The Great British Pubco Scam. Pubs are closing all over Britain yet pubs are places that most people love and think fondly of as some of the most significant, treasured, iconic parts of our culture, places to be cherished, nurtured and looked after. Yet they're closing everywhere... WHY? It doesn't make sense does it? Read on... A bit about me. And a bit about them. And some photographs...
Wednesday, April 24, 2013
None of this is complicated -
None of this is complicated - pubs are closing all over the UK because the 'spirit' of the beer tie has been roundly abused by pubco's and unscrupulous family brewers so much that it has become nothing less than a legally binding mechanism for the extraction of the maximum possible amount of cash out of their pub Lessees' businesses. This is done by applying shamefully high rents and wholesale supply prices that are double what's available on the open market - and fining tenants punitively if they buy out of tie, or evicting them if they stand up for their basic human rights while trying to keep their business afloat during the worst economic conditions in pub history.
The clear signs of the failure of the 'Tied Pub Business Model' is that all over Britain pubco owned pubs are being run by temporary lessees working for 'holding companies' on peppercorn rents or are being flogged off for alternative use as private housing, Tesco Locals, McDonalds or betting shops.
As their pubs rot into the ground because Lessees have no money to reinvest in their businesses, the pubco's continue to show hundreds of millions in profit after they've paid ever spiralling debts.
The Great British Pubco Scam is what it is, nothing more nor less. Pubco's have been asset stripping our heritage and cultural tradition.
We need a Fair Deal For Our Locals! #FairDeal4YourLocal
Must come back to this; got to go to parliament right now.
None of this is complicated - pubs are closing all over the UK because the 'spirit' of the beer tie has been roundly abused by pubco's and unscrupulous family brewers so much that it has become nothing less than a legally binding mechanism for the extraction of the maximum possible amount of cash out of their pub Lessees' businesses.This is done by charging shamefully high rents for run down property the lessees cannot afford to renovate and wholesale supply prices that are double what's available on the open market - and fining tenants punitively if they buy out of tie, or evicting them if they stand up for their basic human rights while trying to keep their business afloat during the worst economic conditions in pub history.The clear signs of the failure of the 'Tied Pub Business Model' is that all over Britain pubco owned pubs are being run by temporary lessees working for 'holding companies' on peppercorn rents or are being flogged off for alternative use as private housing, Tesco Locals, McDonalds or Bookies.As pubco owned pubs rot into the ground because Lessees have no money to reinvest in their businesses, the pubco's continue to turn in hundreds of millions in profit every year even after they've paid ever spiralling debts.The Great British Pubco Scam is what it is, nothing more nor less. Pubco's have been asset stripping our heritage and cultural tradition for decades and this has been noted at FOUR select committee inquiries.We need a Fair Deal For Our Locals! #FairDeal4YourLocal
Read more: http://www.thesun.co.uk/sol/homepage/news/money/4899216/Ministers-declare-war-on-powerful-rip-off-pub-giants.html#ixzz2ROnFeL2W
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