Story So Far
You may well be interested in what's been going on since the doors were barred at the KW4.
Below is the potted summary in a glass...
Easter 2019 Fundraising Update
Consultations: We are nearing the completion of the current phase of supporter meetings and are pleased to report encouraging progress and interest in the project.
Good Progress: Easter was set as the target at which we would gauge progress and critically and fairly assess the viability of a village purchase. The feedback from our individual meetings and the resultant number of expressions of interest returned is encouraging and confirms our efforts should continue.
Communication: Through the mixture of the website, message boards, leafleting, word of mouth and via the village shop we believe we have ensured that practically all local residents have been made aware of our activity, the purchase proposal and have been provided means to discuss the situation, should they wish. Please continue to spread the word and to encourage friends and family to get in touch to allow all members of the community to be updated.
One-to-One meetings: Members of the group have completed many explanatory meetings with a significant proportion of registered supporters and interested individuals and listened to much feedback. Encouragingly a good proportion of those who have heard details of the proposal first-hand have then submitted their expressions of interest (EOIs) providing financial support for a purchase. The levels of individual contributions remain confidential to the Chairman of the group and our Treasurer.
The last phase of consultations has now commenced.
If you are yet to have been invited to meet and would like to be, then please contact us.
If you have already ‘enjoyed’ a meeting and are still considering submission of an EOI then we would respectfully encourage you to do so as soon as possible– your support, in whatever size, can truly make a difference.
Fund Raising Targets: The size of the total fund (reflected in the EOI’s), which is shared with us by the Treasurer, is encouraging. However we have not yet achieved our target level so further support is welcome from as many people as possible.
Immediate Next Steps:
The consultation and meeting process remains ongoing.
Encouraging returns of as many EOIs as possible by Easter – we wish to make as accurate an assessment of prospective fund raising as we can.
After Easter, the progress assessment will be completed and plans developed
Further updates will follow
Last Orders at the Bar!
Since Boxing Day 2015 the doors have been closed and the pub ceased trading.
In the lead up to its closure the pub had been stagnating. Reasons are manifold, but it deteriorated from a vibrant & welcoming dining, drinking & meeting venue to becoming a chilly, soulless and unwelcoming shell
Since then the interest group have been on the case with the prime aim of having it re-open as a pub, but to also anticipate and prepare to resist any moves to change the buildings use.
The door remains locked.
Any Chance of a Pint?
The Art of the Possible
In addition to familiarising ourselves with the planning situation to address any risk of a prospective change of use, the group embarked upon making a comprehensive assessment of the viability of the KW4 as a pub.
The detailed research covered comprehensive assessments of pub valuations (local and nationwide) & real estate, numerous consultations with pub managers, management companies and brewers and the compilation of a series of informed & credible business models covering from basic ('lights on') up to major ('marquee destination pub') trading scenarios.
It's eminently doable!
Give us a shot
Based on the research, evolving market conditions and the premises size and prestige location, the group have made a series of credible, substantiated and well thought out offers for the purchase of the freehold of the property.
All offers were either left to expire or rejected. Each offer, while lower than the asking price, was founded upon:
Our detailed research;
Condition of the building;
Confidence levels in the securing of community funding;
Long term & sustainable viability as a functioning pub.
The 'Best and Final' Offer expired (though was later confirmed as formally rejected after the deadline) in September 2018,
The group remain active and continue to explore ways to resurrect the King Bill.
Friends of the King William
If you're interested in the situation, would like to help or offer a different perspective then we'd welcome your input.
The overriding consensus of the group, regardless of any nuances of individual motivation, is to preserve the King William IV as a pub for this uniquely special village of Speen.
What has become abundantly clear over the course of the efforts, research and discussions of the past three years is that there are numerous ideas as to what could be done and as to how the KW4 could be used to keep our pub at the heart of the community.
An energetic and creative community such as ours will surely have countless more thoughts and ideas.
Please do get in touch!