![Sixteen Years and What Do You Get? | by J Mark Dodds [a shadow of my future self]](http://live.staticflickr.com/6106/6237801980_caf03e3369.jpg)
Sixteen Years and What Do You Get?
Two decades older and deeper in debt.
And, by the way, REALLY sorry for any inconvenience...
The pub closed due to an unsustainable rent review. After three years' through courts and 'industry expert' hands and arbitration rent went up in 2008 from £54K to £65K against the rise to £96K that S&NPC were after, saying they believed the pub 'could comfortably afford that increase' if it were managed by 'a reasonably competent operator'. The wisdom of the Arbitrator led to ONLY a 20% increase as the world went into financial meltdown and left us owing the pubco an immediately payable bill for back rent and legal fees of £165K.
This whole shambles is typical of what is rolling out against pubs all over the UK as Pub Companies raise rents and beer prices so they can pay off gargantuan debts they raised against their 'assets and future income' (£billions) in acts act of Private Equity greed identical to banks' disgraceful behaviour. Here's CAMRA's video about the big pubcos and the beer tie which leads to pub closures all over the UK: bit.ly/RWoBQu
Now under www.ltpubmanagement.com/
The antidote to conventional pub company nonsense is The People's Pub Partnership:
Sixteen Years and What Do You Get?
Two decades older and deeper in debt.
And, by the way, REALLY sorry for any inconvenience...
The pub closed due to an unsustainable rent review. After three years' through courts and 'industry expert' hands and arbitration rent went up in 2008 from £54K to £65K against the rise to £96K that S&NPC were after, saying they believed the pub 'could comfortably afford that increase' if it were managed by 'a reasonably competent operator'. The wisdom of the Arbitrator led to ONLY a 20% increase as the world went into financial meltdown and left us owing the pubco an immediately payable bill for back rent and legal fees of £165K.
This whole shambles is typical of what is rolling out against pubs all over the UK as Pub Companies raise rents and beer prices so they can pay off gargantuan debts they raised against their 'assets and future income' (£billions) in acts act of Private Equity greed identical to banks' disgraceful behaviour. Here's CAMRA's video about the big pubcos and the beer tie which leads to pub closures all over the UK: bit.ly/RWoBQu
Now under www.ltpubmanagement.com/
The antidote to conventional pub company nonsense is The People's Pub Partnership: