York-based conservation specialist William Anelay fell into administration owing at least £12.6m to unsecured creditors.
William Aneley was half-way through the restoration of the grade I listed Bradford City Hall
More than 132 staff at William Anelay, which had traded since 1747, lost their jobs in September after efforts to rescue the business by securing a deal with creditors failed.
It has also emerged that rival restoration specialist Szerelmey had considered saving the £38m turnover business but stepped back from a deal at the 11th hour.
In the end Szerelmey bought the assets and work in progress of four associated companies from administrator Begbies Traynor for a minimum of £400,000.
The final payment will depend on collecting work in progress and retentions and determine any distribution to creditors.
The assets now form part of newly-named business Heritage Building & Conservation controlled by Szerelmey.
Of the sum, £11.8m was owed to trade creditors and almost £300,000 to HM Revenue & Customs.
Big trade creditors
- Aviva Insurance £1.4m
- HCC International Insurance Co £787,000
- Quartzelec 785,000
- Yorvik Electrical Contractors £400,000
- C-Tact Construction £421,000
- Carlton Plasterers £286,000
- K2 Aluminium Systems £200,000
- J&M Construction (UK) £195,000
- Brandon Hire £172,000