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Nothing very Full or Clear here. 377 Crowdcube investors gave this company £248k in January 2018. Now just 16 months later the Directors (we use the term loosely) are closing via a VCL.
Yet again Crowdcube investors are treated like door mats. Zing Zing raised £1.5m in 2016 and then another £1.2m in 2017. Now Creditors have agreed a 4 year CVA which leaves the Crowd holding onto...
On, on, on we go, as if everything is fine. But it is not. As yet another Crowdcube success, the cafe chain, Filmore and Union, goes into administration. It used Crowdcube to take £860k off punters...
Redchurch Brewery's collapse is being blamed by management on the departure of their Head of Sales. The fact that they owed HMRC £950k and were under threat of imminent action might also have...
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...
This one is hard to believe. Only months ago, the Directors of Country Matters were on Crowdcube telling everyone what a great investment this was. In January 2019 they went into administration...
Reasons given for this failure included the fact that the product Fantoo were selling was never completed. Bridging that gap!
The golden rule for administrations and liquidations is that the insolvency practitioners must maximise the return from the sale off the failed company's assets, for creditors. In a age when the...
A failure to persuade anyone else to invest in White Car, is the given reason for this Crowdcube business' failure. Or in plain English it was a clapped out old banger with no engine.
Extraordinary. Only a few months ago Labrador were issuing new shares and taking on new directors. On 25 March 2019, they applied to go into administration.
So following the disaster with Burning Night, Crowdstacker investors are now facing a £6.4m hole as Authentic Alehouses collapses. And AA were set up by the same team as Burning Night.
Seedrs had Eat Square on their site raising cash recently. Now Eat Square has gone into administration. The Gazette for this was posted a while ago. It does beg the question - did Seedrs...
A hommage to the recent departure of The Prodigy lead. Beats talking about yet another Crowdcube failure.
We wont reveal the name just yet as there is still a 1% chance that more money maybe pilled in to rescue it. But in our opinion people are not that stupid.
Following our story of the administration in October 18 of Burningnight, light appears at the end of the tunnel, as a northern based restructuring company, Access Commercial Finance, has offered to...
As yet another expensive flop on Crowdcube heads out of the door to oblivion, we ask if Crowdcube's 1 star rating on Trust Pilot is justified.
In March 2018, Skunk Works Surf Co managed to relieve Crowdcube investors of £372k. In November of the same year they closed down, in administration with what looks like a right mess.
This is a disgrace but it is also exactly what we predicted Crowdcube would say. Thank you to the investor who forwarded this and who is now a member of ECF.Buzz - so it wont happen again. Shame on...
It seems unlikely that Crowdcube are ever going to break the cycle of funding companies that a few years afterwards go bust. Until, that is, they change the way they select them.
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.