Jam Circus and The Royal Albert up for sale

Accountancy Age has interviewed the administrators of Antic Ltd, the offshoot of Antic London, that went into administration earlier this month, threatening the future of local pubs including Jam Circus and The Royal Albert.

Critically, administrator Richard Toone, of Chantrey Vellacott says that the pubs have a viable future and that they should be sold as going concerns:

"We are welcoming offers on each of the individual leaseholds, and the company's business and assets as a whole," said Toone.

"The main factor behind the business going into administration is due to a HMRC bill it has struggled to resolve. The pubs are very popular and the business should be profitable and the substantial interest and offers which have been made reflect this." 

Pubs run by Antic Ltd's parent company Antic are not affected by the administration.

With thanks to Tom.

20 comments:

Robert Sheppard said...

Which pubs are owned by the parent company and which by the subsidiary?  Is the Ravensbourne Arms safe (pro tem anyway)?

Ben said...

These are the pubs affected by the administration: 

http://www.antic-ltd.com/

Fingers crossed said...

We have enough pubs and bars round here, hopefully someone like Pizza Express well seize the opportunity to get Jam Circus, it will really turn the high street around! 

Brockley Nick said...

a) we don't have "enough" pubs and bars around here, which is why the good ones are always packed
b) Crofton Park high street doesn't need "turning around" - high level of occupancy, plus a ballroom, a library, a theatre, a bank, some good pubs, bars and cafes and a good range of things to buy. Practically the model high street.
c) JC is not big enough for a Pizza Express. Just reopen the pub. Everyone loves it, it was always full. Just needs fixing after the fire damage and off you go.

Daniel Woods said...

extend the chicken shop into an emporium!!!! if course i am jesting. couldn't antic london just buy them?

Daniel Woods said...

*of

Anonymous said...

 I'd imagine they'll try to, but the administrators obligation to the debt owners is to get the best price and offer to a public sale.

Anonymous said...

 Please tell me that's a joke. Jam Circus was a brilliant part of the high street, which needs to reopen as Jam Circus. Don't go wishing a crappy chain in place of my local!

david said...

Totally agree that it needs to remain a bar/pub. There aren't sufficient - especially down Crofton Park end of Brockley. Just Jam Circus, Mr Lawrence's and the Jack. And then... Pizza Express? Can't think of anything worse, personally, not because it's a chain (although that too) but because it serves dross food. If that's the idea of turning a high street around, can we keep cheerfully heading in the other direction, please?

Fingers crossed said...

Goodness we can't stay in the dark ages for ever! Every area that's regenerated has a decent high street restaurant option. It doesn't have to be Pizza Express, a Strada or Ask would be great too. People are drinking less and less these days anyway, and you are allowed to drink in restaurants too you know. The problem with this blog is that people only want things on their terms, well the majority of people would love to have a good brand restaurant, sorry if that's not cool enough for you.

Anonymous said...

 The quality of food served at Jam Circus was/is infinitely better than the mediocre, overpriced crap dumped out by Pizza Express.

On the comment about "people are allowed to drink in restaurants too", when was the last time you ever heard anybody say "let's go out for a drink. How about Pizza Express?". If Pizza Express want to arrive in the area, the proposed development at the old church opposite the Coral on Brockley Road is the obvious spot anyway not Jam.

Thankfully the idea is just one person's hope and not an actual proposal on the cards.

The_Local_Crackhead said...

You see what sort of people we're attract by featuring in the property sections and on TV the whole time? The very worst.

Guest said...

Screw you, we own you.

crashwilliams said...

Pizza Express? What next, how about a burger bar - maybe gourmet burgers, then a WHSmith, maybe boots will be a long shortly. White Stuff, then a Costa Coffee and guess what? We'll have the same highstreet as most other highstreets.

Yawn!

Brockley Nick said...

Worth noting that "The Local Crackhead" is the same person as "Fingers crossed". An impressive bit of trolling. Complaining about how awful his alter ego is.

AliAliAfro said...

IMHO a pizza express would be better suited to one of the soon to be built retail units within one of Brockley's new developments (not that I particularly want one). I just see more footfall around Brockley than CP (and I live in CP) - probably due to greater frequency of trains. In summary, we will keep Jam Circus thank you very much.

oryx said...

I agree with your post generally, but when you say 'just' Jam Circus, Mr Lawrence and the Jack.....they are three brilliant venues (well, 'was' in the case of Jam Circus :-().

All different, but all good - nicely busy without hideous crowds at the bar, real ale/good quality wine, relaxed and welcoming vibe.

I used to live in Battersea before I moved here and despite its 'destination' reputation, there was nothing like this trio of really good drinking venues in such a small space.

I hope Jam Circus re-opens in a similar format. I used to think of the above-mentioned as the Crofton Park Golden Triangle!

Alan said...

Realistically we all know Jam Circus is a popular venue which unless you were a complete idiot you would make decent profits from running. It seems whoever was managing Antic Ltd failed to take account of their obligations appropriately. I am sure whoever takes it over will reopen the bar as it was before, and do well from it. The sooner the better.

unknown said...

@BrockleyNick. Couldn't of said it better!

unknown said...

It is more than likely that all pubs will be bought back by Antic London. Therefor Albert will remain the same and building work on Jam Circus will be able to re-start.

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