Date Published: 12th February 2014
A historic 17th century Devon pub, which is popular with locals and holidaymakers alike, has been placed into company administration.
The Dartmoor Inn at Lydford, near Tavistock, entered administration on 20 January 2014 due to the difficult trading conditions affecting rural pubs.
Begbies Traynor partner Ian Walker and director Chris Norman, who are business recovery and insolvency specialists based in the firm’s Exeter office, have been appointed joint administrators.
Mr Walker said: “The pub will continue to trade as normal during the administration period but will be put on the market as a going concern. We anticipate that it will continue to be an important feature of the local economy attracting tourists to the area, and we are working with current managers to ensure the business’s future viability.”
The pub, which is expected to fetch in excess of £325,000, is renowned for its high quality meals and offers a limited amount of accommodation.
All of The Dartmoor Inn’s 13 staff were made redundant on appointment, however the pub continues to trade under a separate management company.
Interested parties are invited to contact Mr Peter Luff of property agents Edward Symmons on 01392 880180.
Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.
Julie is a member of the Insolvency Practitioners Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.