Holly and Beau Singing in the Rain as it reaches Seedrs target.

Holly and Beau make fun kids rainwear. They raised £80k on Crowdcube in 2015 and had up until now failed to deliver any numbers that made investors want to sing. Now they are completing another small round on Seedrs. 

It is great to see small businesses trying hard. But it would make a lot more sense for all of us if they would be a little more sensible. Holly and Beau should be making many thousands of pounds of net profit by now - this year was supposed to be their third year in profit. As it has turned out they have filed nothing but losses since funding on Crowdcube.

Still with the backing of some 'anon' investors they have now completed on Seedrs. We couldnt find any mention on the Seedrs pitch of the Crowdcube one or the failed targets. Which is a shame; maybe we missed it. Statements telling punters that the revenue has doubled each year are so pointless  - from £1 to £2 is a doubling but it is still pants.

A couple of points here. They say that the patent is still pending. But the stated aim of the 2015 funding was to obtain a US patent. They have a 60% US export market and only sell a tiny fraction of their product in the UK.

Oh well when we have ECF.Buzz up and running, members will be able to instantly reference a company like Holly and Beau, look up their funding and see how they have performed since. Then they can make a sensible investment decision based on the full facts. Non members will continue to fly blind.