Slough, Windsor & Maidenhead

Campaign for Real Ale

Campaign for Real Ale

North Star Community Pub Share Offer

Sunday 22 July 2018

Share Offer Summary You are invited to invest in a community enterprise, established to secure the future of our Public House, the North Star, Maidenhead.

The North Star is a public house located on Westborough Road, just off the A4, in the residential suburb of Boyn Hill in Maidenhead, and has been listed as an Asset of Community Value. In January 2018, the owners of the pub announced their intention to sell the pub, triggering a six-month period for the community to raise the funds instead.

We are aiming to raise £312,000 through community investment (with a maximum subscription of £350,000) to purchase the North Star, and to run it successfully. We need to achieve a minimum of £280,000 in investment to deliver our business plan with some minor revisions.

The minimum investment is £250 per investor, with a maximum investment up to 10% of the total shares per individual investor. The offer opens on 16th July 2018 and runs for 42 days, closing on 27th August 2018, or when the maximum target is reached, whichever is sooner.

Organisations who wish to support the North Star are welcome to invest in the same way, although the management committee has agreed to increase the maximum to £100,000 for Big Society Capital, using funds from its Crowdfunder match fund.

The management committee reserve the right to extend the offer for a further 3 weeks beyond this initial period if they believe doing so would benefit the share issue. The Share Offer can be downloaded here North Star Community Pub Share Offer Prospectus and our business plan can be downloaded from http://savethestar.co.uk

This offer is being promoted by the North Star Society Ltd, 91 Westborough Road, Maidenhead, SL6 4AP a Community Benefit Society registered with the Financial Conduct Authority (Registration No. 7788) This offer is not covered by the Financial Services Compensation Scheme and investors have no recourse to an ombudsman. You could lose some or all of the money you invest.