Monday, 28 December 2015
Crowdcube 'success' Wild Trail files for closure
As we predicted Wild Trail is closing -
On 29 December 2015 the company filed at CH for closure. The final accounts showed further losses and we assume the cash has run out. The fact that today is the 28 December helps to illustrate what we have said for a while, CH information is not accurate.
Crowdcube of course will put this down to survival of the fittest.
It would help however if they could try to publish pitches that had some chance of lasting more than 3 years before investors, 143 of them here, lose all their money. Some control over the ridiculous projections would not go amiss. Wild Trail's Crowdcube projections showed an impressive £4m turnover and £500k profit for 2015.
We are sure the NY will bring a healthy crop of new fantasies.
Happy Christmas to you all!