Blog posts tagged with: equity crowdfunding

Another Crowdcube Zombie calls it a day - Workabode liquidates after raising twice on the FCA regulated platform

Founder Trevor O'Hara is a cracker - he's from Ireland. This is not a story of a near miss or bad luck. It's not even a joke. No, this is a story about nonsense, about promoting £21m of net profit,...

BeerBods sells out to ABV

Beerbods raised a total of £400k on Crowdcube in two rounds. Now Matt Lane has sold the business to Beer Hawk, recently acquired by ABV incubator ZX Ventures. 

Hapless HAB Housing leave shareholders in the dark

In yet another example of the investor power vacuum, HAB Housing Ltd have filed yet more heavy losses whilst associated companies play swinging doors and restructuring games.  

A Suit that Fits enters the realms of fantasies and nightmares.

Simply - it doesnt. Never has done and never will. ASTF funded on Crowdcube and Envestors. Went bust, was exhumed and now sits on the edge of the hole about to slip back in. Meanwhile it appears...

Kokoon lowers valuation by 20% at the end of their Seedrs round to 'accomodate' a £525k investment from an EIS fund.

We strongly recommend that if you want to be cheered up, you read the Kokoon Kickstarter forum. Now in breaking news, the company has written via Seedrs to existing SHs about an exciting...

Syndicate Room's Made in Mind Keeps em Rollin Rollin Rollin..........

Made in Mind (MIM) went into administration on 25 June. It had raised £352k on SR in 2014. Now a version of it is appearing on Kickstarter even before the initial administrators report is out....

Angelberry's sluggish death is all to familiar to Equity CF investors

Ryan Pasco and James Taylor applied to have their 2014 Crowdcube funded company quietly struck off in May 2018. Now in June 2019 is is still listed at CH as active with the Voluntary Strike Off...

Absolute Bedlam as brewer's numbers yet again prove Crowdcube projections are nonsense.

Bedlam Brewery makes great beer. They raised £515k in 2016 on Crowdcube. Now they are back looking for another £800k. Claims of success do not tally with our numbers. 

Full Green - great vegetables sealed in a non recyclable long life plastic bag for the downright lazy.

Cauliflower is far more delicious than Eric the Greek's ear makes it look. Why then would you stuff it into an non recyclable plastic long life bag?

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. 

Where are Property Moose?

Any Crowdcube investors in DFI Financial Services Ta Property Moose have any clue where they have gone? 

Full Clear becomes invisible and tells investors it's time to close down.

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. 

Bring on the Clowns.

This is another fine mess. Celo raised £148k on Crowdcube in July 2018 - company name Artis FS Ltd. The filing at CH confirms the transaction in shares. But the accounts for YE August 2018 state...

A Wee Cracker from Seedrs

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Our London Adventure

It's a jungle out there.

Zing Zing CVA is passed by Creditors so Crowdcube investors are stuck.

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...

Lakes Distillery not in the right spirit with new Down Round.

Redchurch - Red Faces. Debts to HMRC of almost £950k.

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...

Equity Crowdfunding is embarrassed by Loot administration

Threefold rise in complaints to the Financial Ombudsman Services for Equity Crowdfunding.

As we predicted, the 3-5 year time lag for equity crowdfunded business to spend their investment and close down, is now rapidly pushing up the number of complaints to the FOS. Numbers are still...