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.

http://fantasyequitycrowdfunding.blogspot.co.uk/2015/10/gin-up-lads-results-are-not-everything.html

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.


No comments:

Post a Comment