Saturday, 25 July 2015

Some good news

Righteous have just filed accounts to Oct 2014 showing a £67k profit. That is ahead of the second set of projections they used to raise their second round on Crowdcube. That in terms of Crowdcube is close to a miracle.

Although they are a long way from making money for the investors who have funded them to the tune of £250k to date, at a value in 2012 £500k and again in 2013 of £750k, it is at least progress.

We had serious doubts but are delighted to be proved wrong. Luckily for investors, this pitch funded at a time when valuations were more realistic than the stratospheric ones used today on the platform.

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