Work on building an arts visitor attraction in West Bromwich will resume soon
after administrators from PricewaterhouseCoopers helped develop a solution with
the project’s funders.
The Public Limited and its subsidiary The Public Building Limited – tasked
with completing the project – went into administration in March 2006 with Ian
Oakley-Smith and Rob Hunt of PwC appointed joint administrators.
This week, the administrators announced that a solution to resume the project
had been agreed with the project’s funders – the Arts Council of England,
Advantage West Midlands (AWM) and the Government Office West Midlands (GOWM)
The new building will include an interactive art gallery, events space and
education and learning centre supplemented by more commercial uses including a
restaurant and office accommodation.
Ian Oakley-Smith, joint administrator, said, said: ‘We are pleased that a way
forward for the Public Building has now been agreed. I would like to applaud the
contractors, suppliers and employees, who have remained patient during a longer
break in construction than any of us would have liked. Hopefully this impressive
building can now be completed without further significant delay.’
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children