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Displaying items by tag: £38m losses

#H&Wlosses - Harland & Wolff, the shipbuilder-turned renewable energy giant manufacturer, suffered a £3.8m loss in 2013, according to newly-filed results.

Directors have said that the "very unsatisfactory" results were down to escalating project costs, leading to a review of the organisation, its structure and processes.

The group generated an operating loss of £3.8m on a turnover of £32m after two profitable years of trading and a good performance in a number of sectors in 2013.
In its annual report, the company said its flotation tank project with Norwegian firm Kvaerner Verdal AS had incurred "significant cost overruns".

However, the annual report said that the overall financial position of the company remained strong and debt free and that it was taking measures to ensure the losses were "a one-off and will not be repeated".
To read much more on this story, The Belfast Telegraph has a report HERE.

 

Published in Belfast Lough

The Irish National Sailing and Powerboat School is based on Dun Laoghaire's West Pier on Dublin Bay and in the heart of Ireland's marine leisure capital.

Whether you are looking at beginners start sailing course, a junior course or something more advanced in yacht racing, the INSS prides itself in being able to provide it as Ireland's largest sailing school.

Since its establishment in 1978, INSS says it has provided sailing and powerboat training to approximately 170,000 trainees. The school has a team of full-time instructors and they operate all year round. Lead by the father and son team of Alistair and Kenneth Rumball, the school has a great passion for the sport of sailing and boating and it enjoys nothing more than introducing it to beginners for the first time. 

Programmes include:

  • Shorebased Courses, including VHF, First Aid, Navigation
  • Powerboat Courses
  • Junior Sailing
  • Schools and College Sailing
  • Adult Dinghy and Yacht Training
  • Corporate Sailing & Events

History of the INSS

Set up by Alistair Rumball in 1978, the sailing school had very humble beginnings, with the original clubhouse situated on the first floor of what is now a charity shop on Dun Laoghaire's main street. Through the late 1970s and 1980s, the business began to establish a foothold, and Alistair's late brother Arthur set up the chandler Viking Marine during this period, which he ran until selling on to its present owners in 1999.

In 1991, the Irish National Sailing School relocated to its current premises at the foot of the West Pier. Throughout the 1990s the business continued to build on its reputation and became the training institution of choice for budding sailors. The 2000s saw the business break barriers - firstly by introducing more people to the water than any other organisation, and secondly pioneering low-cost course fees, thereby rubbishing the assertion that sailing is an expensive sport.

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