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Historic pub enters administration 12 February 2014

A 17th century Devon pub has been entered administration, resulting in all 13 staff being made redundant.

The Dartmoor Inn at Lydford became insolvent on 20 January as a result of “difficult trading conditions affecting rural pubs.”

Although all staff had been made redundant, the Dartmoor Inn continues to trade under a separate management company.

Ian Walker and Chris Norman or Begbies Traynor were appointed joint administrators to the business.

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 Dartmoor Inn is expected to fetch in excess of £325,000.

The Dartmoor Inn is the latest UK pub to enter insolvency, with approximately 20 sites closing per week.

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