Cladding Consultants had their proposals to rescue Stone Firms' Portland limestone business accepted at a creditors meeting on 10 December. Cladding Consultants own most of the assets of Stone Firms, one of two companies on Portland that quarry the island's famous limestone. Stone Firms went into Administration in September. Last month, Cladding Consultants re-opened the Easton Road factory that Stone Firms had been moving into when Administrators were appointed and Director Geoff Smith is now confident he will also be able to resume quarrying in the New Year when equipment taken away from the quarries by the Administrators from KPMG is returned. However, Neil Fuller, Director of Stone Firms, says there are 10,000m3 of stone already extracted on the floors of Stone Firms' three quarries that will be sold off in the New Year at half their normal price to generate cash flow.
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