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Half Moon & Spread Eagle

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What is the Future of Our Pub?

Dear All, 

 

What is the Future of Our Pub?  

 

On Friday 15 November there was a well attended gathering in the Northbrook Hall to hear how things were working out regarding the future of the pub. There was a short presentation that gave a little history, a view of the current status and how things are progressing for the future.

 

The key elements are as follows:

  1. The owners are considering all options for exiting although the most likely option is a broader share of ownership within the current asset owning company.

  2. The evolving concept is 4 or 5 investors from within the village become significant shareholders.

  3. The owners are keen that the community should also become a significant shareholder to endorse the sense of ownership within the village and commitment to the continuance of the pub.

The community shareholding will be in the form of a company in which individuals can buy shares. This company will own a stake in the asset - the pub building and site and would then be represented as a board member in the asset holding company.

 

A number of key questions were asked during the meeting about the structure of the company, these are being explored and we will report back once the facts have been established.

 

The two current owners are progressing with their plans, once they have decided upon the most suitable option for the future of the pub we will be in a position to share that information with you and move forward with our community share plan.

 

The intention is to keep you as well informed as possible via email. If you have not received an email on this subject already, please reply to: HMSEMicheldever@gmail.com and we will ensure you are added to the mail list.

 

Regards

 

Rupert Greatrix

HMSE Community Team

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