Job advert published

A job advert was published in the jobs section of the EADT and Evening Star today and the company’s Jobs24 website seeking a manager for the ‘new’ Brook Inn.

If anybody wants to apply or knows someone who might fit the bill, please do follow it up:

Exciting new free house near Ipswich seeks dynamic and experienced manager to run food-led pub. Must be community-minded, have food experience and ready to ‘roll your sleeves’ up . The successful candidate will work with a small group of directors. Attractive salary, accommodation and car parking available in a village setting.

Please apply with CV and letter to Back the Brook Ltd, Huntley House, The Street, Copdock IP8 3HT or email: info@backthebrook.co.uk

Sale proceeding

We received Heads of Terms from Punch’s agents this week which is subject to contract and approval by the firm’s board (which I’m told is a formality).

An email this week to pledgers has realised around £18,000 which is due to be paid in in the coming days but still to hear from some of those who have previously indicated they will invest. One or two have said they won’t be honouring their pledges but fortunately they are in a minority.

We can’t urge people enough to fulfill their pledges – we based our offer on them so to pull out now creates a headache. Fortunately other investors are coming forward but we still need to get as close to the £400,000 target as possible to enact some of our medium and long-term plans.

The committee

Solicitors instructed

The current total for the Back the Brook fund stands at £320,000 in the bank. However, we still have nearly £40,000 in pledges still outstanding – money we have factored in to our plans.

The committee would urge all those who have pledged funds over the past 12 months or so to please fill out the Share Offer Application Form found in the ‘documents’ section of the home page and make arrangements to transfer the money. As they say in the famous grocer up the road…’every little helps’.

On the basis that a majority or all of the pledged money will find its way into the Back the Brook bank account, the committee has decided to instruct our solicitor at Ellisons in Colchester to proceed with the purchase arrangements.

We will keep you informed as events unfold.

The committee

Purchase update – fund passes £300,000 mark

Just a quick update on how things are progressing. To date we have
received payments of £310,000 – money deposited in the bank.
Well over half of the original pledges have been fulfilled including
most of the bigger ones. A number of investments have been bigger than
the original pledge and new investors have also come forward. We have
no reason to think that most of the remaining pledges will not be met.

We do need this to happen as we require to stock the pub and we need
to upgrade the building. How quickly we can do this will depend on
this further investment.
Ideally we would like to get as close to the £400,000 target as
possible but realistically the committee believes in the short and
medium term we need to reach around the £340,000 mark before we
instruct our lawyer to proceed with the purchase – so for that to
happen we need the outstanding pledges.
Once contracts have been exchanged we will issue the share
certificates to the investors, take action on recruiting a manager and
proceed with all the various operational issues. We would welcome any
suggestions regarding contacts and skills which will help us in these
tasks.
As before, all the information is on the website
www.backthebrook.co.uk with the relevant documents located in the
‘documents’ section of the Home page, in between Contact and Links,
underneath the photo of the pub.