Plymouth social club closes after £20,000 theft
A Plymouth social club which has been running since 1901 has been forced to close after nearly £20,000 went missing from a safe.
Police are investigating the theft of the money from the Saltram Club, in St Judes, sometime before 26 November.
The money was part of the club's Christmas savings club fund.
Gilbert Lemon, from the insolvency and recovery firm Begbies Traynor, said people who had paid into the fund should eventually get their money back.
Mr Gilbert said the club was in a "serious financial situation" after having a "significant amount" of money stolen.
But he said that if it had remained open the situation would have been worse and the not-for-profit organisation was eventually hoping to reopen.
"This will give the club the chance to keep going," he added.
A spokesperson for Devon and Cornwall Police said the force was waiting for the club to provide details of an internal financial audit before it continued its investigation.