Glass half empty as Crowdcube's Quantock Brewery closes down

Quantock Brewery raised £120k on Crowdcube in 2013 - so they have lasted well by Crowdcube standards. Now they have been forced to close by HMRC - or so they claim.

Recently they had talked about expansion.

The company hopes to be able to sell itself once HMRC have seen the lights are off. 

Most of the directors had already left the building.

We wrote about them here

Founding Director of Quantock Brewery resigns

In amongst all the high level statistics that the Altfi 'Where are they now' report has produced, we think that they have left out the more important indicators.

Quantock Brewery funded via Crowdcube in 2013. Its a good small brewery. But its made increasing losses since 2013 and has now lost 2 of the four directors in its Crowdcube team - the team it exulted as being so important to its future in the Crowdcube pitch. One would be careless...........!

Needless to say, the Crowdcube pitch has the company well into profit by this time and also well into profit last year, when it made another loss.

Is it fair to assume that the resignation recently of one of the founders, Ken Oxley, indicates that things are not going too well? Would he leave if we were about to see record profits? If anyone has information that sheds better light on this  - then please get in touch.

You can get this information here, because we bother to do the hard yards to find it for you. High level percentages often based on tainted information produced by the ECF platforms themselves will get you nowhere. 

This is as good as news gets for Crowdcube investors

Quantock Brewery have just filed their accounts for YE February 2015.

In 2013 they raised over £120k on the Crowdcube platform. To be fair to Quantock they offered a deal you would never see on the Crowdcube platform now - £100k investment for 48% of the company.

Their ambitions were also far too sensible for the platform, with projections showing a small profit for this last year and steady rather than stella progress.

Well whilst the loss for 2014/15 is again by Crowdcube standards a small one, it is another loss and now the bottom line is in the red.

We suppose that at some stage in the very distant future the 130 investors might see some of their original investment back or then again probably not.

One interesting feature in what was otherwise a strangely sensible 2013 Crowdcube pitch, was the statement that investors would get dividends from free cash before the exit in 3 years time.

Ho Humm - aren't mirages wonderful to look at.