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Out with the Old... Network Rail tell businesses to vacate Atlantic Road arches

Budget Carpets last day of trading is 3 Weeks today ( Saturday 7th April ) after 28 years of trading ! Thank you to everyone on Urban , Buzz and all the fantastic people who helped with the Arches campaign you’ve been amazing
Really sorry to see you guys leaving - but well done for putting up such a fight.

I'm guessing that the bookies and pawn shop are staying?
 
Ah ok, I know you :)

I imagine Network Rail will move on to those arches at a later date and do the same however. Although I imagine the likes of Kricket will probably (if they have any sense) sort their leases so they're not affected in the same way the bookies and the pawn shop seem to have on those arches currently affected.
 
Sad scenes

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In photos: Goodbye to Brixton’s Budget Carpets
 
They're run by two well-funded entrepreneurs with big expansion plans:
Campbell founded Kricket with his college friend Will Bowlby after spending three years as an associate in transaction services at Deloitte. Initially he planned to open a cocktail bar, building on his experience creating an events business at university. "By the third year, we'd built a pretty solid promoting and events business that turned over six figures," Campbell says.
I'd like to build our brand a bit more, make it more valuable first. The plan is to do four or five in key locations around London, Brixton, East London, Soho, West London, maybe Bermondsey, and keep them not too big. We want to keep the quality, not overdo it.

"From people we've spoken to, I think Kricket could really work in cities outside the U.K., like Melbourne for example, San Francisco. A lot of these places really haven’t pushed the boundaries with Indian food."
Kricket Brixton Hits Indian Food Out of the Shipping Container
 
There are now four Kricket companies, with three of these being set up recently.

The interesting one is the original, Kricket Ltd set up in 2014. In August 2016 a company called White Rabbit Projects LLP became a 50% shareholder in the company. White Rabbit is an investment fund for catering start ups.

One of its directors is Chris Miller, whilst the other two are Camelart (registered in the British Virgin Islands) and K&K (registered in Switzerland).

The shareholders are Andrey Verezskiy, a Ukrainian registered in the British Virgin islands, and Klaus Koffler.

ETA: this piece doesn't really explore the background of this local Brixton business.
 
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There are now four Kricket companies, with three of these being set up recently.

The interesting one is the original, Kricket Ltd set up in 2014. In August 2016 a company called White Rabbit Projects LLP became a 50% shareholder in the company. White Rabbit is an investment fund for catering start ups.

One of its directors is Chris Miller, whilst the other two are Camelart (registered in the British Virgin Islands) and K&K (registered in Switzerland).

The shareholders are Andrey Verezskiy, a Ukrainian registered in the British Virgin islands, and Klaus Koffler.

ETA: this piece doesn't really explore the background of this local Brixton business.
Good digging. How the fuck does a well-funded, well-connected, offshore registered company get invited into Pop Brixton which is constantly trumpeting their local start up credentials?

Still, I can see how they'll be a perfect fit for the Nu-Brixton Arches.
 
Good digging. How the fuck does a well-funded, well-connected, offshore registered company get invited into Pop Brixton which is constantly trumpeting their local start up credentials?

Still, I can see how they'll be a perfect fit for the Nu-Brixton Arches.

Possibly because pop were trying to get some safe bets from a revenue perspective in the door, somewhat counter to their stated objectives.

I suspect the foreign domicile business is standard with certain forms of ownership.

Alex
 
I suspect the foreign domicile business is standard with certain forms of ownership.
Does that make it OK then? Do you think Pop Brixton should have been welcoming in offshore registered businesses given its supposed 'community' focus on local start ups?
 
So they started (and got to pop in 2014 as a two person company) and then expanded using investment funds and are now moving into Brindisa?
 
So they started (and got to pop in 2014 as a two person company) and then expanded using investment funds and are now moving into Brindisa?
As far as I can see they have no previous association with Brixton and some may suggest that their upmarket connections runs somewhat contrary to the spirit of what Pop was supposed to be.

How do you feel about offshore registered, investment fund-backed companies moving into the arches? Is that what you want to see more of in Brixton?
 
The original company wasn't off-shore was it? I thought they came in when the business wanted funding to expand. Not unusual in the hospitality industry.
 
The original company wasn't off-shore was it? I thought they came in when the business wanted funding to expand. Not unusual in the hospitality industry.
I never thought I'd see the day when investment-fund backed Brixton businesses registered in tax havens are just shrugged off as how things are on these boards.

Why should we feel grateful for these businesses coming to Brixton when they're doing all they can to avoid paying their fare share of tax?
 
Are we also to comdemn other businesses in Brixton whose parents companies have a record of engaging in dastarly schemes to avoid paying tax, or only those ones who locate themselves inside Pop Brixton or in the arches?
 
Are we also to comdemn other businesses in Brixton whose parents companies have a record of engaging in dastarly schemes to avoid paying tax, or only those ones who locate themselves inside Pop Brixton or in the arches?
Difference is that Pop was gifted rent free to supposedly give an opportunity to local start ups in the communiuty, not provide a cheap base for well heeled, well connected concerns with no connections to the area to build their offshore, tax-swerving empires. Do you condemn them or not?
 
Difference is that Pop was gifted rent free to supposedly give an opportunity to local start ups in the communiuty, not provide a cheap base for well heeled, well connected concerns with no connections to the area to build their offshore, tax-swerving empires. Do you condemn them or not?
So if the issue is free rent, no objection to them moving into the arches then?

Regarding your other question, whenever an 'empire' like the one you describe in your post above moves to Pop Brixton I'll be the first one to raise my eyebrows.
 
So if the issue is free rent, no objection to them moving into the arches then?

Regarding your other question, whenever an 'empire' like the one you describe in your post above moves to Pop Brixton I'll be the first one to raise my eyebrows.
So you won't say whether you condemn offshore registered, tax-swerving, investment fund-backed companies moving into Brixton or not?
 
From memory one of them lived in Brixton when they set up. I’m not into tax avoiding, off shore companies at all but that wasn’t who over into Pop as a start up. Restaurants are hugely risky businesses and I imagine there aren’t that many options to find backers to expand
 
So you won't say whether you condemn offshore registered, tax-swerving, investment fund-backed companies moving into Brixton or not?
I condemn ALL businesses who engage in any kind of tax avoidance scheme, both those moving into Brixton or those already operating in Brixton.

Do you agree with that statement?
 
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