Target Express owner says his company were catching up with payments

The owner of Target Express says his company fell behind on its payments to Revenue, but they were catching up fast.

Last night, the haulage company, who sponsors the Tyrone gaelic football team, confirmed that it is to cease trading, with the loss of almost 400 jobs, after the Revenue Commissioners froze the company's bank accounts.

Speaking this morning, owner Seamus McBrien said his company had paid one million euro in the last few weeks and was on the road to repaying the remaining 300-thousand, by the end of September.

Mr. McBrien claims the company proposed a deal which would see it pay 175 thousand euro off the bill yesterday, so the attachment on the account could be lifted - but the deal was rejected by Revenue: