Thursday, 15 October 2015

Beerbods report losses.


Beerbods raised £150k on Crowdcube in 2014 - we think.

We are hesitant because the AR for the investment vehicle Drink Beta Ltd, which owns 100% of Beerbods Ltd, has no shareholders listed apart from the CEO. A 'group' shareholding is listed.

Anyway Crowdcube think they helped fund this company so lets assume they did. It projected a profit for YE May 2015 but made a loss - albeit a small one. What is more curious is the way the subsidiary company owes Drink Beta £140k but has no money to pay this. It is technically insolvent.

All totally transparent and legal as usual. We expect them to be back on CC shortly. Cheers.

No comments:

Post a Comment