This is a spectacular and busy Fuller's Ale & Pie format conversion of a former whisky bar, themed on HMS Victory and opened by the First Sea Lord on Trafalgar Day 2014. It is London's most central pub, being just 50 metres from the King Charles I statue from which all distances from the capital are measured, and it has a great view over Trafalgar Square.

Following a serious fire in the pub's basement in July 2022, the pub finally reopened in April 2023. To celebrate that reopening, London Fire Brigade Deputy Assistant Commissioner Greg Ashman, and fire fighters from Soho fire station came to help Fuller’s Chief Executive Simon Emeny cut the ceremonial ribbon. DAC Ashman was in charge of the incident in July, when over 100 members of the London Fire Brigade worked to put the flames out. The venue is now one of Fullers' first all-electric pubs, in a move towards carbon-neutrality and reduction of fire risk.

The pub is furnished with traditional tables, chairs and plush banquette-type seating on the ground and upper floors, the mezzanine area being used mainly for dining. The large Gundeck bar downstairs has semi-private booths, based on the lower gundeck of the Victory, as well as some more informal seating. The ground-floor bar generally offers a choice of six real ales, mostly from Fuller's, alongside a range of craft beer taps; the real ale choice downstairs will be more limited.

The pub can become very busy at peak eating times and non-diners are requested not to occupy the tables intended for those eating. For those taking breakfast (when offered by the pub), note that alcohol may not be served until 10am.