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Belfast based car hire company goes bust

Belfast based car hire company goes bust

19 workers from Belfast are facing redundancy after Car Hire Firm, Pembroke Services, went into liquidation last week. The company is part of the Irish Murray Group which is run by a father and son team from Co. Dublin, and is said to have run up debts which amount to £1.3 million.

The company suffered a major blow after it lost its franchise with car hire giant Europcar. Workers from the Belfast based company said they were first alerted to the possibility of job cuts in July but were left hanging for over a month until they received a letter from the administrators. The employees are extremely unhappy with the treatment they have received, one spoke out about the situation explaining how they “were given no pay, holiday pay, pay in lieu or redundancy, or P45s.”

Out of the £1.3 million debt the majority, which is estimated at £1.25 million, is said to be owed to ordinary creditors whilst £50,000 is left owing to the bank and £15,000 makes up the money owed to employees. Although the company is said to have over £400,000 worth of assets, the administrators revealed that only 25% of that can be released.

Although the Southern arm of the car hire company is still trading, they too are facing desperate times with job cuts expected all through the business. Several members from the liquidation team, Grant Thornton, have been drafted in to assist the firm in the hope that they will be able to work themselves out of danger.

Originally from Anglesey but moved to Cardiff earlier this year after living in London for the past 4 years. Having undertaken a degree in English Literature from the University Of Wales Bangor, I won a place at The Drama Centre London, Central Saint Martins to study towards a Masters degree.

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