Bradford Cathedral free of ‘terrible mess’
Posted: 31 Jan 2008 @ 00:00
BRADFORD Cathedral is no longer in debt, and is in effect freed from bankruptcy, the Dean, the Very Revd Dr David Ison, was able to announce on Tuesday. The Cathedral has been in difficulties since the failure of the Life Force Exhibition in 2001, a project that had received a grant of £2.1 million from the Millennium Commission. Total debts were about £4 million.
Creditors agreed in August 2004 to a Company Voluntary Arrangement (CVA), under which they would all receive a small ...
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