Court adjourns Mr Binman examinership

Nick Rabbitts

Reporter:

Nick Rabbitts

IT will now be Thursday when the High Court hears an application to appoint an examiner to Mr Binman after the case was adjourned this Tuesday.

IT will now be Thursday when the High Court hears an application to appoint an examiner to Mr Binman after the case was adjourned this Tuesday.

There are fears for hundreds of jobs across Co Limerick after an interim examiner was appointed to the waste collection and recycling firm, based in Ballyneety.

On Thursday at 11am, the company will appear before Justice Mary Finlay Geoghegan in order to secure the protection of the courts as it attempts to restructure the business, which is in debt.

This followed a decision by Bank of Scotland (Ireland) to withdraw its support.

But the clear message from workers was that the company remains trading.

On Saturday, dozens of Mr Binman trucks drove through Limerick city centre, in order to reassure the public that bins will still be collected, and the company continues to trade as normal.

The firm employs a total of 331 people in the Mid-West, and is responsible for an estimated 28 indirect jobs.

A spokesman for the company confirmed it had held talks with an investor who wants to pump money into the firm.

Over the last few days, both Mayor Jim Long, and Cathaoirleach Mary Harty have visited the company’s headquarters, and spoken with Martin Sheahan Jr, the son of Martin Sheahan who founded the company in 1984.

“When I was out there on Friday taking a tour of the plant, with the managers. They asked me what I noticed. They brought me to a parking bay for the trucks. I noticed all the trucks were out. Based on what I have seen and been told, the company tell me it is very confident the protective measures it is putting before the court will suffice. Nothing has changed since last week, it is still trading,” he told the Leader.

Cllr Harty said: “I am hoping the bank will give them the time to go into examinership. The waste business might be on a downer at the moment in terms of cost of landfill. But it is certainly a growth business, because the amount of waste we all generate is massive.”

Mr Binman is one of the largest players in the waste collection business, with 57,000 domestic and 5,500 commercial customers.