Four businesses associated with heritage construction company William Anelay, which went under this month, have been bought by the Szerelmey Group.
The London-based Szerelmey Group has taken a controlling interest in four businesses: Lowery Roofing, Hare and Ransome Joinery, Anelay Building & Conservation North East and Anelay Building & Conservation North West.
The first three businesses are based in York, while Anelay Building & Conservation North West is located in Irlam, Greater Manchester.
Earlier this month William Anelay went into administration after failing to strike a deal with its creditors to save the business.
It came after the £37m-turnover businesses offered a company voluntary arrangement (CVA) that would see it pay creditors a percentage of every pound owed.
William Anelay employs 190 staff and has worked on projects including Lambeth Palace and Wilton’s Music Hall, London.
William Anelay’s four associated companies were not affected by the CVA and could continue trading.
A total of 50 staff will be affected by the acquisition and Szerelmey hopes the purchase will allow the businesses to continue with current projects and new projects totalling £12m over the next 12 months.
Over the past three years, the Szerelmey Group has relaunched three new companies.
Chichester Stoneworks, Szerelmey Conservation and Heritage Building & Conservation were all launched by Szerelmey Group after Chichester-based Cathedral Works Organisation and Fairhurst Ward Abbotts went bust in 2014 and 2015 respectively.
The £50m-turnover Szerelmey Group, is one of London’s oldest restoration companies, founded in 1855 by Austrian army officer Nicholas Charles Szerelmey.
Charles Anelay, the eighth generation of the founding family of William Anelay, said: “This acquisition removes all the uncertainty and brings fresh stability to these businesses by securing jobs with traditional craft skills and providing continuity for our clients.
“As such, it is very good news for our staff, good news for York and our region, and the North-west, and good news for the heritage restoration sector.”