The Cap in Hand pub, off the Ace of Spades roundabout, has been bought by an Isle of Man-registered company linked to pub acquisitions around London.

The JD Wetherspoon pub, formerly the Southborough Arms, is due to close on August 28.

Wetherspoon spokesman Eddie Gershon said: "We can confirm that The Cap in Hand has been sold, with the deal completing on September 4.

"The pub has been sold to Mendoza Limited. The Cap in Hand will remain open until a week before the completion date.

"All staff working at the pub will be relocated to nearby Wetherspoon pubs.

"We appreciate that the pub customers will be disappointed, however Wetherspoon has made a commercial decision to sell the pub.

"We would like to thank them for their loyal custom since the pub opened in 1998."

Mendoza has overseen a number of pub acquisitions, including some closures, across the capital in recent years. Two8Six in Lewisham and The Peacock in Battersea have closed.

Dennis Murphy, landlord of The Sovereign in Camden, was forced to bow out in June 2013 after Mendoza raised his rent from £22,700 to £50,000, having bought the pub the previous summer, according to the Irish Post.

The Sovereign is still operating as a pub. Mendoza also bought The Bacchus in Hoxton, which is no longer operated by its original tenants, the Evening Standard reported in February.

The company, incorporated in 2009, has also bought the Duke of Wellington in Spitalfields.

Campaigners there believe the firm has "no intention" of maintaining it as a pub after redevelopment, the Standard reported.

Twenty First Architecture Ltd, which is working with Mendoza on the Duke of Wellington scheme, is understood to be handling the Cap in Hand project. Workers there could not be reached for comment.

The Comet has attempted to contact Mendoza through its corporate agent, Andco Corporate Services, also registered in the Isle of Man.