The Tea Brew Pub took £180k off Crowdcube members back in 2015. The promise was to have 10 units open in four years and then franchise. The pot is looking pretty empty.
Holland, the founder, cant even manage to get a simple set of small company accounts together for the filing which was due in March of this year. That is really totally unacceptable and unprofessional. It is indicative of sort of trash Crowdcube promote - daily.
Failing to open any units bar its first, is not great news for investors after 3 years but it's not the end of the world if there are good reasons. Failing to carry out your duties as a founding director of the company is simply unforgivable when you have taken people's money.
Yet another Crowdcube moment.