However, his bid to renew the lease was rejected by Stonegate, which operates 4,800 pubs and is registered in the Cayman Islands, who will take back ownership on 19th September.
Assistant manager Patrick told the Echo: “They decided to take the pub back because it was profitable. Andy took it on and put it back on the map.
“All the staff are keeping their jobs but Andy has decided he won’t take on any other pub because he couldn’t put this much effort into a new place, it took about five years for it to become profitable.
“He’s hoping everything will be alright for us. He built this place for the community here and it’s been really appreciated during this time.”
Responding to the news on Twitter, Walthamstow MP Stella Creasy said she was “gutted” the pub was being turned over.
She added: “When you have a successful bar, a cynic would wonder why a [company] would change that.”
When contacted for comment, a spokesperson for Stonegate Group said: “The incumbent tenant’s lease comes to an end in September, the business will then be moving across to our managed estate.
“We would like to thank our pub partners for all their hard work and dedication over the years.
“There will be a period of closure while we invest in the pub and we aim to reopen as soon as possible.”
No news is bad news
Independent news outlets like ours – reporting for the community without rich backers – are under threat of closure, turning British towns into news deserts.
The audiences they serve know less, understand less, and can do less.
If our coverage has helped you understand our community a little bit better, please consider supporting us with a monthly, yearly or one-off donation.
Choose the news. Don’t lose the news.
Monthly direct debit
Annual direct debit
£5 per month supporters get a digital copy of each month’s paper before anyone else, £10 per month supporters get a digital copy of each month’s paper before anyone else and a print copy posted to them each month. £50 annual supporters get a digital copy of each month's paper before anyone else.
Our newspaper and website are made possible by the support of readers and by displaying online advertisements to our visitors. Please consider helping us to continue to bring you news by disabling your ad blocker or supporting us with a small regular payment.
Add Comment