Sunday, 22 July 2018

Enclothed sold to The Chapar (?) and shareholders left in the dark. Another Crowdcube facilitated mess.


Enclothed raised £400k on Crowdcube and then failed in another raise on Seedrs - after we had pointed out some very odd goings on, on here. Now they have been taken over by another Crowdcube funded company, The Chapar. Enclothed shareholders have been told nothing. 

UPDATE 23 July 18 - A 100% reliable source tells us the following - Enclothed is in administration and will be liquidated with no money going to shareholders. Substantial secured and unsecured creditors will also lose out - numbers being worked on. The deal with The Chapar is not concluded and is now in doubt. From our perspective, these two girlies were cluelss rich kids, playing at being entrepreneurs. Which is fine with their own cash. But the gate keepers here ie Crowdcube - let them loose on the public and the result was inevitable. Crowdcube yet again to blame. Time for change. CH filings are not working - the only clue to this administration is the change of address.


In what is becoming a routine outcome for Crowdcube investors, they are the last to know what has happened to their investment. We wrote about Enclothed here when they attempted to raise more cash on Seedrs.

This deal may yet be a good one for investors in Enclothed. The company is still active according to CH. There is little evidence of the sale apart from what we hear and this article which has little detail


The company's SM and website are down. 

The Chapar has large backers, including the once successful Will Hobhouse of Whittard fame. Mind you the outcome there wasnt great. 

Any news please get in touch.


2 comments:

  1. Hi Rob, I am a share holder in Enclothed and would like to hear from you if you get info. If a sale is agreed then we should of been told something. There was a big lack of information from Enclothed for the last year and quite a few times I sent emails to the founding partners but got no response. Stephen

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  2. Hi - sorry to tell that I have it from the horses mouth that there will no sale as far as shareholders are concerned. Any cash derived from the sale of any assets by the administrator, will go to secured creditors. Big mess. But typical Crowdcube result.Sorry for your loss. You should have heard or be about to hear from the administrators.

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