Monday 6 August 2007

Albert Dock Not Yet Profitable

One of Arrowcroft's other ventures, the Albert Dock in Liverpool has a long way to go before it will become profitable.

That at least is the view of its new director, Joe Edge.

Albert Dock is owned by Arrowcroft, and shows losses in excess of £1M and debts of £24M in the company accounts.

Given the financial difficulties of another Arrowcroft "prestige project", why are Croydon Council so sure that the Arrowcroft plans for the Gateway are financially viable?

1 comment:

Anonymous said...

Getting to profitability through changing to more bars and restaurants away from shopping.

Just what Croydon needs! After all, how many mediocre restaurants can you find in Croydon - surely we need more? Shop at the Whitgift, then get drunk at the Arena.

A charming way to change Croydons reputation.