What is the worst Hit Town in Ireland?

Iarmhi Gael

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Youghal for me.

I own my own Business and have various outlets throughout Ireland. Last Wednesday I received figures for the shops at 6pm for the previous weeks trade.Youghal has consistantly turned over a good trade operataing at about 15-20% profit over the years but I found last week it was down a further 35% on the week before and 60% on last year.

I have a Business Development Manager in place who would look after some of my shops in that area, but I was so annoyed I phoned the manager up at 8pm and asked what was going on. Bluntly he said "Boss, you have no idea how bad it is down here - All the foreign workers are away and 2 Hotels in the town have closed and every second shop on the main street is closed". I spoke candidly to him but when I got off the phone I was convinced I was been done. I told the Wife I would be leaving at 6am for Youghal and I would not be there for the Kids.

Its a good 5 hour drive down to youghal, know the road well. Stopped outside Naas for some Breakfast. Got to Youghal just after 11 and pulled up in the Tesco Park which was empty. Usually Its impossible to park in Youghal but it was I'd say 1/5 full.

Went then to have a walk about and Came accross the hotel at the top of the Town. Big Under Administration notice in the window. As I walked down the town fair enough - Every second shop was closed with To Let signs. Last year these would have been open. Stopped off in the Hotel on the Main street for a Sandwish and to speak to the locals. No one about. Asked for a Sandwich & some Tea and they said they didn't do food anymore. Its a Hotel FFS. I was the only one in the place and managed to talk to the owner who told me he was in trouble himself.

I was looking to hit my own shop at about 2pm as that is when it would be busy. I had a look at 2 of my other competitors and in the first it had 2 customers in it and then 3 customers in the second competitor. When I got to my own it had 2 in it. On a day where I would have expected 20 min.

On the way back I went to Middleton. Same again. Bloody hell - I have never seen such a downturn. I am scared to even use the word depression as it does not even do it justice.
 


ballot stuffer

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Were this many businesses and hotels in this town sustainable?
 

ballot stuffer

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My own business has been in the family for 25 years, Has survived until this week. Will be closing the door now. No option.
Sorry to hear that. Its tough out there at the moment but there are glimmers of recovery on the horizon.
 

Iarmhi Gael

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May 2, 2007
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I am okay - But I have to lay off staff and is cheaper keeping the shops closed. Myself and my competitors would meet alot and everyone in my industry is in the same boat. We have lobbied government in relation to our industry taxes, but our hands are tied. Wages and taxes are killing us.

Just for the record.

The worst I have found.

Letterkenny - Down 84% from 2006
Youghal - Down 60%
Clonmel - Down 57%
 

DeathKnell

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My own business has been in the family for 25 years, Has survived until this week. Will be closing the door now. No option.
Sorry to hear that Iarmhi. Will this be permanent, or can you revive if and when the upturn comes? Are you laying many off?

Good luck.
DeathKnell
 

Iarmhi Gael

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Sorry to hear that Iarmhi. Will this be permanent, or can you revive if and when the upturn comes? Are you laying many off?

Good luck.
DeathKnell
I am fortunate that I can reopen when there is an upturnn in the economy. At present I already closed some outlets who were costing us, but I am finding that the ones which have always been good - even in the 80's are now not performing and will have to close or sell on. I will have laid off 57 staff in total.

I don't really want this to be about my business, but I was shocked when I walked down Youghal last week.
 

Oriel27

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Apr 25, 2008
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Sorry to hear about your losses sir, i guess you and you family worked really hard for what you had, it must make ye mad that the government is useless to help.

I havent got the any figures, but Monaghan town seems to have taken an awful hit.
Lots of shops closed, a about 10 pubs are going to close so i have been told.

Closeness to the border has been a disaster for monaghan town. The stirling for a while there was useless.
SO many food and furniture factories have closed, becuase of the border.

There are so many people on the dole in monaghan, but what is so ironic about the whole thing, not one penny of the dole money is put back into the local economy. It is spend across the border.
SO effectively this part of the republic is like a big black hole, there is no escape from the downward cycle.
 

DeathKnell

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I am fortunate that I can reopen when there is an upturnn in the economy. At present I already closed some outlets who were costing us, but I am finding that the ones which have always been good - even in the 80's are now not performing and will have to close or sell on. I will have laid off 57 staff in total.

I don't really want this to be about my business, but I was shocked when I walked down Youghal last week.
Edenderry.. I used to do some business there and owned a property there. Sold it in 2005. I pulled off the motorway last week and took a detour as I had not been back in 3 years. I was shocked by:
1) The amount of development that had taken place since late 2005.
2) How quiet the whole place was.

I cannot give you figures unfortunately. It was the easter sunday so not a typical day. But Id imagine its been hammered.
 

selfemployedmar

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Mar 2, 2009
Messages
171
Youghal for me.

I own my own Business and have various outlets throughout Ireland. Last Wednesday I received figures for the shops at 6pm for the previous weeks trade.Youghal has consistantly turned over a good trade operataing at about 15-20% profit over the years but I found last week it was down a further 35% on the week before and 60% on last year.

I have a Business Development Manager in place who would look after some of my shops in that area, but I was so annoyed I phoned the manager up at 8pm and asked what was going on. Bluntly he said "Boss, you have no idea how bad it is down here - All the foreign workers are away and 2 Hotels in the town have closed and every second shop on the main street is closed". I spoke candidly to him but when I got off the phone I was convinced I was been done. I told the Wife I would be leaving at 6am for Youghal and I would not be there for the Kids.

Its a good 5 hour drive down to youghal, know the road well. Stopped outside Naas for some Breakfast. Got to Youghal just after 11 and pulled up in the Tesco Park which was empty. Usually Its impossible to park in Youghal but it was I'd say 1/5 full.

Went then to have a walk about and Came accross the hotel at the top of the Town. Big Under Administration notice in the window. As I walked down the town fair enough - Every second shop was closed with To Let signs. Last year these would have been open. Stopped off in the Hotel on the Main street for a Sandwish and to speak to the locals. No one about. Asked for a Sandwich & some Tea and they said they didn't do food anymore. Its a Hotel FFS. I was the only one in the place and managed to talk to the owner who told me he was in trouble himself.

I was looking to hit my own shop at about 2pm as that is when it would be busy. I had a look at 2 of my other competitors and in the first it had 2 customers in it and then 3 customers in the second competitor. When I got to my own it had 2 in it. On a day where I would have expected 20 min.

On the way back I went to Middleton. Same again. Bloody hell - I have never seen such a downturn. I am scared to even use the word depression as it does not even do it justice.
I live in border area, try a visit to those towns, unreal....Hardly a factory left occupied, few indigenious business's struggling..thats the height of it.They are ready to go under too..Went to a few sandwich bars, empty, unable to pay rates to continue, food going off
 

misterX

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Apr 14, 2009
Messages
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Sorry to hear that. Its tough out there at the moment but there are glimmers of recovery on the horizon.
It is tough and going to get tougher. That's a fact, even the gombeens in Government know that.

The only glimmer I see on the horizon is the possibility of FF getting out of power. Once they're out, a complete cleanout/cost reduction can be started.
 

selfemployedmar

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Mar 2, 2009
Messages
171
I am okay - But I have to lay off staff and is cheaper keeping the shops closed. Myself and my competitors would meet alot and everyone in my industry is in the same boat. We have lobbied government in relation to our industry taxes, but our hands are tied. Wages and taxes are killing us.

Just for the record.

The worst I have found.

Letterkenny - Down 84% from 2006
Youghal - Down 60%
Clonmel - Down 57%
I have posted many a thread here " Try self employed. How are you surviving the recession"
Killing is right, rates, no reform in these areas for small companies at all, most cant even pay their revenue bill and they never defaulted before, huge numbers being referred to Sheriff,, and they still cant pay.. Vicious circle.
Such anger out there on the Public sector strikes,,there will be revolt yet
 

Oriel27

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Messages
286
Sorry to hear that. Its tough out there at the moment but there are glimmers of recovery on the horizon.
I dont get this at all. How can you say there are glimmer of hopes on the horizon?
were is your proof?, a tiny bit of evidence please?
oh you say it in the SINDO yesterday...... sure everyone knows they make up stories to sell papers..
 

councillor

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May 27, 2004
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as business people, did ye not have concerns about the direction we were going in over the past 10 years?

youghal doesnt have a single manufacturing job in the town! did ye really think that we could continue to depend on construction?

where were our chambers of commerce when they were needed to put pressure on govt to halt our slide in competitiveness?
 

seabhcan

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Sep 3, 2007
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14,228
as business people, did ye not have concerns about the direction we were going in over the past 10 years?

Youghal doesnt have a single manufacturing job in the town! Did ye really think that we could continue to depend on construction?

Where were our chambers of commerce when they were needed to put pressure on govt to halt our slide in competitiveness?
+1

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atlantic

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Jan 25, 2008
Messages
649
Do you have to close all your outlets?
My own business has been in the family for 25 years, Has survived until this week. Will be closing the door now. No option.
 

atlantic

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Jan 25, 2008
Messages
649
Sorry to hear about that ,I closed my two outlets in Mid 2007,it was an ancillary to the building trade.Back in mid 2006 you could feel the writing was on the wall.It steamrolled faster than I thought it would, and had a more widespread effect into all industry.
No ones in North are okay, about half the ones in the south will be closed
 

ballot stuffer

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May 21, 2007
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I dont get this at all. How can you say there are glimmer of hopes on the horizon?
were is your proof?, a tiny bit of evidence please?
oh you say it in the SINDO yesterday...... sure everyone knows they make up stories to sell papers..
The macro end of things in the USA is showing some signs of life. This is where all the problems started. Just watch the big investment banks. They are reporting profits for the fist time since this crisis began.
This might seem light years away from our own woes but this is where you will see the first signs of recovery. For once it appears that the light at the end of tunnel might not be an oncoming train.
Hopefully it's the start of a recovery.
 

Benz

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Jul 14, 2008
Messages
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The macro end of things in the USA is showing some signs of life. This is where all the problems started. Just watch the big investment banks. They are reporting profits for the fist time since this crisis began.
This might seem light years away from our own woes but this is where you will see the first signs of recovery. For once it appears that the light at the end of tunnel might not be an oncoming train.
Hopefully it's the start of a recovery.
You may well be right on that point, but somehow I'd doubt it. The Western world has spent all the family silver. We'll be very lucky if we actually recover from that.

I genuinely believe that the period that we have just gone through will be regarded as a "golden era" of riches by future generations.

Even if Ireland does recover the likes of Youghal will definitely not return to the economic standards of the past. Outside of tourism, what else is there to support towns like this? We won't see another construction boom for 2 generations! And we're all [still] paid far too well by International standards to start manufacturing stuff.

Don't get me wrong I wish it was otherwise. I have friends living in Youghal and it's a beautiful place.
 


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