On 18 September 2009, the company went into administration."Bell foundry faces administration", BBC Leicestershire, 19 September 2009. Retrieved on 21 September 2009 Mazars, which had previously been acting as advisors to the company during attempts to secure extra funding, were appointed administrators.Largest bell foundry in administration—Mazars plans to sell business as going concern , Accountancy Magazine, 21 September 2009. Retrieved 21 September 2009. On 2 October 2009, it was reported that the administrators were "optimistic about its future.""Hopes high for bell foundry bid", BBC Leicestershire, 2 October 2009. Retrieved on 16 October 2009. On 15 October 2009, in a statement released by UK Bell Foundries Ltd, a consortium of ringers, members of the bell industry and other investors, it was stated that the foundry would reopen on 19 October, reverting to the previous name of John Taylor & Co.John Taylor & Co Bellfounders Loughborough—We are open for business! (archive.org), Dove's Guide for Church Bell Ringers, 15 October 2009. Retrieved on 20 October 2009."Historic foundry's future secure", BBC News, 17 October 2009. Retrieved on 20 October 2009. Paul Taylor's widow, Mrs Merle Taylor, was honorary president of the new company until her death.
