Search
The Caterer

Historic Hoops Inn in Devon continues to trade after going into administration

31 January 2013 by
Historic Hoops Inn in Devon continues to trade after going into administration

The historic, 13th century Hoops Inn, near Clovelly in Devon, has gone into administration following the failure of a creditors voluntary arrangement (CVA).

Financial advisors Duff & Phelps was appointed as the supervisor of the CVA for Madiran Limited, the parent company of the thatched, Grade II, 13-bedroom Hoops Inn in April 2012. The business was suffering trading difficulties and looking for a significant cash injection to meet its financial obligations.

Stephen Clancy of Duff & Phelps, said that an extensive strategic and operational review of the company was now being undertaken. "We will continue to trade the business in the short term before a proposed marketing campaign is commenced later in the year. We have also engaged hotel specialists, Convivial, to assist in trading matters."

Said to be once the meeting place of Sir Francis Drake, Sir Walter Raleigh and Sir Richard Grenville, Hoops Inn was originally marketed for sale in 2006 for £2.25m.

Thatched country inn and hotel in Devon for sale >>

By Janet Hamer
E-mail your comments to Janet Harmer here.

Tabletalk
Tabletalk
If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

Looking for a new job? Find your next job here with Catererandhotelkeeper.com jobs

Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-Newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
Â
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.