Pub operator Woodward & Falconer has sold one of its two remaining pubs to Paddock Inns – three years after the original iteration of the pub company sold four sites to Hydes Brewery.
The Celtic Arms in Northop Country Park, near Mold, was sold in an off market deal, brokered by Fleurets, off an asking price of £2m.
Paddocks Inns is headed up by Nathan Jordan and Jose Lourence, who currently operate the Plough Inn at Eaton in Congleton, Cheshire.
“The Celtic Arms is a perfect fit for our business as we feel that there is an opportunity to maintain the existing trade yet at the same time, develop the function and wedding trade by bringing what we have learnt at the Plough,” said the pair.
Woodward & Falconer was founded by Jeremy Woodward and Duncan Falconer, who now retain an interest in only one site – The Egerton Arms in Broxton, Cheshire.
The sale to Hydes Brewery in 2015 included The Goshawk and The Stamford Bridge near Chester, The Boathouse in Neston and The Golden Lion near Wrexham.
Following the sale to Hydes, Woodward & Falconer Property Ltd was established in April 2015, with both Falconer serving as company director and Woodward as chairman. The company also appointed Wayne Barlow as operations director in April 2018. Woodward & Falconer Pubs Co was dissolved last year.
Commenting on the sale to Paddock Inns, Woodward said: “We are very proud of what we have created and we are pleased that Nathan and Jose will bring their energy and vision to the next chapter for the Celtic Arms.”