Saturday, 13 February 2016
Yet another Crowdcube pitch has incorrect historic accounts
This appeared today in Crowdfunf Insider, which is rapidly becoming Crowdcube's number one apologist.
Beara Beara published actual (historic) accounts data for 2014 in their Crowdcube pitch which raised over £200k in 2015.
The 2014 accounts in the pitch, clearly marked as 'actual', showed a profit of over £70k.
The real accounts, lodged with CH well after the Crowdcube pitch had successfully closed, showed profits of only £25k. The balance sheet was depleted by the same difference.
Why is not possible for the Crowdcube DD department to get something right? What level of moron are they employing? How many times have we said this?
The ECF industry needs these errors and quite frankly openly corrupt dealings to cease, before it is too late.