The Thorold Arms in Marston (6 miles north of Grantham and 10 south east of Newark) will be sold by receivers this summer, but there is the opportunity to bid, by the end of May, to buy this vital resource for the local community. A Share Offer was launched on St George’s Day with the objective of raising a minimum of £250,000 by May 31st.
If more than the minimum target is raised, then it will be possible to be more ambitious with the renovations. If, for any reason, purchase of the pub is not achieved, investors will get their money back.
A group of locals have organised themselves as a Community Benefit Society (CBS), a form of Limited Liability Cooperative. The shareholders each have one vote at the AGM and can also put themselves forward for election to the Management Committee. They are called The Thorold Arms (CBS) Limited and are registered with the Financial Conduct Authority No 7295.
There is a huge amount of information on website: www.TheThoroldArms.co.uk
, including a number of downloadable documents with pictures and plans of the hoped-for remodelling of the pub. The Share Offer Document and Application Form are also there and, if required, they can post a printed version – just ask via the Contact Us
Please help save Marston’s Pub and Shop. Investors are very welcome – the more the merrier!