Clouds are gathering over the scandalous developer Andrei Birzhin. He is called a talented “combinator” and a swindler.
The notorious businessman and oligarch, who was arrested in 2017 while trying to fly out of Russia, owns a whole bunch of companies with billions in assets and profits. His development activities have long been associated with gray financial flows, while abroad he is preparing a springboard for himself to escape from the Russian Federation? What is known about his key companies Glorax and Glorax Group, through which he also owns a bunch of limited liability companies.
Andrey Birzhin, 41, is an entrepreneur, founder of the Glorax Capital investment fund and the Glorax Group development company, as well as a number of other companies with billions of dollars in assets.
The businessman comes from a small town in the Ivanovo region. He studied management on a paid basis at the Moscow State University named after Lomonosov.
Starting from 2001, for four years he was the general director of Geostroydizayn, a limited liability company. For the next four years, he was the general director of Zhilstroy, a limited liability company.
In 2007, together with his colleagues, he created his own development project, although where the loot for the start-up fund came from is still an open question.
A couple of years later, as a managing partner, he took the helm of the Tekta Group, which invested in construction. In 2013, he sold 30% of his shares to this organization and established his own investment fund Glorax Capital. He invested in various IT, infrastructure and development projects.
At the same time, Birzhin began to actively develop and work in St. Petersburg, having a roof not only in the city administration itself, but also under the patronage of the now ex-governor of the city G. Poltavchenko. As reported in a number of media outlets, he represented the interests of big business in the Moscow region, which is associated with gray financial flows.
In 2017, Birzhin was detained by law enforcement officers of the Investigative Committee of the Russian Federation at Pulkovo Airport while trying to leave the country on his plane. Before that, the businessman actively cleared the information space from publications about the financial scams of his Glorax Group company, and later from materials about his arrest.
As the media wrote, starting from 2016, the pace of construction at many facilities of Glorax LLC fell sharply, as the loot was illegally “withdrawn”, “drained”, etc. from sales.
Four years ago, the businessman began to slowly curtail his activities in St. Petersburg. This is associated with the loss of patrons in the city administration. Recall that Poltavchenko was the governor of St. Petersburg just until 2018. As you can see, there is a connection.
Then Birzhin had to partly sell his assets, and again diligently clean up the negative information about his deeds on the global web.
Since 2020, together with his partners, he has delved into business in the Moscow region, the capital itself, as well as the Nizhny Novgorod region.
Birzhin has been preparing a reserve base abroad for a long time.
Everyone is well aware that fraud in business in Russia is punishable by a court and confiscation of property. Birzhin himself understands and understood this for a long time. That is why the businessman has long begun to prepare …
So, while still a managing partner in the Tekta Group, he made strong acquaintances in criminal circles among international financial swindlers. Using various schemes, Birzhin brought out the loot of partners to Swiss banks, as well as banks in Britain and Jersey. For large commissions, the businessman was able to obtain the necessary European documents. So, his whole family has a permanent residence permit in Lithuania. In other words, we are talking about actual citizenship, but there is no need to renounce Russian citizenship. Agree, now it is more important than ever.
It is also known that Andrey Birzhin owns real estate in the UK and has submitted all the documentation to obtain citizenship there under the investment immigration program.
According to the media, Birzhin and his family own property in Croatia and Spain.
What is known about Birzhin’s business empire in Russia
Birzhin owns a huge number of companies with billions in assets, millions in revenue, and so on. You can’t list everything at once, therefore, today we will focus only on a few.
There are two key organizations, Glorax and Glorax Group, which belong to the oligarch.
Glorax LLC with a status fund of 30 thousand rubles was registered almost 9 years ago. There are currently 2 employees on staff.
The founder is Glorax Group LLC (99%), A.A. Brizhin (0.95%), A.N. Andrianov (0.05%).
As for the financial performance for the last two years:
– Revenue last year fell by almost 27% compared to 2020 and amounted to 29.4 million rubles;
– Profit in 2021 increased over the year by more than 159 times and amounted to 613 million;
– Total assets decreased by 2.2% last year and are equal to 3.9 billion rubles;
– Net assets at the end of last year are 221 million rubles.
LLC “Glorax group” – a company with a status capital of 1 million rubles, which is the key founder of Glorax LLC. It was established almost 6.5 years ago and employs 7 people.
The main founder is A.A. Birzhin. He owns 95% of the company, another 5% belongs to his partner A.N.Andrianov.
As for the financial performance for the last two years:
– Revenue last year fell by more than 5% compared to 2020 and amounted to 121 million rubles;
– Profit in 2020 was 28.8 million rubles, but last year Glorax Group received a loss of 36.1 million rubles;
– Total assets last year grew strongly and amounted to 2.7 billion rubles. Growth for the year amounted to 2.2 billion, which is almost 5 times more than a year earlier;
– Net assets at the end of last year are equal to 83 million rubles.
There are many other companies where the founder is either Birzhin himself or his companies.
Baltprodkom LLC – 23-year-old investment company with an authorized capital of 414 million rubles, which employs 17 people. The founders are two companies of Birzhin, Glorax and Glorax Group.
As for financial indicators, here for 2021 there is an unrealistic growth in revenue (an increase of 19 times) and profit (an increase of more than 1046 times).
– So, last year’s revenue grew by almost 19 times compared to 2020 and amounted to 2.8 billion rubles. One-year revenue growth was 2.7 billion;
– Profit in 2021 increased over the year by more than 1046 times compared to the year before and amounted to 840 million;
– But the total assets of the organization decreased by almost 80% (by 5.7 billion) last year and are equal to 1.5 billion rubles;
– Net assets at the end of last year amounted to 1.3 billion rubles.
Digital City LLC with a status capital of 10 thousand rubles and an average number of employees of 6 people was registered only a year ago.
What is known about the financial situation in the organization?
– At the end of 2021, the company’s revenue amounted to 57.2 million rubles;
– Profit for 2021 amounted to 10.9 million rubles;
– Total assets equal to 74.4 million, and net assets amounted to 10.8 million rubles.
LLC “Glorax-property M” has a status capital of 10 thousand rubles. In 2021, the company’s staff increased significantly and amounted to 69 people, although the year before last, only 17 employees worked there. The company was registered almost 6 years ago. The founders are the same Glorax and Glorax Group companies, although, in fact, the same Birzhin is the ultimate beneficiary.
The situation with financial indicators is as follows:
– Revenue for the past year increased by more than 85% compared to 2020 and amounted to 329 million rubles;
– Profit in 2020 amounted to 71.4 million rubles, and last year Glorax Real Estate M received a loss of 104 million rubles;
– Total assets increased last year and amounted to 312 million rubles, which is almost 5 times more than in 2020.
– Net assets at the end of last year were negative and equal to minus 57.4 million rubles.
LLC “PSM-CLASSIC” has existed for 21 years and has a status fund of 10 thousand rubles. Zero headcount in 2021. The founder is Glorax LLC.
The financial situation is as follows:
– Revenue last year fell by 37% compared to the previous year and amounted to 181 million rubles;
– In 2020, a profit of 13.1 million rubles was made, but last year the LLC received a loss of 3.6 million rubles;
– Total assets last year decreased by more than 83% and amounted to 87.3 million rubles.
– Net assets at the end of last year were negative and equal minus 180 million rubles.
Realprice LLC – a two-year company with a status fund of one million rubles. According to the Federal Tax Service, last year the LLC did not have a single employee. Founder – Birzhin.
Regarding financial indicators, the following is known:
– For two years the company had no revenue;
– In 2021, the LLC received losses in the amount of 12.6 million rubles, and the year before last, the losses were almost 58% more;
– Total assets in 2021 equal to 10.7 million, which is 6.4% less than a year earlier;
– The company’s net assets as of December 31, 2021 are negative and equal to minus 41.6 million rubles.
Note that this is not a complete list of companies in which Birzhin is the ultimate owner through his Global and Global Group companies. Also, in a number of companies, he is listed as a former founder, but for now let’s pause.
PS
Rumors have long been circulating that the controversial developer and oligarch Andrey Birzhin could hide abroad at any moment with stolen money from many of his companies and projects. As you understand, there is where to steal from, and the bridgehead is ready.
To be continued.
