Tuesday, 29 September 2015

More losses for Escape the City.

Escape the City raised £600k on Crowdcube in 2012, valuing themselves at £2.4m. Since then they have reported accumulated losses of £216k over the two years trading to Dec 2014. At this rate they will be refunding early in 2016.

We thought these guys had an ok business so here's hoping they can turn the corner and make a return for the 400 crowd investors who backed them. It doesnt look likely that it will follow the Crowdcube version of events with an exit predicted 2016/17. We'd love to be wrong.

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