The Pub has been bought by a Developer.
The new owner of The Thorold Arms is Cape Designs Limited, an Essex based company incorporated on the 20th February 2013 and described as an investment trust (SIC 64301).
The company’s sole director is a Mr Paul Michael Barmby. The company shows the following “charges” as revealed by the Essex Business website:
- The Thorold Arms, Marston, Grantham, Lincolnshire
- Rileys (formerly the Beehive Bar), Helston, Cornwall
- A number of other properties and land in Doncaster, Wigan, Blackpool and Liverpool
The purchases all appear to be financed by a company called Haslebrow Finance Limited in Liverpool.
The situation is particularly tragic as Cape Designs was the only other bidder at the auction, which means we could have got the pub for the community at the reserve price, which was possibly around £150,000 – less than our original offer to the receivers.
There is little doubt that the owner intends to convert the pub into a residential property and build on the garden and car park. However we have written to him to ask about his intentions and will report back in due course.