Monday, 23 March 2015
Crowdcube's Seek and Adore failure
Seek&Adore.com raised £70,000 on Crowdcube in autumn of 2013.
By the end of 2014 the company had filed to be struck off. Their website http://www.seekandadore.com/ has a friendly message saying they closed on 1st August 2014.
Now in March 2015, this action is still pending. This time lag strongly suggests that either creditors or HMRC, or both, are unhappy with the the company's accounts.
Clearly they never reached the heady heights projected in their business plan - like nearly all of Crowdccube's pitches. Yet another sad story of a Crowdcube success.