Popped in last night as Stefan is quietly selling off his bottled stock.
It's true that Fullers have bankrupted him as they did Nigel and Chris before and caused quite a lot of financial harm to others who were able to escape. Stefan had fought long and hard for a rent reduction. What he got instead was a makeover and no movement on the rent. Some of the makeover was due to having used the wrong type of mortar when repairing the ceiling in the left hand bar, so that had to be redone. The rest just meant the pub was either shut or part closed whilst the rent was still expected to be paid. Having no funds left, Stefan cannot buy beer or pay rent and is waiting for Fullers to evict him at which point he'll be officially homeless and can seek help with new accommodation. I do wish they'd sell up and get out of Hertford. Won't get anywhere near their valuation though. I think they have it on their books at something approaching 4 times what the Black Horse went for. Fantasy, although that's why they charge such huge rents, to satisfy the yield required on their valuation.