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22/07/2009
Could Belfast's Odyssey Be Over?
Although said to be worth some £80m, there is today "significant doubt" about the future of one of Belfast's flagship entertainment complexes.
Troubled times have hit the development company behind Belfast's Odyssey facility.
The company, Sheridan Millennium, has liabilities of £72.3m, according to information filed within the past three months at Companies House by independent auditors.
It is reported that most of the money is owed to the Anglo Irish Bank in Dublin while accounts for the year ended March 2008 also reveal the company made a net loss of £5.7m.
However, the man behind Sheridan Millennium, Peter Curistan, last night rebuffed any suggestion the company's future was in doubt and said they were currently looking at "three or four development opportunities".
"Those accounts were dated March 2008," he said.
"We decided that we would write down the value of Odyssey and also other bits and pieces. "We made £2.5m operating profit that year.
"Interest rates have fallen considerably since then. "We are saving over £5m a year in interest.
"We got a clear audit opinion which is very unusual in these circumstances and very good news," he said, speaking to BBC Newsline last night.
He also said he is close to selling his stake in Odyssey Pavilion, claiming it will fetch over £80m.
The Sheridan organisation provided £30m for the Odyssey project, with the majority of the capital coming from the public purse.
It currently holds the long-term lease on the Odyssey Pavillion, home to several bars and restaurants.
(BMcC)
Troubled times have hit the development company behind Belfast's Odyssey facility.
The company, Sheridan Millennium, has liabilities of £72.3m, according to information filed within the past three months at Companies House by independent auditors.
It is reported that most of the money is owed to the Anglo Irish Bank in Dublin while accounts for the year ended March 2008 also reveal the company made a net loss of £5.7m.
However, the man behind Sheridan Millennium, Peter Curistan, last night rebuffed any suggestion the company's future was in doubt and said they were currently looking at "three or four development opportunities".
"Those accounts were dated March 2008," he said.
"We decided that we would write down the value of Odyssey and also other bits and pieces. "We made £2.5m operating profit that year.
"Interest rates have fallen considerably since then. "We are saving over £5m a year in interest.
"We got a clear audit opinion which is very unusual in these circumstances and very good news," he said, speaking to BBC Newsline last night.
He also said he is close to selling his stake in Odyssey Pavilion, claiming it will fetch over £80m.
The Sheridan organisation provided £30m for the Odyssey project, with the majority of the capital coming from the public purse.
It currently holds the long-term lease on the Odyssey Pavillion, home to several bars and restaurants.
(BMcC)
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20 April 2004
Good year for Tesco as profits top £1.6bn
It has been a good year for the supermarket retailer Tesco which has seen pre-tax profits soar to £1.6 billion, according to the group's full-year preliminary statement issued today. In addition to driving up pre-tax margins by 17.6%, the company said that it had slashed its debts by £600 million, down to £4.1 billion. In the UK, sales grew by 14.
Good year for Tesco as profits top £1.6bn
It has been a good year for the supermarket retailer Tesco which has seen pre-tax profits soar to £1.6 billion, according to the group's full-year preliminary statement issued today. In addition to driving up pre-tax margins by 17.6%, the company said that it had slashed its debts by £600 million, down to £4.1 billion. In the UK, sales grew by 14.
14 June 2010
CIPR Journalism Awards In Full
Deric Henderson of the Press Association has been awarded the Journalist of the Year title The Belfast Telegraph lifted the title for Coca-Cola CIPR Newspaper of the Year, and the BBC's Spotlight Programme won the Coca-Cola CIPR Scoop of the Year and the Coca-Cola CIPR Current Affairs Programme of the Year for its Irish Robinson Investigation.
CIPR Journalism Awards In Full
Deric Henderson of the Press Association has been awarded the Journalist of the Year title The Belfast Telegraph lifted the title for Coca-Cola CIPR Newspaper of the Year, and the BBC's Spotlight Programme won the Coca-Cola CIPR Scoop of the Year and the Coca-Cola CIPR Current Affairs Programme of the Year for its Irish Robinson Investigation.
23 September 2002
Holywood Road SPAR recognised as 'best company owned site'
The SPAR & Jet Filling Station on the Holywood Road has picked up the top accolade of 'Best Company Owned/Managed Site in Northern Ireland' at the Forecourt Trader of the Year Awards 2002.
Holywood Road SPAR recognised as 'best company owned site'
The SPAR & Jet Filling Station on the Holywood Road has picked up the top accolade of 'Best Company Owned/Managed Site in Northern Ireland' at the Forecourt Trader of the Year Awards 2002.
08 October 2009
Odyssey Complex Redevelopment Unveiled
Plans to integrate Belfast's Odyssey entertainment complex with the city centre and emerging Titanic quarter have been made public. Developers have spend two years working on the designs, which have now been submitted as an outline planning application. Proposals include the construction of a new hotel, a residential riverfront tower and promenade.
Odyssey Complex Redevelopment Unveiled
Plans to integrate Belfast's Odyssey entertainment complex with the city centre and emerging Titanic quarter have been made public. Developers have spend two years working on the designs, which have now been submitted as an outline planning application. Proposals include the construction of a new hotel, a residential riverfront tower and promenade.
28 June 2002
Travel agency to create 120 jobs at old plant
Keith Prowse Travel, which specialises in the distribution and sale of tickets, is set to create 120 new jobs in Donegal over the next three years at its new customer centre. The British travel agency plans to start its initial recruiting stage next week for around 60 jobs at the centre in Buncrana, County Donegal.
Travel agency to create 120 jobs at old plant
Keith Prowse Travel, which specialises in the distribution and sale of tickets, is set to create 120 new jobs in Donegal over the next three years at its new customer centre. The British travel agency plans to start its initial recruiting stage next week for around 60 jobs at the centre in Buncrana, County Donegal.
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Northern Ireland WeatherThis Evening and Tonight:Clear start with a fairly widespread frost developing. Increasing cloud brings occasionally heavy rain overnight, preceded, especially over western hills, briefly by snow. Occasional southeasterly gales, severe near coasts, developing. Minimum temperature -2 °C.
