" />
Asset 1005

Loading

Yet another Crowdcube Bond issuer fails.Taylor St Baristas files a £800k loss.

Hi - Hot from the Swamp today we have the Taylor St Baristas accounts. TSB used Crowdcube to raise £1.8m on a 4 year 8% bond. Target profits for YE Mar17 were just over £1m; generated by 20 coffee shops. The £800k loss has been generated by just 10.


Yet again we see the sort of ludicrous projections that Crowdcube promote on their platform coming to a sticky end. TSB now operates just one more unit than it did before it took the money off investors. Where did the £1.8m go? Who knows but.its gone.

So what? Investors are still getting their interest payments. Well yes for now they are. But with a BS at March 17 of minus...

This is a premium article.
You need to be an ECF.BUZZ member to read the full thing. Join now for only £3 per month!

Wednesday February 14, 2018

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.