Taylors of Loughborough, England
October 13, 2009 at 3:39 pm #11299
This statement was issued on 18 September 2009
On September 18th 2009 Taylors Eayre and Smith went into Administration. See below for full statement.
Simon Chandler and Steven Wood of the Nottingham office of international accountancy firm Mazars have been appointed Joint Administrators of Loughborough-based Taylors Eayre & Smith Limited (TE&S), the largest bell foundry in the world.
Established in 1784, the business has been operating at its current site, the Taylor Bell Foundry, since 1840. The company, which has 26 employees, manufactures and installs a range of bells including church bells and hand bells. The largest bell in Britain, the “Great Paul” of St. Paul’s Cathedral in London, was cast at the foundry in 1881.
In recent months the company has experienced financial difficulties due to cash flow problems following a reduction in turnover, combined with a necessary increase in expenditure on the trading premises and redundancy payments.
Simon Chandler said: “Taylors is very well known nationally and internationally within the sector and has a first class reputation. We are expecting there to be significant interest in the possibilities of acquiring the business.”
Jill Clarke, speaking on behalf of the directors and shareholders, said: “We are deeply saddened to have gone into administration today. Advice was initially taken from Mazars in August but despite the best efforts of all concerned to secure extra investment, it has not been possible to keep the company alive. The directors and employees, some of whom have worked here for 30 years, are hopeful that the business can continue and are cooperating fully with the administrator.”
The Administrators intend to sell the business as a going concern and any parties who are interested in entering into discussions with the Administrators should contact Mazars on 0121 212 4579 before 5pm on Friday 25th September 2009.
Now shall I make an offer?
One way of adding a few more to my collection.
Seriously though, this is sad, but a sign of the times
October 14, 2009 at 4:44 am #15033Carolyn WhitlockParticipant
‘Tis sad, indeed, Peter. Thanks for sharing this information with us.
October 14, 2009 at 5:01 am #15034
I spoke to my friend at Whitechapel yesterday about a plinth. Did not discuss Taylors. This will leave Whitechapel as the last survivor among the great British bell foundries. It will be interesting to find out if they take over any part of the Taylor business. Will report further.
October 20, 2009 at 3:56 am #15032Carl Scott ZimmermanParticipant
Taylors will survive as a working bellfoundry. The following message was distributed by request on several bell-related mail lists recently:
John Taylor & Co
We are open for business!
We are pleased to announce that as from Monday 19th October 2009 we
shall recommence trading in our historic name from our premises in
Freehold Street, Loughborough, Leics.
John Taylor & Co is committed to offering the highest standards of
bell and iron founding and engineering excellence associated with the
names Taylor and Loughborough around the world for 150 years.
We are delighted to have saved the Museum and important records at
Loughborough which we intend to see placed in a Charitable Heritage
Trust and developed as part of the national archive which it intended
to be accessible to all.
A consortium of well known ringers, senior members of the bell
industry and investors has been formed as UK Bellfoundries Ltd. and
has been successful in its bid for the former operating entity at
Loughborough. We are also delighted to announce that Mrs Merle Taylor
has agreed to be President of the company.
We are looking forward to continuing working with the other members of
the trade as well as individual churches.
We would like to thank all those who have given us their support in
recent months – it has been greatly appreciated.
Andrew WR Wilby
On behalf of the Directors of
UK Bellfoundries Ltd
John Taylor & Co
Friday 16th October 2009
October 20, 2009 at 7:38 am #15031
Well done Carl!
Been out of touch deep in the Forest. Great news.
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