Oldest car hire firm in Ireland goes under - Car Rental News
Oldest car hire firm in Ireland goes under
Car Rental News - 03/09/2009
At least 19 employees in Belfast are set to lose their jobs as the company fails.
Pembroke Services went into liquidation last week, having reported debts of approximately £1.3 million at the time.
Gareth Neill, of the Belfast office of Grant Thornton has been appointed as liquidator of the company that is part of the Irish Murray Group.
A spokesman for the liquidator indicated that the assets of Pembroke Services were valued at nearly £400,000, but that only around 25 per cent of the value would be realized.
Outstanding debts include £1.25 million owed to ordinary creditors, and also £50,000 owed to the bank and £15,000 to employees – involving holiday pay and back pay.
Harold Thomas Murray and Harold John Murray, a father and son team from Co Dublin run the Murray Group.
It lost a Europcar rental franchise earlier this year, which was seen by industry observers as a death knell for the company that has had mixed results in its Northern Ireland operations.
Redundancy payments to Northern Ireland workers will be handled by Grant Thornton.
One employee who had been with Pembroke Services for six years at its George Best Belfast City Airport base, commented that the staff learned on 6 July that they would be losing their jobs, but heard nothing additional from the administrators until 7 August.