Friday, 26 May 2017

You just cant keep a good man down!

Mal MacCallion used to run Rater Agent, which raised £150k on Crowdcube at the end of 2015. He was the main man in the Rater agent pitch. Then he left and worked for Callwell. Now he has rebirthed Growtion (nee Tramal).

Rater Agent are late with their accounts and Confirmation statement. We expect there are the usual reasons for this tardiness - projections showed a healthy profit.

We wrote about this before here and here

We expect Growtion to appear on an equity crowdfunding site near you very soon. They have a good list of customer reviews for a company that has only been trading for 12 months, including two from Callwell. They help you grow, apparently.

On the Growtion website, they have some case studies, along with a glowing account of Mal's business acumen and successes. It is hard not to laugh out loud.

One of the case studies is ......... Rater Agent. According to Mal, Rater Agent is profit making - obviously thanks very largely to his business skills.  The last set of accounts field at CH for YE April 2015 shows net assets of £1 balanced by Shareholder Funds of £1 - in fact £1 is the only figure on the balance sheet. Another case study is Zoopla. By dint of working at Zoopla at some stage (apparently), years before Growtion was incorporated, Growtion has helped Zoopla to its success. The final case study involves Callwell. Callwell is a tiny company making small losses. When we say tiny, it is really teensy.

So if you are willing to believe any of the above means that Mal has a clue about business, you really need to see someone. Why was he allowed to pitch on Crowdcube? I think we all know the answer to that.

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