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Monday, 29 October 2018

Hab Housing hit hard times

Hab Housing is one of Crowdcube's Gems. They raised £1.97m from 640 investors in 2013. Now they are pivoting again and have brought in a London based property fund for ballast. Losses have replaced any promised profits. 

As Kevin McCloud continues with his excellent TV career, his business Hab Housing has not seen the same success. Recent delays in the two major projects in Winchester and Oxford and what appears to be a major reorganising of the core staff at Hab Housing, have led to 2017 losses rather than profits - filing still to be completed and is late. There are no details about what has been given away to encourage the fund's support. 

According to the company communications, all now looks good for the future but then that's what they said in 2013 and in more recent updates. Challenging times ahead I think. 

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