A Unique Opportunity to Invest in our Local Pub
As you will be aware, the period during which we as a community had an exclusive opportunity to bid for the Queens Head expired on 1st February.
The not for profit community benefit society constructed to enable the Parish to take advantage of that opportunity has not attracted the level of investment we needed but we, as a community, have not given up and there are a number of critical reasons why we must continue to fight for this vital community asset:
- The Queens Head represents the very heart of the village of Tebworth
- Closure will threaten social cohesion of the community
- Closure will increase the negative impact of rural isolation in the parish.
- It is estimated that house prices are likely to fall by between 3% and 5% with the loss of the pub.
Consequently, it is proposed that a conventional limited liability company be formed with the intention of purchasing the Queens Head by raising around £200,000 from those interested in making a straightforward commercial investment through unlimited share purchase. This investment would be underpinned by the value of the asset plus there would not be any restrictions on dividends or trading of the shares that applied to the Community Benefit Society. This is an exciting opportunity for all to invest in the future of the Queens Head.
We will be having a meeting on 28th February 7.30 pm at the Memorial Hall for those who positively support this exciting venture and may wish to invest.
At the meeting we will highlight how the Queens Head can move forward and answer any questions you may have regarding this alternative investment vehicle. An opportunity will be given for confidential pledges to be made at this meeting
Questions and contributions from the floor will be welcome but to enable us to have the relevant information there for you, it is important where possible that you give us prior notice of your questions so please send details in advance to Roger Masters, 2 The Lane, Tebworth or e-mail firstname.lastname@example.org
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