Monday, 12 February 2018

Amidst the doom and gloom we have a good news story from Thailand.

SOM SAA is a Thai restaurant that raised £700k on Crowdcube at the end of 2015. Now at the beginning of 2018 it is going strong, receiving rave reviews and delivering what it promised.

How investors will see a return is a mute point but at least these guys stated in their pitch that they had no intention to roll this out until after the founding restaurant was well established. They have not been forced to return for more capital like nearly all the other trading Crowdcube successes - so investors have not been diluted. How refreshing it that?

YE April 17 accounts show profits of £128k which whilst slightly below the projections, are real profits.


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