For Sale - Glebe Quarry, Ancaster
Glebe Quarry works the historic Ancaster Hard White and Ancaster Weatherbed stones which have been quarried over centuries and used in many historic buildings and churches in the East Midlands in addition to other beds suitable for quality masonry.
Details from
Glebe Stone Sales Ltd, 13 Main Street, Upton, Newark, Nottinghamshire NG23 5ST
or by telephone 01636 812535.
GLEBE STONE SALES LTD
The Shareholders in Glebe Stone Sales Ltd. {GSS} have resolved to dispose of their shares in the Company and offer them for sale.
Prospective purchasers are invited to submit offers on or before noon on
31st December 2024 to the Company’s offices at 13 Main Street, Upton, Newark, Notts. NG23 5ST. Interested parties can obtain further particulars by application by email to smithterrence4118@gmail.com or by telephone at 01636 812535.
GSS quarries the historic Ancaster Hard White, Ancaster Weatherbed and Ancaster Freestone dimension stone at Glebe Quarry, Ancaster under a lease held from The Lincoln Diocesan Trust with a term ending December 2041. Royalties payable and other details can be obtained from the address shown below. The lease has no unduly onerous terms within it. Extraction is subject to planning conditions which are not onerous, and which are due to review as an old mineral planning permission in June 2025.
GSS has no outstanding debt, financial obligations or Hire Purchase commitments.
Offers are invited on the basis of the information shown on the schedule and list of items of plant owned by GSS referred to above. Please note that the reserves stated are the opinion of the Directors. The Directors will answer any question of fact.
A short list of prospective purchasers will have the opportunity to carry out due diligence during a period ending 30th January 2025 when offers will become contractual. The Directors have not included in their assessment of stone reserves a bed of stone below the Ancaster Freestone, which has been named the Ancaster Base Bed, which is known to be present but has not been offered for sale hereto because it has been impracticable to extract it. Nevertheless, production is imminent and a strong interest has already been shown. Indications are that this stone extends to some 4-5 metres in depth.
ENQUIRIES AND/OR OFFERS WILL BE TREATED WITH THE STRICTEST CONFIDENTIALITY
