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Managers buy out York restorer

NEWS

ONE of the UK's oldest property restoration and conservation specialists has been bought by its management team.

York-based William Anelay has been owned by the Anelay family since its formation in 1747 but has now been acquired by its five-strong management team. The company employs 120 staff and specialises in the repairs and restoration of abbeys, churches, stately homes, historic industrial premises and arboretums.

Charles Anelay, an eighth generation grandson of one of the founders, Thomas Anelay, and a director in the new management team, said: 'This is the end of an era for the family but the start of an exciting new one for the company.

'It makes perfect sense in the context of our development plans and for the markets in which we now operate.'