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
Virtual Bradford will ‘clone’ the city to create navigable online world
Work is underway on an ambitious project to virtually ‘clone’ Bradford city centre, as a ‘Digital twin’ will open the door to a 3D world with virtually endless possibilities.
Canal River Trust secures funding to create waterway roles for young people
The support will create dozens of opportunities in heritage repair and construction and waterways management, funded by the Department for Work and Pensions.
2021 Building Conservation Directory published
The 2021 edition of the Building Conservation Directory, also available online, has been published. Find skilled trades specialising in work to historic and traditional buildings.
BT dials up ‘Adopt a Kiosk’ scheme
BT has revealed that almost 4,000 of its iconic red phone boxes across the UK are available for local communities to adopt for just £1.
Watch IHBC’s webinar on ‘Retrofit of Traditional Buildings’
On 26 March the IHBC, led by Prof. John Edwards, hosted a free one-hour CPD webinar ‘Introduction to Building Survey for Retrofit’ for sector professionals.
Has the world left Europe behind?
Greg Clark, writing an opinion piece for RICS, explores how good governance in cities pays dividends.
AHF on ‘Transforming Places through Heritage’
The Architectural Heritage Fund has issued a report on the first year of its ‘Transforming Places Through Heritage’ grants programme, funded by DCMS.
‘Star Cities’, Marvels of Renaissance Engineering
Europe’s star cities are scattered all over Europe but their perfect geometrical beauty can only be fully admired when seen from above.
COTAC Releases Insight 1 series – The Need to Appreciate the Built Heritage
The freely available Insight 1 series targets a wide range of cohorts who wish to gain an appreciation of practical heritage conservation.
Palace of Westminster ‘deteriorating faster than it can be fixed’
The restoration and renewal of the Palace of Westminster is of ‘paramount importance’ according to the recent strategic review.