Just months ago, NI's Skunk Works Surf Co persuaded 396 Crowdcube investors to part with over £370k, based on plans to take the world by storm with their new boards. Now they have filed for administration with HNH Partners.
Their website is down and they have not responded to our phone calls or emails.
This is from their prospectus, on the Crowdcube site -
So if you want to join a young, vibrant and exciting company revolutionising the surfing industry....
Invest as much as you like.
Don't miss out... sign up to our newsletter via the website and be the first to know how we are getting on.
If you are a UK taxpayer, your investment will be eligible for EIS (up to 30% tax relief on your investment).
Help us make this a social enterprise that everyone wants to talk about... tell your friends, tell your family, tell the dog!
The Crowdcube video is here. It is hard to watch this and then comprehend that the company, due to X3 its turnover in 2018, has now sunk.
This is from their prospectus, on the Crowdcube site -
So if you want to join a young, vibrant and exciting company revolutionising the surfing industry....
Invest as much as you like.
Don't miss out... sign up to our newsletter via the website and be the first to know how we are getting on.
If you are a UK taxpayer, your investment will be eligible for EIS (up to 30% tax relief on your investment).
Help us make this a social enterprise that everyone wants to talk about... tell your friends, tell your family, tell the dog!
The Crowdcube video is here. It is hard to watch this and then comprehend that the company, due to X3 its turnover in 2018, has now sunk.
This was expansion capital - the company had been trading for 3 years. They had a 16,000 sq ft factory with 14 staff. Well that was the story.
They came second in the 2015 Pitch to Rich Branson fiasco event - which really should have told investors to stay clear. Branson or his Virgin Start Up brand have a lot to answer for. Even entering is a sign of a seriously poor business.
Following closely on the Emoov scandal, the only news on the Crowdcube site is about the £20m raise by Monzo. Says all you need to know.
They came second in the 2015 Pitch to Rich Branson fiasco event - which really should have told investors to stay clear. Branson or his Virgin Start Up brand have a lot to answer for. Even entering is a sign of a seriously poor business.
Following closely on the Emoov scandal, the only news on the Crowdcube site is about the £20m raise by Monzo. Says all you need to know.
Of course most of this could have been avoided if we had had ECFBuzz up and running. Still in over funding on Indiegogo here
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