London's Oldest Restaurant, Rules, Is Gifted to the National Trust to Protect It for Generations
The building that has housed Rules in Covent Garden since 1798 has been donated, with its historic collection, to the National Trust in a gift worth more than £11m. It can never be sold, and the restaurant will keep trading as the Trust's tenant.
CultureGNGV Editorial Team4 min readLast reviewed October 26, 2026

Since 1798, diners have been sitting down at Rules in Covent Garden, the restaurant founded as an oyster house by Thomas Rule and widely described as London's oldest. In mid-October 2026, its future was secured in a remarkable way: the building at 34–35 Maiden Lane has been donated to the conservation charity the National Trust in a gift valued at more than £11 million.
The donor, J-P Mayhew, has owned the building for around 40 years and has transferred the freehold to the Trust. According to the Museums Association, the gift makes the building inalienable, which means it can never be sold or otherwise disposed of. It also includes the restaurant's historic collection of visitor books, menus, caricatures, photographs, stained glass and signs, along with the annual rental income, which will go towards the Trust's conservation work.
The restaurant itself is not going anywhere. Ricky McMenemy, its current proprietor, who has worked at Rules for 35 years, will continue to run it as an independent business, becoming a commercial tenant of the National Trust. "As an independent business, it gives us both the security and peace of mind," McMenemy said, adding, according to IanVisits, that "we look forward to another two centuries in this, our home."
The gift also closes a circle that began more than half a century ago. In 1971, when the Greater London Council proposed turning the Strand into a dual carriageway, the poet John Betjeman defended Rules, arguing that such a place "acquires an invisible atmosphere just as a church frequented by praying people acquires an atmosphere." Mayhew has said: "My gift to the National Trust is in answer to that appeal." The restaurant still honours Betjeman with a room named after him.
Hilary McGrady, director-general of the National Trust, described Rules as "an outstanding piece of living history" and said the gift ensures it has a future "measured not in years but generations." It is a reminder that heritage is not only grand houses and monuments: it can also mean a working dining room, its menus and its memories.
Why it matters
Protecting a working historic restaurant forever keeps a piece of living London heritage open to everyone, not just preserved behind glass.
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What you can do
Read more about the gift from the Museums Association, and support heritage charities that protect historic places in your area.
