Belfast-headquartered firm says net assets now close to 50m, including 28m cash pile, Hennerty is credited with helping Kerrygold exceed 1bn in annual sales, The winner of The Irish Times Business Person of the Year Award, in association with KPMG, will be announced in early September, Irish Times Business Awards, in association with KPMG, will be held in September as a virtual event, Awards ceremony originally due to be held on May 13th to take place at Mansion House, Business Person of the Year and other category winners to be announced at May event, Timeline of events: Attacks on former Quinn Group businesses and managers began in 2011, His newest venture FastHouse agrees deal for 200 homes in Dublin, Business will provide synergies with Lagans FastHouse rapid build operation, Kevin Lagan-founded fund will also provide peer-to-peer start-up with 5m in capital, Offsite construction company FastHouse will build 202 homes under Dublin contracts, Lagan Airport Maintenance in joint venture due to begin work in May, Business Week: also in the news were mortgage lending rules, tracker fines and Facebooks pay, Rapid-build specialist backed by businessman Kevin Lagans 20m investment, Business Today: the best news, analysis and comment from The Irish Times business desk, Lagan Investments being funded from 527m sale of construction supply firm, Belfast born Lagan built up family business but will hold on to housebuilding arm, Profits from joint ventures increase 15-fold for Belfast-based Lagan brothers, Debt at the centre of the winding up petition relates to a judgment against firm over pyrite used in a building in Ballymun in Dublin, Commercial court refuses application to fast-track wind-up petition on Irish Asphalt, Move part of dispute between JEC and Irish Asphalt over material with excessive pyrite, Peter Murtagh on the threads that link rival US funds, Northern politicians, legal firms and middlemen to the property sell-off that cost the State hundreds of millions, Money discovered by Belfast law firm was apparently fees from US firm Cerberus, Irish Asphalt, Lagan Holdings and three Lagan directors want claims struck out, Vehicles set alight and threats sent to executives linked with Aventas Group, Company says no business can operate when threats put workers and directors at risk, Construction firm alleges deceit by Irish Asphalt over quality of infill material, Crosswords & puzzles to keep you challenged and entertained, Explore how the historic deal helped bring about peace in Northern Ireland, Inquests into the nightclub fire that led to the deaths of 48 people, A project examining attitudes about the future of Ireland, Weddings, Births, Deaths and other family notices, Lagan Homes double profits to almost 7.5m as sales rise 23%, Ornuas Risn Hennerty named Irish Times Business Person of the Year, The first seven winners of Business Person of the Month, Nominees announced for third Irish Times Business Awards, Irish Times business awards to be hosted in early September, The Irish Times launches third annual business awards, Campaign of terror: 70 acts of vandalism and violence on Quinn Group firms, The Irish Times Business Person of the Month: Kevin Lagan, Kevin Lagan acquires majority stake in UK timber frame manufacturer, Lagan Investments takes 10% stake in Property Bridges, Derry group to deliver three rapid-build projects for Dublin, Knock airport appoints contractors for 11.2m runway overlay, Brexiteers round on Bank of Englands Project Fear analysis, Fasthouse hopes to build 1,500 homes in areas with housing shortages. 204 Lidia Dinkova. 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. The Comber-based firm bought a Welsh company, Pelican Healthcare, in 2007 and the group, which has a parent firm in the Isle of Man, exports to more than 30 countries. 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. 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. So much so that it became the biggest online retailer of all things cycling-related. 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Details of the falling out were revealed in a High Court judgement which concerned Michael's attempt to have the business wound up. It is now the largest producer of snack foods in the UK following its acquisition of Tavern Snacks in 2017. He said the act of filing a winding-up petition had, at that time, put the company in technical default of bank loans and PFI contracts. The plant went ahead, and opened in 2002. Belfast-born Danny Hill (76) emigrated to Australia at the age of 13 and made his fortune mining nickel in the 1970s. After numerous charters, deliveries . We have noticed that there is an issue with your subscription billing details. Ballymena-born actor Liam Neeson (66) has had a busy year as he continues his career beyond the smash hit Taken trilogy. 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. BBC Worldwide took control of the Lonely Planet travel guide book business for a total of 121m. 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. SHARE THIS ARTICLE. 22 Geoffrey Elliott 88m (Pharmaceuticals). He is currently working in construction on St Kilda and he spotted the injured bird shortly after it landed on the island. A rich list published earlier this year put the combined wealth of the Belfast-born Lagan brothers, Kevin and Michael, at some 1.3 billion. 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Son of construction empire founder takes pride of place at top of rich list with 442m fortune, Euromillions winnersFrances Connolly, 52, and Patrick Connolly, 54, from Moira scooped a 115 million EuroMillions jackpot in the New Year's Day lottery draw. The Emmy-nominated actress and her husband, former British soldier Mark Burnett (also 58), have made their money from TV formats and productions. Two years later he was yachting in South Florida as captain on a large (for the time) motor yacht. The keen surfer is based in south-west England. But a feud between the brothers threatened the future of the Lagan Group and subsequently led to the business being split up in 2008, with both working together on areas of mutual interest. 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. At the age of 21, this North East English native took the chance and jumped at the chance to sail (oh so green) aboard a sailing schooner bound from Spain to the West Indies and onwards to the US. Bill Langan. Lagan Aviation & Infrastructure have delivered over 60 airport projects across the globe. There is also property in the UK, Poland and Europe, and the business caters for materials recycling and supplies construction machinery, distributes container handling equipment and does truck rental and hire. Explore in 3D: The dazzling crown that makes a king. 4 May 2022 | 11:30. 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. 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. 19 John and Darren Donnelly 94m (Transport). . Ballymena actor Liam Neeson in The Ballad of Buster Scruggs. Belfast music legend Van Morrison (73) released his 40th studio album, The Prophet Speaks, in December. McCabe (62), who was born in Belfast, made his fortune when CBT, the e-learning company that he founded, floated on the Nasdaq in the 1990s. 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. Fleet Manager - DPA/CSO. Herbert was last year reportedly selling off an east Belfast luxury apartment development site and its plans for close to 4m. The brothers grew the Lagan Group into a business with 1,000 staff. In affidavits filed in 2008 as part of the court case Michael Lagan accused his brother of seriously undermining their "relationship of trust and confidence". It did not pay the Portadown man a dividend in the year but said investment continued in order to meet new customer demand. 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 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. Click the answer to find similar crossword clues . Kevin Lagan enters into an agreement with Breedon Group plc to sell Lagan Group for 455m. Patrick Connolly is a businessman and Frances Connolly is a teacher, who has been off work for a period of time due to a leg injury. 2023 BBC. By 2017, this business had a turnover of more than 400m and employed around 1,200 people. John (70) and his son Darren (47) both still sit on the board of Antrim-based Retlan Group. Ray Hutchinson (69), who lives in Banbridge, and his family own Manderley Food Group, based in Tandragee, Co Armagh, which operates the Tayto brand here. They scooped a total of 114,969,775.70 in the EuroMillions draw. The BBC is not responsible for the content of external sites. O'Doherty, who graduated in engineering from Queen's University Belfast, chairs Derry City FC and financially supports the club. Skipper Kevin Lagan and his friends were on a trip to. The company reported a 10.8m loss in 2017 due to "exceptional costs" but managed to grow its revenues to 85.4m. Then in 2006 they reached what the judge described as "at most an agreement in principle" on a "partition" which would have seen each of them take exclusive ownership of different parts of the business. Read about our approach to external linking. Armagh-born Edmund F 'Ted' Kelly (73) is a former chairman of insurance giant, Liberty Mutual. The worn-out bird eventually landed on Hirta the largest island in the St Kilda archipelago 100 miles from the Scottish mainland. There was good news for the Co Antrim family business Wrightbus - of which William Wright (93) is the chairman - when it won orders for more than 200 buses from customers in Hong Kong last year. The couple are keen collectors of art and artefacts, and spend most of their time in Monaco. 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. 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. In April 2018, the construction materials business including the Cement Manufacturing Facility, Kinnegad was sold to Breedon Group Plc for 455m. Newport, RI, USA 02840, Sitemap | Privacy Policy | Terms & Conditions, Non-U.S. Flagged Vessels Not Available For Sale or Charter to U.S. 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". After a protracted battle with the billionaire Barclay brothers, he sold a 36% stake in three of London's most expensive hotels to the Qatari royal family, but continues to receive a 5m-a-year fee for helping to manage them. Mr Justice McCloskey described this deal as "the impetus for a major rift between the brothers". Breedon chief exec Pat Ward says Lagan is not a business where he's seeking to strip out costs but rather sees it as a platform for growth. Lonely Planet founders Wheeler and her husband Tony wrote about their experiences travelling from Britain to Asia in a campervan in 1973 and then developed the format by bringing in amateur writers to help cover the globe. 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. Registered office: 1 London Bridge Street, SE1 9GF. Lagan Group was formed in the 1960s on the outskirts of Belfast by Kevins father Peter Lagan when he opened his first quarry at Whitemountain. Lagan Investment would take a flexible approach to seeking opportunities across a variety of sectors, both locally and internationally. The firm, which makes specialist data centre switchgear and power distribution equipment for the energy industry, employs about 1,700 staff around the world. Our Story Under the leadership of Kevin Lagan, a diversified construction business was built up over five decades. Skipper Kevin Lagan and his friends were on a trip to the Hebrides when they heard of the birds plight. Kevin McLean. Registered in England No. It made him the 26th highest paid athlete and the fourth highest paid golfer in the world. The BBC has learned that two brothers who built one of Ireland's biggest construction groups had a bitter feud which threatened the business. 204 This field is for validation purposes and should be left unchanged. Derry group to deliver three rapid-build projects for Dublin. Planned improvements include a new 200K sf dry storage, Aerial of marina at 2323 and 2295 West State Road 84 (Google Maps). The singer - knighted by the Queen - also owns residential properties in Belfast and Bath. This is the latest of a slew of marina deals in South Florida. I noticed it had a ring on its leg. 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. Kevin is a sound, solid individual who relishes the opportunity of representing some of the leading yacht owners in the world. The judge said there was then a "trading of punch and counter-punch" when more allegations were made. The Crossword Solver found 30 answers to "go;;gee of lagan", 3 letters crossword clue. Pat Ward, Breedons group chief executive, added: Lagan represents a unique opportunity to enter a growing market with immediate scale and excellent opportunities for expansion. We assume that he benefited from a minority stake in the group. Kevin Lagan-founded fund will also provide peer-to-peer start-up with 5m in capital. IGY Marinas unveils the IGY Trident membership programme. Working as master aboard offshore tugs, supply ships and research vessels, mostly in Latin America (Spanish speaker) Kevin increasingly specialized in the formal training of Latin crew and sailing ships to US shipyards for refit and US Coast Guard Certificate of Inspection. It also operates a major Hagen-Dazs franchise. He is actively involved with constructing one of the largest yachts ever to be built for a USA-based client, the 305 (93 m) GLOBAL project currently under construction in Germany. The Crossword Solver finds answers to classic crosswords and cryptic crossword puzzles. Famed superyacht designer Bill Langan dies. Tue Apr 17 2018 - 17:45 A rich list published earlier this year put the combined wealth of the Belfast-born Lagan brothers, Kevin and Michael, at some 1.3 billion. During his time at the helm of the company, he earned 138m, which he defended, saying that an "accounting issue" made his payout look bigger. Kevin has 1 job listed on their profile. Top $76,000-a-year New Jersey boarding school admits 'more should have been done' to stop bullying of boy, 17, who took his own life after being falsely accused of rape by cruel peers Delivered in 2008, it could not be reported until now for legal reasons. As part of the rebranding, the buyers renamed the property Yacht Haven Park & Marina from its previous moniker Fort Lauderdale Yacht Haven Park and Marina. Please, 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 Michael in the shade, Belfasts Kevin Lagan, of the multinational construction group, has had a great year. Most populous nation: Should India rejoice or panic? In early November, Kevin Lagan and family gathered in Belfasts plush new five-star hotel, the Grand Central, to usher in a new era. Ft. Lauderdale, FL, USA 33316. He added: We are all absolutely delighted.. The family has already invested heavily in Lagan Homes, Northern Irelands biggest house builder, which is active in Britain and poised to expand into the Republic. It describes how "increasing and unresolved differences" between the brothers developed into a "serious conflict". LAGAN Homes Group, the house-building business owned by Kevin Lagan, has reported that pre-tax profits have almost doubled to 6.2 million, with turnover rising by 23 per cent to 95 million for . Outspoken Brexit supporter and Campbell College, Belfast-educated Tim Martin (63) owns 31% of listed UK pub chain Wetherspoon, which he founded in 1979. Cement Manufacturing Facility, Kinnegad, Ireland. The family sold the group to its main rival, Wiggle, in 2016 as part of a merger deal. In the event the court ordered that as the case was essentially a dispute between the two men, and the business was solvent, the petition should not be made public. 2023 Moran Yacht & Ship, Inc. All rights reserved. The acquisition of Kevin Lagan's Lagan Group comes weeks after it was announced that four firms within Michael Lagan's Lagan Construction Group had gone into administration, putting 200 jobs at risk. His extensive cruising knowledge of the Bahamas and Caribbean provides his clients with an unrivaled professional service. Established in 2015, FastHouse designs, manufactures and installs precision engineered timber frame systems and produces GRP laminated panels, incorporating application specific cores, for both the residential and commercial markets in the UK and Ireland. To honor Bill's memory, Kevin Merrigan, President of Northrop & Johnson, is training to run Disney's Marathon and a Half, otherwise known as the "Goofy Race". 16 May 2022 | 09:00. Sep 2012 - Present10 years 8 months. Kevin and Michael Lagan grew the Lagan Group into. He is understood to be the main beneficiary of the sale to English aggregates company Breedon. But the sale, announced today, of Kevin's Lagan Group for 526 million in cash is likely to propel him further up the wealth table. 6 Tom Eakin and family 305m (Medical Devices). The 20-acre Yacht Haven Park & Marina in Fort Lauderdale is poised for a makeover and additional storage after selling for $58.1 . The 67-year-old announced plans to invest 50m into three centres of excellence across Northern Ireland, each tasked with developing technologies to diagnose heart conditions, cancer and infectious diseases. Lagan Homes is a premier house-builder with operations in Northern Ireland, England and Republic of Ireland. 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. Despite sustaining serious injuries to one of his wings, determined Declan managed to fend off the midair attack by doing an amazing 433-mile detour out over the Atlantic! It will also retain LF FastHouse, which is majority owned by Kevin. Kevin Callahan yacht broker at Moran Yacht and Ship Pompano . He said the attempt to have the business wound-up was taken as a last resort after Kevin failed to make "a fair and reasonable offer" to buy his 42.5% share of the business. Euromillions jackpot winners Frances and Patrick Connolly are the new entries in the Northern Ireland top 30 Rich List.
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