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’s 2019 ‘Yearbook’ Now Released "Extending the Reach of the IHBC"
The IHBC’s Yearbook for 2019 includes regular IHBC reviews, updates and listings, from IHBC’s HESPR listing to our Recognised Conservation Courses and member directory.
IHBC 2019 Marsh Awards now out: at the IHBC’s 2019 School, Nottingham 4 – 6 July
The judges are delighted to confer the 2019 IHBC Marsh Awards for Successful Learning in Heritage Skills and Community Contribution (Retired Member).
Rail stations in line for £300 million funding boost to improve disabled access
Disabled rail passengers across Britain will benefit from better access at stations and newly accessible stations will open up routes across the country.
A historical take on the future of Notre Dame, from IHBC’s former Membership Secretary
The IHBC asked former Membership Secretary Paul Butler for a take on some critical and historical issues around the modern response to Notre Dame.
CPRE’s State of Brownfield 2019 report: Enough land for more than 1M homes
CPRE shows there is enough suitable brownfield land available in England for more than 1 million homes across over 18,000 sites and over 26,000 hectares.
BBC on ‘The grief that comes from lost buildings’
BBC News has reported on how, across the world, destruction of cultural attractions causes a specific sort of communal grief.
Enter the Brick Awards 2019: Closing 31 May
The Brick Development Association (BDA) has highlighted the opportunity to compete at the industry’s highest level and be recognised by top-tier trade and national press.
STBA-SPAB Conference – 11 June 2019, London
The 2019 STBA-SPAB Conference & Expo will look at the current situation of regulations and initiatives, as well as the skills training that enable our built environment to include a wealth of healthy buildings with heritage and aesthetic value.
Historic buildings on fire – Fisons Victorian factory near Ipswich destroyed
The former Fisons warehouse in Bramford, near Ipswich, was the victim on another fire affecting our heritage. Listed Grade II and dating back to 1858 the building was destroyed by a fire thought to be arson.
Highways England pours £4 million into canal restoration scheme
A mile-long stretch of canal in Gloucestershire that disappeared more than half a century ago is closer to being restored, thanks to £4 million of funding from Highways England.
Westminster: Legislative plans for Olympics-style body to oversee restoration works
MPs vote on proposals for Houses of Parliament refurbishment, as the restoration and renewal of the Palace of Westminster reaches a major milestone.
Ever wondered ‘How Venice Works’, with 124 Islands, 183 Canals & 438 Bridges
Open Culture has featured the Venice Backstage exploration of Venice and how, when the tourists leave the city, 60,000 year-round residents stay behind.