Frequently Asked Questions
Below are answers to the most common queries about our share offer. For more information, please refer to our Community Share Offer document.
What happens if the minimum share target isn’t reached?
If we haven’t raised the minimum amount of £500k by 12th December, we can choose to extend the share offer if we believe this will mean we can realistically achieve the target. If we do this, the extension will end by no later than 28th February 2026. Any money received during that time will be held in the Society’s bank account, and if the purchase of the Kings Head doesn’t go ahead for any reason, we’ll return all monies to our investors, less any professional fees we have incurred.
What happens if the business fails?
We believe we have robust Business Plan which has been independently reviewed, so we are confident the pub will be successful. But if the worst were to happen and the pub fails, all of the business’ assets (including the buildings) would be sold. The money from this would be used to pay any creditors and the remaining funds would be divided between the shareholders up to the original value of your shares. That means you could get back the full amount of your original investment, or you might lose part or all it. If there are any funds left after paying the creditors and shareholders, then this money would be given to another organisation that can use them for the benefit of the community. For anyone that is not certain about investing, we would always recommend you seek independent financial advice.
How and when can I withdraw my shares?
We hope you will consider keeping your shares for the long-term as an investment in your community. However, you can withdraw your shares after the third year of trading has finished, by submitting a request to the Society with three months’ notice in writing. Withdrawals have to be funded from the pub’s profits or new share capital, and the Management Committee can refuse a request if it would endanger the existence of the business. There are full details of our withdrawal policy in our Society Rules.
What if a shareowner dies?
You can nominate who you want to transfer your shares to if you die by completing the Nomination of Shares on Death form, subject to a £5000 limit. If you own more shares than this, then they will be dealt with according to your will. Full details of what happens to your shares in the event of your death is provide in the Community Share Offer document.
Can I donate if I don’t want to invest in shares?
Yes, absolutely. If you’d prefer not to become a member or invest in shares but will want to contribute financially, then please contact us. Please note, donations are not eligible for Gift Aid.