Credit where credit is due. Whilst the £100k profit reported in the accounts for YE Sept17 is not quite the £1m they projected on their Crowdcube pitch, it is nonetheless a profit rather than the usual loss.
So is it possible to take a company that makes £100k profit and scale it so that Crowdcube investors, who bought in at almost £1.4m back in 2015, see a decent return for their efforts. Maybe?
At least these guys are now heading in the right direction. Clearly a shop in Shanghai has been a smart move. It maybe sometime before we are raising a glass to their success but here's hoping.
Followed their second campaign on crowdcube, ok business, profitable,valuation if i can remember wasn't much inflated, but didn't reach the goal
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