Sugru debt facility WAS dependent on sales targets
For those wondering why the bank pulled a further £1.5m debt facility on Sugru, with its resulting fire sale for 9p in the pound, here it is.
The company had this note on its Crowdcube 2017 raise - you had to download it to see it as it wasnt in the main text.
Clydesdale Loan The Company has a £3.5 million loan facility from Clydesdale Bank PLC (“Clydesdale”), of which £2 million was drawn down in November 2016. The agreement for this loan includes the...
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Friday May 18, 2018