Absolute Bedlam as brewer's numbers yet again prove Crowdcube projections are nonsense.

Bedlam Brewery makes great beer. They raised £515k in 2016 on Crowdcube. Now they are back looking for another £800k. Claims of success do not tally with our numbers. 

In 2016 Bedlam made various projections on revenues. Well lets just say that now we are in 2019, we can see very clearly that they have missed these by a long way. Readers here know this is a familiar story. 

Yet in their current pitch on Crowdcube there is no mention of this shortfall. They simply state that the CAGR is plus 41% over the last 3 years. As we keep on saying an increase of CAGR from a tiny base is of no use whatsoever. CAGR should be banned. In this instance the use of it to extrapolate the next 3 years growth is farcical. 

You may decide that the perks and beer are worth supporting and we wouldnt argue with that. But for goodness sake guys be a little more honest with your investors and drinkers. You have promised Bob Beamon and delivered Felicity Kendal. The reason for this latest round is pretty simple - you need cash as the sales are so far short of your plans that they haven't produced enough. 

At the very least investors should be asking why the company has delivered such small revenues on the back of a £500k plus investment? Are the next three years projections sensible and will cash run out again. There was no mention in 2016 of a new raise of another £800k 3 years later. 

Investden claims to have raised money for Bedlam Brewery are false?

An FCA regulated equity crowdfunding platform has claimed to have raised over £250k for Bedlam Brewery. Bedlam Brewery deny this. 

Bedlam are currently on Crowdcube raising £330k. We posted an article on them recently stating that they had raised money on Investden and showing how the projections used then had been missed by several fairways.

To refute this, Bedlam have posted a response on the CC pitch forum stating that they have never raised money on Investden and have asked them to remove the claim - with no response. You can see the Investden claim here

Someone is lying. 

Investden are FCA regulated via a proxy arrangement with Clasp Investments, who own and run the platform. If they are promoting false information - the link above clearly states they raised the money from 87 investors for Bedlam, then action must be taken. Of course it wont, but it must be.   

Pure Bedlam

Bedlam Brewery are back - on Crowdcube this time - Hurrah!

Mind you, you wouldnt know that they raised over £200k on Investden only last year - because for some reason Crowdcube fail to mention it.

According to the Investden pitch, the revenue for 2015 was forecasted at £519k, which is great. And whats more impressive is that they projectd growth for 2016 of over 100%.  The real revenue delivered by Bedlam was £187k for 2015 and £360k projected now for 2016, which isnt quite so great.

So why, you have to ask, isnt this pertinent information made available to potential investors on Crowdcube? We have absolutely no idea but we are pretty sure Crowdcube do.