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The future of home buying: How Liberty Blue is using technology to transform property sales

The future of home buying: How Liberty Blue is using technology to transform property sales

Business Post26-04-2025

Residential
The future of home buying: How Liberty Blue is using technology to transform property sales
Waterford-based estate agency's virtual viewings are changing the game for buyers looking to make the biggest purchase of their lives
Tina-Marie O'Neill
15:00
'When I'm buying a pair of shoes, I want to try them on. Why should it be any different for a home?' asks Regina Mangan, head of Liberty Blue Estate Agents, who is employing Apple's immersive technology to showcase new-build homes from her show suite in Waterford City

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UK urged to move faster on public contract ban on firms linked to Grenfell fire, including Kingspan
UK urged to move faster on public contract ban on firms linked to Grenfell fire, including Kingspan

The Journal

time3 hours ago

  • The Journal

UK urged to move faster on public contract ban on firms linked to Grenfell fire, including Kingspan

EFFORTS TO BAN companies linked to the Grenfell fire from UK public contracts – such as Kingspan – must speed up, a survivor of the fire has said ahead of the eighth anniversary. Bereaved and survivors of the blaze will gather tomorrow in west London for the annual commemoration of the disaster which claimed 72 lives. It is likely to be the final anniversary which takes place with the tower still standing in its current form, as demolition work could begin in September. Former tower resident Edward Daffarn, who had previously raised safety concerns and predicted a 'catastrophic event' at the tower seven months before the fire, said this year's memorial will be 'all the more poignant' for that reason. But Daffarn is hopeful a new documentary about the blaze, due to air on Netflix next week, will spur UK Government efforts to take action against companies linked to fire. He told the PA news agency: 'One thing that this documentary needs to do is put pressure on the Government to ensure that the companies involved are not able to access public funding, and I'm hoping that this documentary will accelerate that process.' Former tower resident Edward Daffarn had previously raised safety concerns Alamy Stock Photo Alamy Stock Photo The Cabinet office confirmed in February that seven companies were facing possible bans. This includes Cavan-based insulation firm Kingspan, cladding firm Arconic, former Celotex owners Saint-Gobain, fire inspectors Exova, design and build contractor Rydon, architect Studio E and subcontractor Harley Facades. Advertisement It is understood investigations were launched into all of them in March, looking into whether any engaged in professional misconduct for the purposes of the Procurement Act 2023, potentially leading them to be debarred from public contracts. No timeline has been given for how long it might be before outcomes are known. A Kingspan source last year told The Journal that it's understood such public contracts are of little significance to the firm. The final Grenfell Tower Inquiry report, published in September, concluded victims, bereaved and survivors were 'badly failed' through incompetence, dishonesty and greed. The west London tower block was covered in combustible products because of the 'systematic dishonesty' of firms who made and sold the cladding and insulation, inquiry chairman Martin Moore-Bick said. He called out 'deliberate and sustained' manipulation of fire-safety testing, misrepresentation of test data and misleading of the market. Daffarn said the documentary will be the first 'that truly exposes and brings into people's living rooms' the 'cowardice of the corporates and how profit was put before people'. He said: 'I hope that people who watch the documentary come to understand that although Grenfell happened eight years ago, there's a lot that still hasn't been resolved and, as a consequence, the companies involved with Grenfell just seem to want to brush everything under the carpet and carry on making money. 'And I think the documentary clearly exposes how little these companies and individuals have been held to account for their roles in Grenfell.' On UK Government efforts, which Keir Starmer first announced last September, to debar companies, Daffarn said the process is 'too slow' and bereaved and survivors are 'still waiting' for companies to face consequences. He said anyone left angered by the documentary could avoid buying products from companies criticised in the report to 'make sure that those companies understand that there is a consequence of their actions'. Read Next Related Reads Grenfell inquiry finds Kingspan 'cynically exploited' unsuspecting market with 'false' safety claims Grenfell Tower report criticises 'decades of failure' by UK Government and takes aim at Kingspan Bereaved and survivors have long campaigned for criminal charges to be brought over the disaster. Police and prosecutors have previously said investigators would need until the end of 2025 to complete their inquiry, with final decisions on potential criminal charges by the end of 2026. The near 10-year wait for justice has been described by families as 'unbearable'. The decision to bring the tower block down was confirmed earlier this year and prompted mixed reaction, with some people feeling their views had not been properly taken into consideration. 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Private equity interest turns up the heat on Ireland's fire-safety sector
Private equity interest turns up the heat on Ireland's fire-safety sector

Irish Independent

time12 hours ago

  • Irish Independent

Private equity interest turns up the heat on Ireland's fire-safety sector

Industry consolidation and recurring revenues make safety service providers an appealing target Private equity firms are stepping up their interest in Ireland's fire safety sector, as the lure of consolidating the fragmented industry attracts more international investors. The latest sign of M&A activity heating up came last week when Ranger Fire and Security, backed by London-based investment firm Hyperion Equity Partners, bought Aqua Fire Prevention. The deal was Ranger's second acquisition in Ireland, building on last year's purchase of KSS Fire Suppression and its 10th deal overall since launching in early 2024. Mark Bridges, CEO of Ranger, said the seven-figure deal to buy Aqua was the first of many for the private equity-backed group. 'It wouldn't surprise me if we did another three or four this year in Ireland alone,' he said. 'We are a broad church. We cover all services with a real focus on the active fire and security elements, especially the maintenance side.' Bridges said Ranger would invest 'multiple millions' in the Irish market as it hopes to consolidate the 'very fragmented' fire-safety sector. He added that Ireland was attracting more attention from buyers. If the right deal comes up, I'll take it. A good business is always hard to get 'We all want to be early adopters,' he said. 'We weren't first, but we're seeing more interest in the space.' Looking at the Irish industry, Bridges said the fire-safety sector in Ireland had many appealing characteristics. 'It is in life safety, which is clearly very important to people and something that is unlikely to be reduced by any government. It's more likely to be enhanced, because of the importance of keeping people safe. 'But the market is incredibly fragmented. There are 4,000 businesses in the UK and Ireland. It's regulated, and the regulations in Ireland are very similar to those in the UK. ​'Finally, because of the maintenance-led approach that we focus on, there are recurring revenues – and that is appealing. All those characteristics make it an exciting sector,' Bridges added. ADVERTISEMENT 'We think, therefore, we can do some really good things in the market as well.' The acquisition of Aqua, founded by Brendan Mooney in 1986 and with 3,000 customers, including RTÉ and Boyle Sports, will see the brand retained, with cross-selling opportunities into the group's other fire-safety entities. Ranger hopes to become the go-to provider in the UK and Ireland sector, with revenue now hitting £40m. Aqua's core services include fire extinguisher supply and installation, equipment service and maintenance, fire prevention compliance and fire safety training. Hyperion is not the only private equity player that has acquired Irish fire-safety firms. Dutch private equity firm Waterland acquired fire protection system provider Writech in 2021. Ted Wright, CEO of Writech, said the Mullingar-based group now owns six businesses in Ireland, with three more in the UK and another three in Europe. It is in the process of acquiring a 13th business in the UK. 'If the right deal comes up, I'll take it,' he says. 'Ireland is difficult to do a deal in any way. A lot of founders have really looked after their business. A good business is always hard to get. There will always be competition for good businesses. 'It is more private equity than trade,' he added on the competition. Wright said Writech was not actively looking in Ireland, but its 'ears were always open' for deals.

Taxpayer stumps up €444,000 claims against travel agent
Taxpayer stumps up €444,000 claims against travel agent

Irish Examiner

time17 hours ago

  • Irish Examiner

Taxpayer stumps up €444,000 claims against travel agent

The taxpayer is on the hook for claims totalling €444,412 from customers of the collapsed travel agency Platinum Travel. The Dublin-based travel agency went out of business on December 19 last and the annual report from the Irish Aviation Authority's Travellers' Protection Fund, Travel Agents' and Tour Operators Bond shows that the Platinum Travel Ltd bond covered only €47,143 of claims made in 2024. The total amount of claims from Clontarf-registered Platinum Travel Ltd's customers of flights and package tours totalled €478,112, offset by €13,443 in claims - refund credit notes, resulting in the €444,412 in outstanding claims being met by a Dept of Transport fund. A note states that there were insufficient funds within the bond to meet all liabilities without recourse to the Dept of Transport fund. The annual report explains that the Traveller Protection Fund's cash levels were insufficient to compensate all claimants for the 2020 to 2024 collapses, and an application was made to the Department of Transport to top up the fund. Between 2020 and 2023, €2.75m was transferred into the Traveller Protection Fund by the Department of Transport and a further €450,000 was requested from the Department on December 19, 2024 following the collapse of Platinum Travel Ltd. The €450,000 contribution by the Dept of Transport in 2024 was triple the €150,000 contribution made in 2023. A note states that a claim to recover the amounts met by the Dept of Transport Funds has been lodged with the company's liquidator. The Dept of Transport funds were received on January 30th 2025 and the Irish Aviation Authority 'concludes that the receipt of these additional funds allows the fund to operate as a going concern'. The most recent accounts for Platinum Travel show that it was loss-making in 2023 where it recorded a loss of €14,271. At the end of 2023, the company had accumulated losses of €68,799. Its shareholder funds totalled €76,201. The company's cash funds at the end of December 2023 amounted to only €2,990. The Irish Aviation Authority's Travellers' Protection Fund, Travel Agents' and Tour Operators Bond report states that the requirement for a bond may also be satisfied by a cash sum deposited with the Irish Aviation Authority (IAA) and at December 31st last monies deposited in cash for such a purpose amounted to €24.76m compared to €41.62m at the end of December 2023. Ends

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