Friday, 4 January 2019

Albion Tea trading as Brew packs it in and closes down losing Crowdcube investors another £180k

Brew raised £180k in September 2015. It opened its only unit for just 5 months and has taken until now to be closed down. And you wonder why the failure rate is so low.  Brew was a shambles if you are going to be generous. 

Brew has the doubtful honour of being Crowdcube's first 2019 failure. Well actually it closed over a year ago but if directors do not take their responsibilities seriously and leave it up to HMRC to clear up their mess, then this all takes time. No doubt the directors will be making up some success story for their Linkedin page. 

Yet more evidence that investors in Equity Crowdfunding need our new service ECF Buzz - you can take a look at it here  - it will be the one stop website for all the information you need to make better informed investment decisions and hopefully avoid this type of mess. 

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