Redchurch Brewery has raised £895k on Crowdcube since 2016. Projected profits for YE June 17 have turned into large losses.
It's a story you will all be familiar with. Expectation management gone missing in action. But it keeps on and on and on happening. Promises of deals with Tom Dick and Harry have not resulted in the revenue numbers being catapulted into the stratosphere. Maybe the tunnels all proved to be dead ends. The company was flushed at the year end with NCLs sitting at minus £400k. It will need more cash. Heard it all before?
It is really very disappointing.