What they call a “Cronxortium” has come together to salvage a New Addington brewery.
Coming up smelling of hops: phoenix brewer Mark Russell
But rather than save the Cronx Brewery company, the group has staged what is known as a “phoenix operation”, potentially evading tens of thousands of pounds’ worth of debts while leaving other small businesses in their supply chain unpaid and out of pocket. They will probably dodge a few quid owed to the taxman, too.
Inside Croydon reported exclusively last week that a meeting of directors of the Cronx Brewery and its Croydon High Street bar, the Cronx Tap, had agreed to file for voluntary liquidation. That meeting was staged in the London Wall offices of their liquidators on…
