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Asset 1005


White Car Crash starting to reveal its secrets.

White Car has crashed - of that there is no doubt. Now in liquidation, not long ago it was raising £800k on Crowdcube with a very upbeat message from founder and CEO Mark Douglas Strachan. 

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It was on Crowdcube twice in fact - the final time just a few months ago at the end of 2018 when it took another £200k off investors. The Statement of Affairs shows a deficit of over £2m. Not bad for such a short life. 

We are unearthing the real picture, thanks to shareholders. Large salaries seem to involved, which is always a no no in our book for start ups using others people's cash. 

More to come - if you are an ex shareholder then please do get in touch. This one should go to the FOS. 

Friday June 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.