Monday, 21 March 2016

London Distillery Company punch drunk.

The London Distillery Co was one of Crowdcube's largest early raises. It raised 250k in 2012.

Since then it has constantly failed to get even close to the Crowdcube projections, used to sell this equity.

Isn't that a story we have all heard before?

Now the latest accounts show yet more heavy losses - £267k to YE March 2015 against a projected profit of £270k. The company is now technically insolvent and states in the accounts that it is raising more money.

Well it has not done so yet.

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