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Thursday 28 March 2019

Spring normally brings a Chirp or two - not this year.



Chirp have filed what shareholders who invested via Crowdcube and Angels Den, must consider disappointing results for YE June18. A loss of £1.59m against a projected profit. 


It is not unusual for start ups to miss their projections but with equity crowdfuding it has become guaranteed. Which is not sensible. 

Chirp are just one example. With losses now amounting to over £4.1m to June18, readers will not be surprised to see that this is not what they planned when they sold their equity on Crowdcube and Angels Den. YE June18 had a substantial projected net profit with balance sheet losses of only £1.5m. 

Spring is full of optimism - so here is hoping that they can turn this around. No one wants it to go tits up. 

2 comments:

  1. Bottleshop is on its way to liquidation:

    https://www.crowdcube.com/companies/the-bottle-shop/pitches/bPW11Z/discussions/lON5Vq

    ReplyDelete
  2. Aye - another one. We have been waiting for the Liqs report but it does look like creditors have been roasted on this.

    ReplyDelete