Silkfred is doing well, according to the company, who contacted us the last time we wrote them. Accounts just filed for YE Dec17 show losses of £2.73m up from the previous year's £2.54m. It's a long play.
The company is expecting a new round of funding giving them another £2.3m in cash. This has not been field at CH as of today. That of course does not mean it hasnt or will not happen.
What must be slightly disappointing for SHs, who have put in a considerble sum, is that recent comments from the company said they were continuing to see a fall in Ebitda losses. The YE results seem to contradict this.
We did ask them to comment.
We did ask them to comment.
As we said it's long haul flight this one.
Hi, I believe Silkfred raised only 120k from CC in 2013, how can they lose 5 million over the last 2 years alone and not go bust?
ReplyDeleteWho is keeping them alive financially?
Any idea?
They have raised a total of £9.6m from various sources. Apparently more in the pipeline.
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