BusinessBusiness RecoveryPwC helps revive West Brom arts centre

PwC helps revive West Brom arts centre

Joint administrators find way forward for arts project

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.’

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

6d Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

6d Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

4w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor