Post meeting and payments

Around 50 people attended Tuesday’s meeting at the Brook Inn to hear details of the purchase.

Villagers were told about the negotiations and agreed price, building survey – available via info@backthebrook.co.uk – accountants, lawyers, bank account and the formation of Back the Brook Ltd registered with HMRC (details of which can be found om previous postings).

The meeting was told that Punch Taverns would not change the £290,000 price tag despite the survey highlighting a number of non-structural issues with the building. Local building firms put the cost of repairs at between £10,000 and £15,000 although it was acknowledged that a number of the problems were not serious and due to poor maintenance over the past 10-15 years.

As of 08/04/2014, £337,000 has been pledged by 64 households – still £63,000 short of the £400,000 target. The committee urged a renewed effort to turn interest into pledges and then funding.

As the purchase process continues, the meeting was told the new venture would be run by up to seven directors, four of whom had already been proposed. Volunteers were asked to come forward. The committee also stated that a search for a landlord had begun post-purchase and that all applications would be considered.

As well as directors and a landlord, the pub will also need volunteers to help renovate the pub after taking ownership. All skills would be appreciated from general building work to plumbing, decorating to admin help and financial to interior design. No skills turned away!

Perhaps the most important element of the meeting was an explanation on how to pay pledges. People should print out the ‘share offer application form’ in the DOCUMENTS section of this website, read it and then fill it in. The completed form and cheque made payable to ‘Back the Brook Ltd’ can either be sent to the registered office – Back the Brook Ltd, Huntley House, The Street, Copdock, Ipswich IP8 3HT – or to our solicitor – Back the Brook Ltd, c/o Mr Toby Kramers, Ellisons, Headgate Court, Head Street, Colchester CO1 1NP.

If you prefer to send a BACS payment, the details are also in the DOCUMENTS section under ‘Bank details for BACS transfer’ but please, do include your name in the reference section so we know who made the payment.

The committee