Home » Tag Archives: business (page 2)

Tag Archives: business

Rhode Island hub opens up US market for Clare enterprises

Clare County Council through the Local Enterprise Office Clare has embarked on a collaborative initiative to build stronger trading links with Providence in the north-eastern U.S. State of Rhode Island. A new business centre has been established in Providence to cater for County Clare enterprises seeking to enter the US market. The Ireland West International Trade Centre (IWITC) is also supported by local authorities in Sligo, Roscommon, Mayo, Leitrim and Galway. Twelve enterprises from across the West of Ireland have returned from a visit to Rhode Island where they engaged with various businesses and political leaders and explored the potential opportunities for winning business in the United States. Clare businesses were represented Louise McGuane of the Chapel Gate Irish Whiskey Coin Coraclare and Aidan Quilligan, Sixmilebridge of Clubify. Members of the Irish delegation also were guests of honour at World Trade Day, held annually in Bryant University. This event is focused on developing international trade and was attended by over …

Read More »

Chocolate company expands following appearance on Dragon’s Den

  Irish Raw Chocolate Business Magic Mayan has expanded its sales into Northern Ireland and is growing in size following owner Darren O’Connor’s appearance on RTE’s Dragon’s Den last night (Sunday, April 30). While the county Clare family business did not secure an investment from the five dragons, in the days after filming Magic Mayan signed a contract to export its chocolate and protein bombs into the UK via Northern Ireland. Employing five people and with plans to expand the workforce and production of chocolate and protein bombs even further in the coming months, the artisan raw chocolate business based in Ennis continues to grow. “We are currently selling 35,000 protein bombs a month and more than 1,000 bars of hand made chocolate each week through our Irish distributers, and online,” explained Darren, who took over Magic Mayan two years ago with his wife Sinéad. “The protein bomb market is growing at a huge rate internationally as people are becoming …

Read More »

Updated: Voluntary redundancy scheme for Shannon

SOURCES on Wednesday evening indicated that employees aged in their mid 50s and older at Shannon Airport will be offered a voluntary redundancy package. While Shannon’s traffic has increased since it separated from the Dublin Airport Authority at the start of 2013, it is still less than 50% of what it was at its peak. As far back as June 2015, a voluntary redundancy scheme for the airport was first proposed, at a time when Neil Pakey was still its CEO. Then it was said that such a move would be required to address Shannon’s cost base, with staffing levels still relatively similiar to 2006 and 2007, when Shannon had more than 3.6 million passengers per annum. To put it in perspective, there were 1.7 million passengers in 2016. It appears that the savings achieved through redundancies would be used in part to fund redevelopment at the airport. At the moment some works are underway in the terminal building and there are …

Read More »

Hitting the road ‘Down Under’

Tourism Ireland, together with 13 Irish tourism companies, including Dromoland Castle, is preparing to undertake a week-long sales mission to Australia and New Zealand next month – to grow tourism from both markets. The sales mission, which takes place from November 14-21, will target some 300 influential travel agents, tour operators, airlines and travel journalists in the key cities of Auckland, Brisbane, Sydney and Melbourne. The objective is to engage with travel professionals in the four cities who are currently selling the island of Ireland, or who have strong potential to sell the destination – and to encourage them to extend their Ireland offering, or to include Ireland for the first time, in their future brochures and programmes. Business links between the tourism companies from Ireland and the influential travel professionals in these markets will be strengthened during the sales mission. The island of Ireland has seen very good growth in visitors from Australia and New Zealand over the past …

Read More »

€7.3m profit for Shannon Group

SHANNON Group made a profit of just under €7.3 million last year. The Group encompasses Shannon Airport, Shannon Commercial Properties, Shannon Heritage and Shannon IASC. Its accounts show that it had total fixed and current assets of €147.5 million and total equity of €120.2 million. There were liabilities of €27.3 million. The accounts show that aeronautical and commercial activities were responsible for €37.76 million in revenue, commercial property rental, management and development for €14.22 million and tourism activities for €13.57 million. Shannon Group saw depreciation of just under €4 million in 2015. Wages and salaries for the year came to €28 million while there were social welfare costs of €2.46 million. On average Shannon Group employed 481 staff during the year. Four hundred and two were in operations and administration, 48 in commercial activities and 31 in property. Remuneration for the then Shannon Group Chief Executive Officer Neil Pakey came to €255,676 in 2015. Commenting on the Shannon Group results, …

Read More »

Women leading the way in business

Local Enterprise office Clare held the first of a series of women in business networking events on Tuesday. Special guest Maria Kelly, spoke to a large group of focused and successful business women.The network, which has grown in numbers over the last number of years, is testimony to the fact that female specific supports have been successful in increasing the number of female entreprenuers in Ireland. The Leo Clare women in business network has a diverse range of female entrepeneurs across varying sectors including; hospitality, retail, manufacturing, craft, food, tourism and new comers at early stage start up. The network welcomed back loyal members and greeted new members to the group. Collectively the business that were in attendance at this event employ in excess of over 450 people collectively, and this figure continues to grow. The presentation highlighted the importance of developing a business growth strategy. “Most small business owners are too busy or are too close to their business to …

Read More »

Reagecon bringing new jobs to Shannon

SHANNON based company Reagecon has announced its intention to create 40 new jobs in the next 12-24 months. It has also targeted annual export revenues of €50 million by 2020. Founded in Shannon 25 years ago it manufactures and exports physical and chemical standards and reagents for laboratories worldwide. The products are developed and manufactured in Shannon and sold through distributors in 150 countries and directly to end users in Ireland and China through Reagecon’s sales offices in Shannon, Co. Clare, Ireland, and Shanghai, China. John Barron, Managing Director and Chairman of Reagecon said that the new jobs form part of “an ambitious programme of scaling”. He confirmed that all of the 40 new jobs, 15 of which have recently been filled, are high value Chemist positions.  The company presently operates from a 64,000 square foot facility in Shannon and employs 86 people, over half of which are scientists. “Since the beginning of 2011, we have developed a major pipeline …

Read More »

Question mark over Knights’ future

THERE is a doubt about the future of Shannon Knights, according to accounts filed during the summer, which show accumulated losses of almost €1.75 million. Established in 1972, Shannon Knights has always been family run and has been one of the most prominent social centres in Shannon for decades. A little over five years ago, there was a multi-million euro revamp and in advance of its reopening in 2010, management spoke of expanding their clientele to Limerick and Ennis but economic conditions since then have proven difficult. The accounts, which were prepared by Curtin O’Friel & Co Chartered Certified Accountants and deal with the year up to the end of August of last year, state that the company had accumulated losses of €1,745,549. They state, “These conditions, along with the other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt on the company’s ability to continue as a …

Read More »