Home   News   Article

Deal made to bring empty Marston pub back to life

The Thorold Arms, Marston.
The Thorold Arms, Marston.

Villagers campaigning to save their village pub have struck a deal with its owner to buy it for £195,000.

The Thorold Arms in Marston closed in July 2015, leading it to be sold at auction where it was bought by a Paul Barmby, believed to be an Essex property developer.

However, after a year of negotation and two unsuccessful planning planning applications to change the pub into a home, the Save The Thorold Arms campaign has announced a breakthrough.

Treasurer Mike Allen said: “We will now have to update and re-issue our Business Plan and Share Prospectus and intend to launch our share offer as soon as possible. It is hoped we can complete a sale by the middle of the year and after some refurbishment, re-open the pub in time for Christmas.”

“We will be looking for individuals and businesses to invest in shares in the Thorold Arms Community Benefit Society Limited, with the aim of regenerating the heart of our villages with a Community Hub incorporating a shop and cafe. There is lots to do.”

Some £250,000-£300,000 will be needed overall to cover the pub purchase and its refurbishment. The Plunkett Foundation, which helps rural communities, is helping the group in surveying the empty premises.

Previously, the villagers had raised £120,000 within six weeks to buy the pub, with a loan of £60,000 from a ‘white knight’ but they lost out at auction to Mr Barmby.

But now, they plan to relaunch their share offer to recover the funds and also use crowdfunding and other business investment. Mike called the deal with Mr Barmby “great news.” To help, people can go to the Save

the Thorold Arms website.


Iliffe Media does not moderate comments. Please click here for our house rules.

People who post abusive comments about other users or those featured in articles will be banned.

Thank you. Your comment has been received and will appear on the site shortly.


Terms of Comments

We do not actively moderate, monitor or edit contributions to the reader comments but we may intervene and take such action as we think necessary, please click here for our house rules.

If you have any concerns over the contents on our site, please either register those concerns using the report abuse button, contact us here.

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More