Galway Bay FM News Archives

Galway ‘Park and Ride’ could become permanent

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Date Published: 07-May-2013

A park ‘n’ ride scheme from Carnmore into Galway city could become a permanent service if there is public demand.

That’s according to the Chief Executive of Galway Chamber of Commerce, Michael Coyle.

The pilot scheme will begin at 7.20 next Monday morning, May 13th.

Motorists will be able to park cars at the airport carpark in Carnmore and avail of a bus transfer to Forster Street in the city.

Buses will depart every 20 minutes at peak times and every 30 minutes at offpeak times throughout the day, at a cost of 2 euro per journey.

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Galway Bay FM News Archives

Tuam awaits UK hay import as overnight rainfall adds to fodder crisis

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Date Published: 09-May-2013

Tuam is now awaiting a third import of hay from the UK as overnight rainfall has increased pressure on farmers struggling to source fodder.

A total of ten loads are expected at Connacht Gold stores throughout the West with a load expected at the Airglooney outlet this evening or tomorrow.

Farmers throughout the county have been struggling to cope with the animal feed shortage and a below than normal grass growth due to unseasonal weather conditions.

Overnight rainfall in the Galway area has also added to the problem making ground conditions in many areas are quite poor.

Joe Waldron, Agricultual Advisor with Connacht Gold says farmers in short supply can contact the Airglooney outlet on 093 – 24101.

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Galway Bay FM News Archives

Transport Minister urges end to Bus Eireann strike action

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Date Published: 12-May-2013

The Transport Minister is urging drivers at Bus Éireann to engage in talks with management, in an effort to bring their strike action to an end.

There were no Bus Éireann services operating out of Galway today as a result of nationwide strike action by staff affiliated with the national bus and rail union.

Up to 20 Bus Éireann drivers are continuing to picket outside the bus depot at the docks in the city this evening.

Drivers from other unions have decided not to cross the picket line and go into work today – causing the disruption to be even worse.

Bus drivers are protesting against five million euro worth of cuts to their overtime and premium pay – cuts which Bus Eireann says are vital to ensure the future viability of the company.

The majority of services nationwide are disrupted, and the union say strike action will continue until management are willing to go back into negotiations.

However, it’s not expected to affect school services next week.

Galway bay fm news understands that around 70 percent, or over 100 Galway bus Eireann drivers are affiliated with the NBRU.

 

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