The Ivy House seems to be going great. I was very impressed with what they have achieved so far and it struck me as a model co-operative business.

"The Honor Oak" is just the name of the pub (or was) and is I think sufficiently far away from the "Old Bank" for both to succeed as either co-op or private ventures. In either case it is surely required that the site is for sale for a co-op to take it on - much more likely with the Honor Oak currently.