Lick, a Frozen yogurt brand, took almost £300k off 293 Crowdcube investors in 2015 and then went bust early in 2017. The brand was sold for £20k during the liquidation. The purchaser, unknown to us, is now promoting the successful 'UK brand' in the UAE. Meanwhile creditors and shareholders are left penniless.
You wouldnt think that Lick had failed, to read the PR coming out of the UAE. '...........
after Lick saw huge success and sales across the world.' is how it is described. Huge debts maybe.
Caveat very much Emptor.
Our thanks for the heads up on this one - just shows how powerful collective information can be. Why not take a look at our new initiative and join ECF.buzz where you will be able to get this sort of information from Summer 2019.
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