Valued Friends is a comedy of manners about the property market which won both the Evening Standard and Critics’ Circle Awards when it was first performed at Hampstead Theatre, London, in 1989.
Four people live together in a large old house in London. They include Sherry, a wacky girl trying to make it as a comedienne; Paul, a pop music journalist; Paul's girlfriend Marion; and Howard, who is writing a left wing analysis of the corruption of capitalism under the Thatcher government. They all are perfectly content living where they are; until, that is, a developer offers them a huge sum of money to vacate. Soon, their talk about music and idealism gives way to heated discussions about real estate, capital appreciation and negotiating tactics. They decide that they can force the developer to raise his offer by renovating the house; and three years of this leave them with a huge capital gain, and a deep spiritual loss.
‘I had the great pleasure of working with Stephen Jeffreys on his play, The Libertine. Would that all playwrights had his openness, his talent, his hard-headedness, his experience, his enthusiasm, his complexity, and perhaps best of all his talent and interest in eliciting the best in others’ - John Malkovich
‘Stephen’s plays always bear the kitemark of unique, handcrafted quality’ - Ian Rickson