16th century inn bought out of administration
A 16TH century inn with two restaurants has been sold out of administration.
The White Horse Farm Inn in Pickering was sold by Begbies Traynor and property agents Barry Crux & Co off an asking price of £695,000.
Located at Rosedale Abbey in the North Yorkshire Moors, the inn features 11 en suite bedrooms, two restaurants with 46 covers and lounge bars as well as staff accommodation.
Administrators Rob Sadler and Dave Broadbent of Begbies Traynor in York were appointed as joint administrators on 3 May 2016.
The property and business has been sold to Phil Haxby, Nigel Haxby and Peter Scholey whose other business interests include Doncaster-based Wilfreda Luxury Coaches Limited.
Harrowells Solicitors in York acted for the joint administrators.
Joint administrator Rob Sadler commented: “We are pleased to see such a positive outcome – not only has the sale secured the jobs of the remaining nine staff, it has also provided the best possible return for creditors.
“It is good to see this historic inn which enjoys an idyllic location, continuing to serve locals and visitors to the area and we are confident that the purchasers will be able to re-establish it as a thriving business.”
