Calvin Woodings
                discovered the foundation stone from the original Courtaulds
                Research Operation building, where the first ever man-made
                fabric was produced, lying forgotten at the company's old
                building in Lockhurst Lane.
                Confederated Builders -
                a consortium of Deeley Properties and Cromwell Developments,
                part of the Benfield Group - have now placed the stone in the
                reception area of Tower Court - the new name for the refurbished
                Courtauld's headquarters
                Mr Woodings, who worked
                for Courtaulds up until 1998, revealed that the historic find
                was part of an interesting coincidence.
                He said:
                
                  "It's great that
                  the foundation stone will be returned to its original home on
                  the Foleshill Road - it marks an important era in Coventry's
                  history.
                  "Finding the
                  stone came about purely through a conversation over the garden
                  fence with Peter Deeley who, by chance, mentioned that they
                  were looking for something to commemorate the history of what
                  is now Tower Court.
                  "By coincidence I
                  had been an employee at Courtaulds for over 35 years and knew
                  there was a foundation stone which had been moved from the
                  site. I had a feeling
                  it would have been taken to the Lockhurst Lane site, and
                  fortunately I was right.
                
                Mr Woodings and Martin
                Curtin of Deeleys donned hard hats to search for the stone and
                found it in the Lockhurst Lane basement as expected.
                Deeley Properties'
                chairman Peter Deeley hopes the foundation stone will remind
                people of the significance of the site.
                He said:
                
                  "It was purely by
                  chance that we actually came across the original stone but we
                  are very pleased that we did.
                  "It serves as a
                  reminder of what Coventry has done in the realms of
                  manufacturing and science and nothing could be more fitting
                  than putting it back where it came from."
                
                Confederated Builders is
                behind the £6 million transformation of Tower Court from a
                derelict industrial building and now Mr Deeley believes it has a
                stirring monument.
                The building, including
                the famous clock tower, has undergone a £6 million
                refurbishment by Confederated Builders which has transformed it
                into a state-of-the-art business complex which will create
                around 300 jobs.
                Business services group
                Capita has two floors while a separately managed business centre
                with 20 serviced office suites for new and growing companies has
                proved highly successful.
                The focal point of the
                building is an impressive glass frontage while the famous
                Courtaulds' clock has been made to chime again.
                Simon Brearley, who
                started work at the Foleshill Road site and is now Operations
                Director for Acordis Cellulosic Fibres, performed the official
                ceremony.