Glass half full or half empty, you still need to make a business deliver. Seven Bros Brewery on the merry bandwagon of the craft ale explosion, persuaded Crowdcube investors to part with £200k in 2016. The first real results since, show the company is either way off track or has taken a different line.
Its a familiar tale but not one we ever make up. This brewery showed investors a 5 times increase in turnover from 16 to 17, resulting in a handsome profit for 17 of £260k. These accounts show a loss of £60k fro the year, with a low level of activity.
Sales have to pick up or more money will be requested. This sector sure is getting crowded!