The earliest references to the Bellringer's Arms relate to the ownership of William Dakin from around 1870. William  died in 1874 and his estate was administered by trustees appointed under his will. They decided to sell his real estate in 1879, including the beerhouse. Licencing records show that George Berrington, William's son-in-law, took possession of the beerhouse until his own death in 1882. Berrington's trustees managed the property for a number of years until it was sold to Thomas Watchorn of Leicester in 1903. Watchorn owned the premises for nearly two decades before he conveyed it to Strettons Brewery of Derby.

Strettons tried to keep the licence but were faced with Loughborough's Licensing Magistrates using their powers to restrict 'unnecessary' pubs. Under the Licensing Acts of 1904 and 1910, Brewster magistrates could refer unruly or unprofitable pubs to a board to consider having them closed and compensation paid. In 1924 the licence was renewed but only after it had been referred to the Leicestershire Licensing Compensation Authority by the magistrates. Strettons made representations explaining that they were willing to make alterations to the premises. It was to little avail as the Bellringer's was referred to the Compensation Board again in 1925. The beerhouse's days were clearly numbered. In January 1927 the compensation amount of £3,046 was set and the Bellringer's Arms closed for good. 

​

Like many of the public houses and beerhouses in the village the Bellringer's Arms hosted a number of society and sporting dinners and events. For example, in early December 1883 Sileby Cricket Club held their annual end of season feast there, and in November 1925 an awards ceremony was held at the beerhouse to honour its successful long alley skittles team that had won the Everard Challenge Cup. More unusually, in November 1884, the beerhouse became the home of a young dog otter found in a drain near the River Soar. It was exhibited alongside a 4lb perch that was fished in the same stretch of the Soar!