Out with the Old... Network Rail tell businesses to vacate Atlantic Road arches
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hiraethified
Busy scenes at the consultation today:
Save Brixton Arches campaigners crowd into Network Rail consultation
Save Brixton Arches campaigners crowd into Network Rail consultation
ViolentPanda
Hardly getting over it.
Carpet shop
New Member
Very interesting that William Hill and H T Pawnbrokers aren't affected as they have a ' no eviction ' lease
bimble
floofy
I asked someone at the rec thing about that today and he said it is just a mistake / misunderstanding, coincidence etc that those two have leases that run uninterrupted till sometime in the 2020s.
ViolentPanda
Hardly getting over it.
I'm not surprised about William Hill, as they've always negotiated as long-term leases as they can possibly get - makes sense when you're a large chain and have a competent set of lawyers working for you making sure you get maximum bang-for-buck. The pawnbrokers surprises me, though. I reckon that's one that slipped through Network Rail's net, and that some office-wallah at NR got a proverbial bollock-roasting for it.
bimble
floofy
Yep the man did say 'we don't want them' , about the pawnbrokers, he said they're doing well there and have refused any attempts to induce them to get out.
ViolentPanda
Hardly getting over it.
I'm not surprised that they're "doing well", and not just from the usual working class suspects pawning their bling the week before payday. Pawnbroker use has shot up everywhere, across the class divide.
ViolentPanda
Hardly getting over it.
Big Business has no loyalty except to profit and to owners/shareholders, sadly. Most business empires were built on the back of grinding smaller businesses into the dust.
Mr Retro
Beware hedgehogs
Have you figures or evidence to back that up? With the price of gold plummeting and online payday loan companies getting ever more popular I would suspect pawnbroker use has gone down in the last 2 years or so. Happy to be corrected here though.
madolesance
Well-Known Member
A+C spear headed the campaign at the beginning of the protest regarding the eviction/ relocation. Does any one know how much they
received to move on? Network Rail definitely uped the cash packages to some business after all the protest/ public out cry. One business
owner in the arches has be offered a rather substantial amount of money to move on or slightly less, to come back after the refurb and to
keep doing the same thing with his rent rising to a market value over 7 years.
received to move on? Network Rail definitely uped the cash packages to some business after all the protest/ public out cry. One business
owner in the arches has be offered a rather substantial amount of money to move on or slightly less, to come back after the refurb and to
keep doing the same thing with his rent rising to a market value over 7 years.
bimble
floofy
Why am I doing this at 1am ? Does seem to be a slump a couple of years ago but their stocks look happy again now (the chain of pawnbrokers).
H&T GROUP PLC ORD 5P - London Stock Exchange
CH1
"Red Guard"(NLYL)
No so good at Albemarle & Bond round the corner in Brixton Road
Albemarle & Bond Holdings Plc - in Creditors' Voluntary Liquidation Albemarle & Bond Jewellers & Pawnbrokers Limited and Herbert Brown & Son Limited - both in Administration (together "the Companies")
Mike Jervis, Peter Dickens, Toby Underwood and Stuart Maddison were appointed as joint administrators (“the Administrators”) of the Companies on 25 March 2014. The Companies trade as Albemarle Bond and Herbert Brown.
The group is the second largest pawnbroker in the UK, serving over 100,000 customers. It provides a wide range of services for customers looking to access cash, including pawnbroking, gold buying, cheque cashing and unsecured lending. It also provides foreign exchange services and acts as a jewellery retailer.
As a result of the decline in gold prices, 40 of the group’s pop-up stores were closed in 2013. Against this backdrop, efforts to turnaround the business have proved unsuccessful, which has led to the Companies filing for administration.
The Administrators are pleased to announce that on 15 April 2014 the majority of the business and assets of the Companies were sold to Promethean Investments LLP, preserving over 600 jobs. All 120,000 pledged items remain safe and available for customers to redeem.
etc etc
As you can see from the above this is connected with the poor performance of Gold on the World Markets.
Maybe H & T never got into all that "Let us buy all your Gold for 2p" thing? Or maybe they did - and that caused their slump two years ago?
bimble
floofy
It looks like those ones who are going bust (albermarle & bond) only deal in gold & jewellery whilst the H&T people say on their website "we buy almost anything", including electronics, cars, whatever you've got.
https://www.handt.co.uk/we-buy-almost-anything
https://www.handt.co.uk/we-buy-almost-anything
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ViolentPanda
Hardly getting over it.
Because we all know that ALL bling is gold, right?
That'd be the same payday loan companies who are either retrenching or closing down because of recent regulation, would it?
I've read articles in The Guardian, Daily Telegraph, Independent and Standard in the past two years or so all making the same claim - that pawnbrokers and companies like Crack Converters are thriving, while the payday loan market is spiralling down since their interest rates were capped in January.
Mr Retro
Beware hedgehogs
But gold is the probably the only bling that counts to pawnbrokers given most people will have a least a small amount of it and it's high value and easily converted to hard cash. But you don't have figures to back it up so we can agree you are wrong and we'll move on.Because we all know that ALL bling is gold, right?
That'd be the same payday loan companies who are either retrenching or closing down because of recent regulation, would it?
I've read articles in The Guardian, Daily Telegraph, Independent and Standard in the past two years or so all making the same claim - that pawnbrokers and companies like Crack Converters are thriving, while the payday loan market is spiralling down since their interest rates were capped in January.
CH1
"Red Guard"(NLYL)
I think Albemarle was more of a jeweller/pawnbroker which someone tried to turn into chain.
Sort of like a usurious version of Jessops. And like Jessops over expanded, then found themselves in trouble at the bank due to insufficient asset cover.
That's my take on it but I am no expert either - as is betokened by regular offers of Vanquis credit cards which means I (or my address) are highly uncreditworthy.
bimble
floofy
Looks like the way to make money is to agree to buy pretty much anything that's re-sellable off people who are desperate for a bit of cash just as long as you make sure you give them a really small about of money for their goods?
ViolentPanda
Hardly getting over it.
So, not "marque" watches or the like then, to give but one example?
But you don't have figures to back it up so we can agree you are wrong and we'll move on.
I'll bear your new-found fervour for supporting data in mind.
Mr Retro
Beware hedgehogs
Thank you. It will be easier for those of us who believe you normally talk out of your arse
ViolentPanda
Hardly getting over it.
Pawnbrokers have always been about more than gold jewellery. Back in the '70s and '80s there was one on Northcote Rd, SW11 that loaned on antique furniture, one on Fulham Palace Rd that lent on art, even one in Tooting that lent on new and newish cars. I'm sure such places are still around, albeit they probably don't operate High St premises any more.
ViolentPanda
Hardly getting over it.
Thank you. It will be easier for those of us who believe you normally talk out of your arse
"Those of us"?
Have you had numerous PMs of support then, or are you extrapolating "like"s to mean support for your beliefs?
In the interests of establishing your supporting data for your claims of "us", you understand.
ViolentPanda
Hardly getting over it.
Haven't heard anything, but it's likely to be the same treatment as elsewhere, unless the lessee has a particularly chunky break clause in their lease (unlikely
).
Mr Retro
Beware hedgehogs
Don't worry there are plenty but seeing as you will bear my request in mind in future we're good for now
bimble
floofy
One of the worst things about NR's plans are how all of the spaces that are now subdivided into lots of little different shops are shown in their refurbishment plans as single units, so in effect it looks like a hundred different really small retailers who are currently sharing the rent will be replaced by about 10 spacious new shops / bistros.
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bimble
floofy
What am I looking at here, more aggressive tidying up ?
http://futurebrixton.org/wp-content/uploads/2015/07/20150727-design-proposals.pdf
http://futurebrixton.org/wp-content/uploads/2015/07/20150727-design-proposals.pdf
CH1
"Red Guard"(NLYL)
That area has benefited from the Townscape Heritage Initiative remember.
Pictures for the National Lottery who might find it more aesthetic than what is actually there?
