We are delighted to confirm that we are getting close to the completion on the purchase of The Three Horseshoes. Throughout the summer we spent a lot of time on the detail of the transaction to ensure that there was a clear and mutual understanding between us and the vendors before handing over to the lawyers, ensuring professional fees were kept to a minimum. We are excited to share that we are now actively looking for a tenant to join our community venture.
All shareholder capital is safely stored in the CBS bank account pending the purchase of the pub. All expenses up to now, including the cost of the professional valuation, the structural survey and the creation of the website, have been covered by Plunkett bursaries. The total of share capital and donations now stands at £284,497 and our latest news is that we have met all the conditions and received final confirmation of the Plunkett Foundation and Cooperative Finance grant and loan package for £100,000.
IT’S NOT TOO LATE TO APPLY FOR SHARES!
Although a total of £384,497 will comfortably finance the purchase, new share holders are always welcome. Additional share funds will minimise any loan finance we may need for pub refurbishment and broaden ownership. Please note that minimum share ownership is £100 and application forms can still be downloaded from this website or email firstname.lastname@example.org for more details.
Please spread the word to family, friends and colleagues who may still want to apply!