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York pub wound up owing £60K – but owners confident it can rise again as a thriving business

@ in Business, Food & drink

The Clifton Hotel on Water Lane, York. Photograph © Google Street View

A large York pub and hotel business has gone into liquidation owing more than £60,000.

But the operating group which owns the landmark building says it is planning to reopen it after a refurbishment.

The company that ran the Clifton Hotel, on Water Lane, appointed liquidators on November 7. A statement of the affairs of The Clifton Hotel (York) Limited revealed the extent of its debt.

It owes £25,000 in VAT, £8,000 to City of York Council and £10,000 to energy company Npower. There are 16 creditors in all, including the six company directors who are each owed £2,500.

The winding up order comes a year after the pub was taken over by new management. The pub had a large function room and ran popular karaoke nights and Sunday lunches.

New year, new plans

Another view of the pub
Another view of the pub

The Clifton Hotel is owned by pub group Punch Partnerships Ltd. Punch told YorkMix they have positive plans for its future.

A spokesperson for Punch said:

As owners of the Clifton Hotel, we are confident that the site can be transformed into a thriving business.

We are currently developing plans to invest in the hotel and should be in a position to announce more details in the new year.