A statement from Punch Taverns said: "With the Honor Oak currently being closed for trade, we are aware that there may be some concern regarding the future of the pub. We can re-assure the community that we see the pub very much part of the long term future of Punch Taverns and we are planning a £350,000 investment and refurbishment beginning in January with a gala reopening in mid March."

After closing in May, The Honor Oak was the subject of a campaign by the Forest Hill Society to turn the business into a co-operative pub. The co-operative would have required Punch Taverns to consult the group on any sale, giving the community the option to take over the pub before it could be sold to another buyer.