The historic Lord Crewe Arms Hotel in Blanchland, traded by J&G Inns Limited which entered administration on 14 November 2011, was handed back to the landlord on Tuesday 31 January 2012.
The joint administrators Andrew Haslam and Gillian Sayburn of Begbies Traynor in Newcastle upon Tyne had traded the loss-making hotel for the last two months while an extensive marketing exercise was undertaken.
Mr Haslam commented: "Unfortunately, with the hotel continuing to lose money and no offers to continue to trade the business acceptable to the landlord, the only option was to close the hotel and hand the property back to the landlord.
“It is sad to see such a historic inn close its doors with the loss of a further eight jobs, but we are hopeful that the landlord may still find a way of securing a future for it.”
Set in a rural location, The Lord Crewe Arms was formerly part of the Abbey of Blanchland and is one of the oldest hostelries in the country, with the building dating back over 800 years.
A Chartered Certified Accountant and Licensed Insolvency Practitioner, Gillian has been involved in business rescue recovery and insolvency since 1999. She began her career with KPMG before joining Begbies Traynor’s head office in Manchester, moving to the Begbies Traynor Nottingham office in 2004 before returning to her native northeast to join the newly opened Newcastle office at the end of 2008.
Gillian was involved in the opening of a further northeast office in Teesside in 2010 and now spends her time between the two offices.
She is also an ACCA Northern Counties Panel member.