But the order came after a difficult year for the firm which saw a big drop in profits and two rounds of redundancies. Skipper Kevin Lagan and his friends were on a trip to the Hebrides when they heard of the birds plight. But the sale, announced. West Belfast native Paddy McKillen (63) got into the property game in the 1980s after leaving school at 16 to work in his family's exhaust repair business. Shareholders funds at his company Exile productions rose to 6.2m at April 2017. Holywood, Co Down native Rory McIlroy (29) may have gone another year without a Major win on the golf course in 2018, but that hasn't prevented his financial success. Belfast boatman helps saves 'lost' pigeon 'Declan' from remote Scottish The Irish Times It describes how "increasing and unresolved differences" between the brothers developed into a "serious conflict". Breedon has an established relationship with Lagan Group, having operated a successful joint venture with its Whitemountain business in Scotland. 16 May 2022 | 09:00. The sale of a huge chunk of the building materials and construction empire, the Lagan Group of Belfast left to brothers Kevin (67) and Michael (61) having been established in the 1960s by their father Peter has been a major boost to Kevins finances. A big-hearted boat owner from Belfast helped rescue an Irish racing pigeon lost on a remote Scottish island, the Sunday World has learned. The firm, which makes specialist data centre switchgear and power distribution equipment for the energy industry, employs about 1,700 staff around the world. Sellers Yacht Haven Park & Marina and Azurite, managed by Barry Yampol of Fort Lauderdale, had purchased the property in two deals, paying $4.6 million for the bigger portion in 1986 and $225,000 for the remainder in 1992, property records show. Two years later he was yachting in South Florida as captain on a large (for the time) motor yacht. A site by, 15% Discount On UTOPIA IV Charters Through April 30. His two sons Kevin and Michael took over the running of the business, expanding the group aggressively. The issue was subsequently resolved by agreement to separate certain of the Lagan companies, the smooth transition of which completed in 2010. The company reported a 10.8m loss in 2017 due to "exceptional costs" but managed to grow its revenues to 85.4m. In July 2001, Kevin was elected as MEMBER of the prestigious NAUTICAL INSTITUTE based in the UK. Three of Michael's companies had profits of 13.5m on 340m of revenues for 2016/2017. Read about our approach to external linking. The share price has fallen by 14% in the past year. Yacht Haven Park & Marina in Fort Lauderdale sells for $58M He has also retained Lagan Homes, a housebuilding division, while sons Peter and John are investing in property, distribution and tourism ventures through Lagan Investments. 204 The group holding company made a loss before tax of almost 420,000 in the year to the end of June 2017 and it noted that it was exposed to price pressure from competition that could hit revenue. And I couldnt believe it when the pigeons owner told me he was also from Derry! 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Businessman and boat owner Kevin Lagan said: We were just happy to be able to offer Declan a lift back to Ireland. Lagan Aviation & Infrastructure have delivered over 60 airport projects across the globe. "We continue to work closely on areas of mutual interest while leading our individual businesses through this challenging economic climate. The company performed strongly up until its last set of six months' interim results late last year, with both sales and profits up 20%. . The group also will build a 200,000-square-foot motorcoach and other storage facility, possibly with dry storage, OGrady added. The judgement suggests that the roots of the dispute go back to 2001 when there were efforts by the two men to agree on the re-organisation of the group. FastHouse is an innovative modular timber frame and bonded panel systems business based in Limavady, Northern Ireland. Our Story Under the leadership of Kevin Lagan, a diversified construction business was built up over five decades. Sale of the Lagan Group, announced today, may mark a significant departure for Kevin and his family, but not a complete exit; Kevin and his family are to keep Lagan Homes, one of the largest housebuilders in Northern Ireland, with turnover of some 76 million in 2017. Kevin enjoys fishing, boating, and spending time with his four sons. Add to that a role in the glittering cast of Hollywood release Widows and his own The Commuter movie makes for a busy year for the Antrim man. Fort Lauderdale Motorcoach Resort and Yacht Club, with operating sponsors Gary Cioffi and Christopher Hein of Long Island, New York, bought the marina and recreational vehicle park at 2323 and 2295 West State Road 84, according to a news release from the loan brokers. app. Enter a Crossword Clue. Kevin Lagan(68),as chairman, has been a driving force behind the business for over 40 years, growing its turnover to 272 million, with combined earnings of approximately 55 million in 2017. Kevin Lagan is on a winning streak - The Times Le Panorama, 57 rue Grimaldi, In early November, Kevin Lagan and family gathered in Belfasts plush new five-star hotel, the Grand Central, to usher in a new era. Kevin McLean | Yacht Manager | Moran Yacht & Ship He brought the same restorative touch to Coca-Cola, where he spent much of his working life and reached his career pinnacle as chairman and CEO, bringing back its fizz when it needed it most. And as luck would have it the bird was found by Derry man Conor McKinney who in turn pleaded with visiting boat owner Kevin Lagan to bring him back home to Ireland! Click the answer to find similar crossword clues . Founded by haulier Peter Lagan in 1960 with the acquisition of the White Mountain Quarry outside Belfast, Kevin took over from his father in 1969, working with his brother Michael on building up the business. It significantly strengthens our cement offer, adds to our mineral and downstream resources, brings us a bitumen import/export business and adds real weight to our contract surfacing operations. Belfast-based Herbert (61) operates 145 KFC outlets, with up to 40 new ones added last year, making the group the biggest KFC fast-food franchise in Europe. The property now has 4,800 lineal feet of marina dockage for boats over 60 feet and 265 pad sites. 2023 Moran Yacht & Ship, Inc. All rights reserved. Matters appeared to reach a head in 2007 when a company in which Kevin was the majority shareholder paid 31m to acquire Welsh Slate. The company has continued to grow under its new management but volatility in sterling has resulted in a slip of their net worth. Just over five months after selling his building materials business to the listed Breedon Group and bagging 455m (503m), Lagan unveiled to a gathering of the citys great and good a new investment vehicle, led by his sons Peter and John. In a joint statement issued on Thursday the brothers said: "This matter relates to a succession planning issue which arose some four years ago. Ballymena actor Liam Neeson in The Ballad of Buster Scruggs. Its most recent set of accounts, for the year to March 2011, refer to it acquiring the civil engineering, piling, PFI and operating and maintenance business of the Lagan Group as "part of a wider re-organisation". 157, 98000 MC, 6 Christies Landing Pre-tax profits were 1.5m in 2017, down from 10.7m in 2016. Delivered in 2008, it could not be reported until now for legal reasons. Company/Ship Security Officer, Massachusetts Maritime Academy, June 2004. O'Doherty, who graduated in engineering from Queen's University Belfast, chairs Derry City FC and financially supports the club. Roughly $20 million of the new financing will go toward the capital improvements to be completed over a year, and the rest was acquisition financing, OGrady said. This is the first thing I've done to him that I am not proud of." Skipper Kevin Lagan and his friends were on a trip to. We saw the bird had a nasty wound on his wing and we did our best to make him comfortable. 1300 SE 17th Street, Ste. Lagan is a leading supplier of construction materials and contract surfacing in Ireland and the UK with a modern cement plant in Kinnegad, nine active quarries, 13 asphalt plants and nine ready-mixed concrete plants. Bill Langan. The couple are keen collectors of art and artefacts, and spend most of their time in Monaco. 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Kevin Morgan - Fleet Manager - DPA/CSO - Moran Yacht & Ship - LinkedIn We assume that he benefited from a minority stake in the group. Ballymena-born actor Liam Neeson (66) has had a busy year as he continues his career beyond the smash hit Taken trilogy. In July 2019, Lagan Investments acquired a majority stake in Frame-Tech Structures, one of the fastest growing providers of timber frame solutions in the UK. However, Michael complained that in 2005 Kevin had "frustrated" the agreed sale of the group's building materials and clay business. Michael also said Kevin undertook a "tactical manoeuvre" which involved pressuring him to invest 9m of his personal money in the group's house-building operation and breaching fiduciary duties in respect of a 31m deal to buy a Welsh slate company. Chamber music enthusiast and former pharmaceutical graduate and lecturer at Queen's University Belfast, John King (69), who lives in Co Kildare, is the former CEO of women's healthcare firm Galen, which was one of Northern Ireland's largest firms in the sector. In March, Delaware-registered Cove Marina Holding bought the 72-slip River Cove Marina on the Miami River for $11 million. Last year, it invested in Fast House, a maker of factory-built modular housing. Most recently, he starred in Netflix's The Ballad of Buster Scruggs. Residents while in U.S. waters, Yacht Manager | Ft Lauderdale Yacht Brokerage. Michael William Langan, (Bill Langan), (June 9, 1955 - December 31, 2010) was an American yacht designer who practiced his trade in New York City and Newport, Rhode Island. Based in Belfast, Lagan Investments adopts a flexible approach to investment opportunities across a variety of sectors within the UK and Ireland. Belfast-born Danny Hill (76) emigrated to Australia at the age of 13 and made his fortune mining nickel in the 1970s. The most recent accounts for his Rory Foundation, which gives money to various charities that help sick children, said it donated 1.57m in 2017. A manufacturer of modular closed panel and timber frame systems for the construction industry, it employs about 100 people and is supplying about 470 luxury holiday lodges to Irelands first-ever CenterParcs resort in Co Longford. The 20-acre Yacht Haven Park & Marina in Fort Lauderdale is poised for a makeover and additional storage after selling for $58.1 . 22 Geoffrey Elliott 88m (Pharmaceuticals). . Belfast music legend Van Morrison (73) released his 40th studio album, The Prophet Speaks, in December. He and his wife's high-end property development firm, Chardan Development Group, which primarily focused on developments along the Australian Sunshine Coast near Brisbane, has also prospered. Kevin Lagan is on a winning streak The wheel of fortune has favoured one of the Lagan brothers, after the acrimonious family business split Kevin has gone from strength to strength, leaving. Sales and profits were slightly down in the (most recent) 2017 accounts of 70-year-old Harold Montgomery's Newtownabbey haulage firm, Ballyvesey. Among Kevin's many notable successes are the sale of the 164' Westport (50M) LADY KATHRYN IV, 192 (58.5 m) Lurssen CAPRI, 223' (68M) Lurssen KISMET, 200' (61M) Lurssen LADY KATHRYN V, 198' (60M) Lurssen . Please fill out the form below to contact this member of the team. Family still dominates the business, with many of the Lagan brood still working in the enterprise. Co Down man Tom Eakin (85) was running his pharmacy in Dundonald on the outskirts of east Belfast when he set up TG Eakin company in 1974 to produce medical ostomy products, particularly skin protection and wound drainage products. On the day of his wifes death, Kevin Lagan received a letter warning that, if the sale went ahead, the buyers would not live to see the benefits of the sale. Co Down native Rea (65) owns about 60% of AES Engineering, the Yorkshire firm he founded that became the world's largest manufacturer of mechanical seals. Kevin has 1 job listed on their profile. The combination of Breedon and Lagans materials interests will create a workforce of 3,000 and turnover of more than 900m. The plant went ahead, and opened in 2002. And because he was from Derry, we agreed to call him Declan! he added. I managed to catch it and saw it had a phone number, he said. By. The settlement involved Michael Lagan taking exclusive control of some parts of the business, now called the Lagan Construction Group. The easygoing Co Down couples life-changing 115million win sees them enter the annual list in 16th position, just behind golfing superstar Rory McIlroy (158m) and Ballymena-born Hollywood A-lister Liam Neeson (117m). There were then further unsuccessful negotiations before Michael filed the petition as what he described as "a last resort". Moran Yacht & Ship. Kevin McLean. "We believe it has the potential to add significantly to the groups performance and prospects and we are looking forward to working with our new colleagues to deliver further value for our investors.. Kevin Callahan yacht broker at Moran Yacht and Ship Pompano . Since then, the couple have set up the Planet Wheeler foundation in 2008 to tackle poverty in Southeast Asia, East and West Africa, Nepal and Afghanistan. Kelly previously spent three years as chief executive of the company, which bought Quinn Insurance for 1 back in 2011. Having started out as a provider of specialist software to leading global investment banks, the firm has evolved into a provider of products and consulting services, particularly building on its strength in ultra-high performance data analytics. Londonderry-born actress-turned-LA producer Roma Downey and east Belfast-born music legend Van Morrison are among the handful of famous names from the entertainment world on the list dominated by home-grown entrepreneurs who have created internationally successful companies. It made him the 26th highest paid athlete and the fourth highest paid golfer in the world.
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