Bought on 29th January 2015 for £3,100,000 by CONNECT HOUSE LTD (Co. Regn. No. 9296558) of Unit 9, Ravensdale Industrial Estate, Timberwharf Road, London N16 6DB. Source: Land Registry, title number TGL100496, obtained November 2017.
The land was used to grow watercress by Gaston DUTRIEZ, who bought the property from William Francis Joseph SIMPSON in 1922. Source: Land Registry title and 1930 Commercial directory.
In 2012, Google Street View shows the building as Connect House Serviced Offices, by a company called Frendcastle. On 8th November 2017, BBC London reported that the building was being used by four local councils as temporary housing, with rooms costing between £30 and £40 per night. A Royal Mail postcode search for the address shows 84 flats.
An unusual linking of brewery interest is brought to notice by an announcement to-day from Nalder & Collyer’s Brewery Co. (Ltd.) This Company has a capital of £660,000 in £130,000 Ordinary and £530,000 Preference shares. Practically all the Ordinary and 90 per cent, of the Preference are held by the City of London Brewery and Investment Trust (Ltd.) This latter, now mainly an investment trust, has a considerable holding in Ind Coope & Allsopp (Ltd.) and also an indirect interest in Ind Coope through Nalder & Collyer, which in March last year sold a number of its properties to Ind Coope & Allsopp (Ltd.) for a total consideration of £2,200,353, paid partly in cash and partly in Ind Coope Debentures, Preference, and Ordinary stocks.
The directors of Nalder & Collyer are now going to distribute part of the Ind Coope Ordinary to the Company’s Ordinary shareholders and the bulk of these shares will of course go to the City of London Brewery and Investment Trust (Ltd.) For every £10 Nalder & Collyer Ordinary will be given £2 of Ind Coope Ordinary, making the total distribution £26,000 nominal, worth at the current market price £162,500. Accompanying this announcement is a final dividend of 20 per cent plus a 10 per cent cash bonus, making, with the interim of 25 per cent., a total of 55 per cent, as before, which of course also goes mainly to the controlling company. There is a free market in City of London Brewery 5s Deferred Ordinary units now standing around 20s. a price which indicates long-standing hopes of a capital bonus. Last year’s dividend was only 6 per cent. The next accounts are to June 30 next and are due in July.
Universal Tractors Ltd., of Mitcham, are to market the Rumanian Universal UTB line of tractors in the UK. Although Universal manufacture a line of five tractors from 45 to 73 hp, to start with only the U651, the 73 hp SAE four-wheel drive model, is being offered in this country at a price of £1,320. At a price claimed to be £700 cheaper than its nearest competitor on the market, Universal say that it offers remarkable value to the British farmer looking for a larger tractor.
Full details from Universal Tractors Ltd., 323 London Road, Mitcham, Surrey.