Evidence does suggest that Crowdcube funded businesses dont do very well. All of these 91 and these exclude the 80 plus failures, were funded before the start of 2017. So they have had the money for 2 years.
The one and only good news story is a company we have backed for a while - a London based restaurant that has not scaled. It remains a one unit business and it now makes an annual net profit of £500k. The Clove Club is a real business success. Why cant Crowdcube manage to get more of this type of success on board?
Of course there are a number of companies that are late or very late with their filings so there is still ahem........hope - ??
As we dont like others who choose to screw stats to make their point, we didnt include Monzo in this analysis. Their recently filed accounts for YE Feb18 showed losses of £30m. I'm pretty sure that had the analysis been 100% reversed and CC were PRinging it, they would have included this figure taking the total profit (in their fantasy world) to over £77m. They cant help themselves - but it really doesnt help anyone else.