Masonry company seeks help on bail out
In August 2016, the Stone Specialist reported that the conservation contractor William Anelay, which recently featured on the BBC2 Hairy Builders programme, had announced it was having cash-flow problems in its masonry company and was asking creditors to help bail it out by accepting just a proportion of their debts under a company voluntary arrangement.
The Stone Specialist wrote:
William Anelay, headed by an eighth generation member of the Anelay family (Charles), has always laid claim to being the oldest, continuously trading stonemasonry business in the country, with a provenance dating back to 1747.
But its masonry company is now a separate legal entity from William Anelay, having become a limited liability partnership involving Jonathan Hunter of Traditional Masonry in Yorkshire and moved away from William Anelay's York premises. It is now at a one-acre site in Crigglestone, West Yorkshire, where it trades as Anelay Traditional Masonry.
Charles Anelay says: ‘While only a few projects outside our usual sphere have been involved, the values were significant and this has harmed our business performance and cash flow. They are now finished, save one, where completion is imminent, and another, which has been brought under control. But unfortunately we are now unable to pay suppliers.’
‘We have a fresh approach, have returned to our core operations and have a strong order book for the next 12 months and beyond.’
‘We appreciate that the need for a CVA will be a great disappointment to sub contractors and suppliers who have supported us for many years but this is the best way to make a maximum and prompt return to creditors and we are totally committed to making it a success. Of course, it can work only if our customers are prepared to support the proposal as well.’
‘With our bank’s support and a successful completion of the proposed debt restructuring, we aim to continue in our current form and are committed to completing schemes under contract.’
 Related articles on Designing Buildings Wiki
- Limited liability partnership.
- Sub contractors.
- IHBC articles.
- Institute of Historic Building Conservation.
 External references
Featured articles and news
The branch explores ‘Heritage in Law’ in its 2017 Conference, supported by Historic England which takes place in Bristol on 9 June with reduced rates for IHBC members.
Including the recommendation that ‘the current measure of % of A-listed buildings on the Buildings at Risk Register is replaced with % of pre-1919 dwellings classified as having disrepair to critical elements.’
Originally the ‘Newsletter’ of the predecessor organisation, the ACO, Context is today the historic environment practitioner’s best source for accessible expertise in contemporary conservation.
Director’s top pick this week features a call from Greenham Parish Council for a Project Manager to lead on the refurbishment of the iconic control tower of the former Greenham Common airfield.
The Mount Pleasant Neighbourhood Forum has submitted the Order as the group intends to provide 40 more affordable homes than the Royal Mail scheme that has already been granted permission.
The HLF is changing the way it funds places of worship as From September 2017, the current Grants for Places of Worship programme will close to new applications.
Locality, the link group for community-led neighbourhood organisations, seeks to uncover what is needed to reinvigorate local democracy and empower communities.
£250 million scheme to build a three-tower housing complex on the edge of Liverpool’s business district has secured approval.