Almost 400 jobs nationally have been lost at Target Express, after they announced they ceased trading on Monday night.
The country’s largest haulage company has local links, as the Managing Director of the business Seamus McBrien is a native of Derrylin, Co Fermanagh.
The decision to cease trading followed a move by the Revenue Commissioners to place an attachment on the company’s bank accounts. Management said they have been unable to pay staff as a result.
Mc Brien claimed the Revenue had rejected a deal which would have seen the company pay off a further €175,000 from an overall outstanding liability of €300,000. As a result, he said, 398 people had lost their jobs because the Revenue insisted on receiving the additional €125,000.
Target Express is the trading name for College Freight Ltd, which was founded by businessman Seamus McBrien. Its holding company, Farnley Investments, has a registered address in Derrylin, Co Fermanagh. The company operates a number of depots across the island of Ireland, with a small presence in mainland Britain.
Mr McBrien is listed as a member of Concerned Irish Business, which has offered support to the former head of the Quinn Group, Seán Quinn.
Target Express is also well-known as the main sponsor of Tyrone GAA. Clients of the company include Smyths Toys and AWear.