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Administration puts Goddard Arms in Swindon at risk
ONE of Swindon’s most historic hotels faces possible closure after its owner was placed in administration.
The Goddard Arms in Old Town remains open but the Bramwell Pub Company announced on Thursday that it was calling in the administrators following cash flow problems due to tough trading conditions.
The company purchased the 16th century building in 2009 and gave it a £2m makeover.
The doors currently remain open and the management have not heard any news telling them otherwise.
A spokesperson for the pub said: “All we know is the company is in administration but apart from that we are open as normal.”
Zolpho Cooper has been appointed administrator for the company which owns 185 managed pubs across the country, employing an estimated 3,300 staff.
Some of the sites across the country closed their doors immediately while their long-term future is decided.
The administrators are looking for people to come forward with offers for any or all of the pubs while it is believed another pub company, Stonegate, are in advanced talks to buy 80 of the top performing venues belonging to Bramwell.
Peter Saville, partner at Zolfo Cooper, said: “We will continue to trade the business while exploring all possible options for its future including a sale of the business and would like to thank the staff for their continued support and professionalism during this process.
“We would invite parties wishing to make an expression of interest in certain sites to contact Zolfo Cooper on 020 7332 5225 or email@example.com.”
The Goddard Arms has been a key feature in Old Town for 300 years making it one of the oldest pubs in Swindon, along with The Bell and The Steam Railway.
It has had troubles in the past when it closed in 2007 before re-opening when it was bought by the Bramwell Pub Company, which was known as the Barracuda Group at the time.
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