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.’
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
- Conservation.
- Contractor.
- Builders.
- Masonry.
- Limited liability partnership.
- Sub contractors.
- IHBC articles.
- Institute of Historic Building Conservation.
[edit] External references
IHBC NewsBlog
IHBC Marsh Awards 2022 launched - Submissions Close 31 March
A chance to nominate retired IHBC members and/or successful learners in heritage skills, with prizes that include £500 and a free place at the IHBC’s Aberdeen 2022 Annual School in June.
IHBC-SAHGB announce 2021 annual research award winner
Donald Insall Associates has been announced as the winner of the new joint award with the Society of Architectural Historians of Great Britain (SAHGB). The award celebrates the quality of architectural-historical research produced as private consultants or for public bodies etc.
IHBC at COP26 - Conserving our Places Conserves our Planet 1-12 Nov 2021
The IHBC seeks to raise awareness and understanding of how building conservation philosophy and practice contributes towards meeting the challenge of climate change.
IHBC's latest CONTEXT explores 'Conservation Leadership by the People'
From Amenity Societies and Wentworth Woodhouse to Kurt Schwitters, Scotland’s Towns, Chester and more...
Edinburgh’s Royal High School to become ‘£55M national centre for music’
The former Royal High School building in Edinburgh is to be transformed into a £55 million national centre for music after the City of Edinburgh Council agreed to the lease of the historic property.
IHBC, CIfA, IEMA launch Principles of Cultural Heritage Impact Assessment
The joint-institute document aims to help maintain cultural heritage by providing a consistent framework across different sectors & geographies
Enter Now to Win: IHBC's GASA Awards 2021
IHBC’s Gus Astley Student Awards 2021: Win £500 and a place on IHBC’s 2022 Aberdeen School with your built environment/heritage coursework, closes 31/07!
Former Harris meat factory mansion in Calne, Wilts, to be restored
The last remaining buildings on the site of the Harris meat factory family’s historic mansion are being restored to their former glory and converted into new homes.
CICV Forum introduces professional indemnity insurance guide
The Construction Industry Coronavirus Forum (CICV Forum) has unveiled a new guide to the crucial and increasingly complex issue of professional indemnity insurance (PII).
The World Heritage Committee(WHC): Liverpool should lose its World Heritage status.
ICOMOS has advised that the new football stadium proposal, if implemented, would have a completely unacceptable major adverse impact its authenticity and integrity.