ARCH the Northumberland Development Company

Are ARCH really taking over the world?
http://nottheberwickshireadvertiser.com/2013/10/17/arch-unmasked-as-secret-terrorist-organisation/

Coming back down to earth ARCH have now been loaned £53 Million of our money by the County Council to 'regenerate' Northumberland. To date there is little to show on the ground for that 'investment' - apart from £15 million of shares bought in property portfolios, and low cost housing being bought across the County to be offered at extortionate private sector rents. Contracts are placed at our expense without the approval of Councillors, being offered up for public scrutiny, or abiding by 'value for money' rules. Should a County Council really be planning to build a Hotel?

This year their turnover was £8 million - admin costs were £6 million (what are they spending the money on), the rest went of debt repayments. The onyl part of business that is profitable os the former Northumberland Coalfields Property Company, that they now own. So ex-miners are supporting this business thorugh their rents.

Much more to follow of this sorry tale, that no-one in authority seems to be interested in

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And now there's Prudhoe Estates - joint venture with Northumberland Estates - from a recent Foi ....

The answers to your questions are as follows;

1.  What are the objectives of Prudhoe Estates ?

To Develop sites restricted by covenants

2.  What type of developments will it be involved in, commercial,speculative,housing ?

As a Commercial real estate investment

3.  What function will it fulfil that cannot be undertaken by existing Arch Companies ?

To have Access to more developable land

Best of Regards