Two Heads Beer puts its Beer Boutique into Liquidation. It funded on Crowdcube valued at £2m less than a year ago.

332 Crowdcube investors put in £375k in the Summer of 2018. Now the founders have told them that The Beer Boutique Ltd - part of the group with 3 stores, is closing down via a CVL.

I dont suppose many of us are surprised. 

The speed of the collapse is a little shocking given the valuation just 10 months ago. And the reasons given are, to be honest, pathetic. But the upside is that they hope by off loading this loss making part of the business, they will be able to rescue the rest. I dont remember it being a loss making part in the business plan. 

I wouldnt be holding my breath given the horlicks they have made of this whole business so far.