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Asset 1005


Another Crowdcube brewer runs out of hops

Following on the mess at Hopstuff, The RedChurch Brewery Ltd has gone into administration taking all its investors with it. This is not a place they wanted to go. It certainly will not deliver the perks that over 700 investors were looking forward to.

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Redchurch, a London based craft brewer, used Crowdcube twice, in 2016 and then 2017. A total of just under £900k was invested by the Crowdcube faithful. Accounts were due next month.

The numbers are not out yet  - The Gazette posting was only a few days ago. Nothing filed at CH. Maybe this will be a prepack. Investors will still lose out. 

Lessons learnt - none. 

Members of ECF.Buzz will be pleased to know that we had them (Redchurch not our members) marked as hospitalised following last year's accounts, which showed a loss of £290k against a Crowdcube projected profit of £412k. You see these things do actually matter. 

Tuesday May 14, 2019

Hardman and Co’s Brian Moretta in conversation with ECF Buzz Founder Rob Murray Brown on start up investing, equity crowdfunding and what’s a good read.