Deloitte / Waterford Crystal Insolvency Case Study PDF Print E-mail

David Carson of Deloitte, was appointed Receiver and Manager of Waterford Crystal Limited (In Receivership) on 5 January 2009.  The assets of the company included a site located in Dungarvan, Co. Waterford.  The site extends to 15 acres with over 15,000sq meters of manufacturing and administrative buildings.  Initially, the site was protected by manned guards.  A Netwatch Managed Services solution was implemented in March 2010.

“Our experience with Netwatch has been positive.  The installation of their monitoring equipment was handled in an efficient and timely manner.  Netwatch handled all aspects of the installation, including broadband and power requirements” says Lorcan O’Connor. Director, Deloitte Restructuring Services.

“The system we choose was the Managed Services offering from Netwatch as this suited our needs best.  Significant cost savings were achieved compared to using manned guards.  Our insurance provider had no issue with the transfer to Netwatch. We pay one all-inclusive daily fee, with an upfront installation fee."

“Netwatch has detected all attempted intrusions onto the site and have successfully managed the situation in each case.  When such attempts are made, I get an incident report with footage sent to me by 8am the following morning” added Lorcan O’Connor

“I have been impressed by the level of customer service within Netwatch and particularly the details provided to me when there has been an attempted intrusion, nuisance or anti-social behavior at the site. The Netwatch system has been effective in securing the assets on the site. I would therefore have no hesitation in recommending the Netwatch system” concluded Lorcan O’Connor.

 

 
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