Grind &Co, the coffee expert food chain, have done well on Crowdcube. They first raised a £1.3m, 4 year bond and then another £1.9m in equity funding, from 1200 Crowdcube investors. The bond is due for repayment this July. So far they have missed their aspirations by someway.
Clearly repayment of the bond in July might be an issue. Another cash injection at the end of 2018 may help but not if losses since April 18 have been at the same levels as 2016 and 2017. The accounts show some interesting debtor numbers. It will certainly tighten future grinds more than a little.