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    • #11299
      Peter Hyde
      Member

      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

    • #15033
      Carolyn Whitlock
      Participant

      ‘Tis sad, indeed, Peter. Thanks for sharing this information with us.

    • #15034
      Peter Hyde
      Member

      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.

    • #15032

      Taylors will survive as a working bellfoundry. The following message was distributed by request on several bell-related mail lists recently:

      John Taylor & Co
      Bellfounders
      Loughborough

      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
      and
      John Taylor & Co

      The Bellfoundry
      Freehold Street
      Loughborough
      Leics
      LE11 1AR

      Telephone: 01509 212241
      Fax: 01509 263305
      Web: http://www.taylorbells.co.uk
      Email office@taylorbells.co.uk

      Friday 16th October 2009

    • #15031
      Peter Hyde
      Member

      Well done Carl!

      Been out of touch deep in the Forest. Great news.

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