Liberation Group vows to keep the island's restaurants and pubs the same after buyout

PUB-GOERS have been reassured that some of their favourite establishments will not change, despite being under new ownership.

Bricklayer Peter Broome, 69, a former Guernsey resident who now lives in New Zealand, said he was pleased to hear that his favourite pub, the Ship & Crown, would not be changing after The Liberation Group struck a deal with Sealyham Investments Ltd/Lapwing Trading to buy the establishment and several other bars and restaurants. (Picture by Peter Frankland, 1330536)
Bricklayer Peter Broome, 69, a former Guernsey resident who now lives in New Zealand, said he was pleased to hear that his favourite pub, the Ship & Crown, would not be changing after The Liberation Group struck a deal with Sealyham Investments Ltd/Lapwing Trading to buy the establishment and several other bars and restaurants. (Picture by Peter Frankland, 1330536)

PUB-GOERS have been reassured that some of their favourite establishments will not change, despite being under new ownership.

The Liberation Group revealed yesterday that it had bought several pubs and restaurants after it struck a deal with Sealyham Investments Ltd/Lapwing Trading for an undisclosed sum.

It has now acquired the Ship & Crown, the Crow’s Nest Restaurant and the Auberge at Jerbourg, all of which are managed sites, plus two tenanted businesses – the Happy Landings and Captain’s Hotel.

Liberation Group CEO Mark Crowther said all managers and staff would be retained.

‘We wanted to acquire these sites because of their quality, they are all successful pubs in their own right and we have no plans to make any changes to the operations,’ he said.

Comments for: "Liberation Group vows to keep the island's restaurants and pubs the same after buyout"

PLP

This is good news.

markB

Lets hope they still serve good old traditional British pub grub, like Chicken Tikka Masala, Thai green curry, pasta, meza and more!!

Oh Dear

Chicken Tikka Masala has been named as the most popular dish in Britain. There are claims it was invented in Edinburgh, Newcastle or Birmingham. One in seven curries ordered in the UK is a Chicken Tikka Masala. So it is in fact quite a British dish.

Steve

Lets hope they don't keep the Crows Nest the same

Lets hope they make it better

Island Wide Voting

SPOT THE DIFFERENCE

1. Last week a multi-million exchange of ownership of St Pierre Park Hotel

2.This week a multi-million exchange of ownership of the Ship& Crown, The Crow's Nest, Auberge, Happy Landings and Captain's Hotel

3. Next Tuesday my cousin attends Court to purchase a little ‘doer-upper’ cottage for £300,000

The difference of course is that the States will trouser £9,000 of my cousin’s hard earned in Document Duty while the multi-million deals will have been carried out with no such bothersome add-ons ( quite legally and quite sensibly) via share transfer

Share transfers can be looked upon as the Guernsey equivalent of the UK’s problem with Google, Starbucks and McDonalds taking good advantage of the relevant laws

I seem to recall that Mr Parkinson of the previous States had promised to look into it but it’s probably languishing in someone’s too-hard-to-do tray

Meanwhile back at the school swimming pools …..

Blondie

Excellent point you have raised. My colleague bought an open market property via share transfer for £1.4m. I don't know what the Document Duty would be on £1.4m but I'm guessing a hefty amount of lost income for the States.

Island Wide Voting

Blondie

That would be a handy little 42K at the current 3% duty

I find it very odd that our Alderney friends have had to pay document duty on share transfers for years so perhaps Phil is correct about vested interests in high places?

http://www.propertyworld.com/agents/bellandco/guide.html

A pity in this modern age that Bell & Co are 'bigging up' Alderney's tax haven status but the document duty bit can be found further down under 'Stamp Duty'

Phil

IWV

As long as many deputies benefit from this situation then don't expect any changes.

Where are you Gavin??????

Island Wide Voting

Phil

Found this earlier today re share transfers

Perhaps digits ARE being removed quietly in back offices at last ?

http://www.mondaq.com/x/155426/Property+Real+Estate+Tax/Budget+2012+Share+Transfer+Duty+Proposals+To+Close+Loophole