oh, ignore me, I am bad at research. Andersen were literally in administration, so shareholders will get nothing: https://www.fleetnews.co.uk/news/latest-fleet-news/electric-fleet-news/2022/10/14/andersen-ev-ceses-trading
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Shareholder investors sold down the river.
You have to be so careful with start-ups.
My concern with Anderson was that they were going after a fairly small niche - good-looking car chargers. Iām glad I gave it a swerve obviously but disappointed that others will have been left high and dry. Early stage investing is a risky business
I didnāt invest either which is good but the trouble is these EV charger companies need a wider product range.
For example, myengergi have diversified into wider areas of greener products through their Zappi, harvi, eddi and now libbi range with app interface for joining the products.
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Dear Mohammed
Many thanks for your email.
EVIOS Plc acquired just the assets of Andersen EV after it went into administration, so unfortunately any prior shares that you had in Muller EV Limited would not have been carried over with the acquisition.
For further information, weād recommend contacting the administrators who handled the transaction using their email:MullerEV@interpathadvisory.com.
Kind regards,
Karen
Thats me Ā£5000 down the swanny,you win some(freetrade) you lose some!
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Unless its realized profit, nothing is a winā¦ thats my learning of 2020-21 bull run 
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Munchfit going under.
The Company is to be wound up voluntarily and placed into Creditorsā Voluntary Liquidation (āCVLā). The proposed Joint Liquidators are Elias Paourou and Brian Burke, both of Quantuma Advisory Limited (the āJoint Liquidatorsā).
I think they had a fund raise on Seedrs in June 2022ā¦but I am not sure if this was completedā¦if to did it seems very quick to go underā¦something doesnāt appear right. I only had a small amount invested when they Crowdcube fund raised in 2021.
Appears that the Munchfit campaign on Seedrs didnāt run: MunchFit | EIS Crowdfunding Opportunity | Seedrs
The campaign was set up very recently ā June (after economic sentiment shifted) ā so it seems quite likely that they were unable to secure the pre-campaign funding that Seedrs recommend and so the campaign was canceled ā since the likelihood of raising Ā£700k from the crowd is, essentially, nil.
Given that their customer demand isnāt particularly resilient in hard economic times (luxury fitness food is the first thing to go from a strained budget) and the increase in the cost of their inputs (food costs are going up a lot) it seems very plausible that they arenāt in a position to survive right now. I donāt think any wrongdoing is necessary to explain their downfall: theyāre just not a company that can survive in strained economic times.
Interested on your thoughts about Freetrade, do you think will reach the unicorn status?
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I do. But unicorn status two years ago is not unicorn status now or next year, valuations are and will remain for a while significantly depressed.
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A unicorn is a company valued at $1bn. This doesnāt change.
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Correct. To clarify, I mean it will not be as easy to get to that status. Companies that achieved unicorn status last year, probably are no longer unicorn status. The threshold does not change (1bn).
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No doubt whatsoever, I think the following saying should be freetrades moto ā It does not matter how slowly you go as long as you do not stop.ā When all is said and done and the slow progress has been excruciating BUT the foundations are/will be strong EVENTUALLY. Freetrade have a tremendous reputation where people feel safe and confident with their assests and that alone will be enough for Freetrade to be a massive success,unfortunately not in 2023 but more likely the IPO will be in 2024/25 and yes they will easily be a unicorn when that happens!
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We are entering the season to be jolly and on that note: whether some unlisted company is likely to be a unicorn or not might tease itself into a list of parlour games. On the other hand, it, for most people, wouldnāt be a very entertaining/jolly game so maybe it wouldnāt make itself into a top ten game.
On a more serious note, I would consider what areas VCās are interested in at the moment when thinking about what high risk investments might pan out over the next decade (e.g. is it consumer finance or is it clean energy etc). It is quite important to understand this. The reason I say this is one canāt look at a business in isolation - it needs to be viewed in the context of several things including the nature of the industry segment it is in, the prevalent macroeconomic conditions (e.g. interest rates, QE etc) and general outlook/sentiment including what the investment themes of the era are.
Any number of businesses - crowd funded or not - might be well run businesses producing the goods, satisfying customers but will not make the Unicorn cut. One word of caution about VCās - never make the assumption that VC funding is equal to some sort of (near) guarantee. That is not the way VCs work. VCs have portfolios, they look at investments in terms of their portfolios. BTW, what do I mean by the Unicorn cut? The way I look at it: it is all about how much someone else will pay for the business after my investment. So if someoneās internal metrics are x5 and they put in Ā£10 million and someone calls them up saying they will buy the business for Ā£50 million ā¦ they are likely to sell (unless they now believe that someone will pay more than x5). No unicorn in this case: but the VC made her money five times over. I know some people here get excited by āthis valuationā or āthat valuationā, for me, personally, it is junk. The only thing that matters is how much someone else will pay for it.
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Does anyone know if we would be able to request tax relief for 22/23 on the money invested in Muller EV? What is the process?
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Once the business went into administration your shares became āworthlessā.
Whatever debts Muller owed, its creditors would need to be paid first. Retailer investors are always last unfortunately and thats if thereās any money left which is highly unlikely so you could probably say goodbye to your investment.
I havenāt invested in Andersen so donāt know if theres been undates to investors. @MohammedMohammed might know.
Beside EVIOS now own the business but you donāt get shares in EVIOS.
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If it was an EIS investment, you can offset the loss against income tax or capital gains tax, whichever is better for your circumstances. I did it a few years ago for a failed crowdfunding company.
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Online estate agency Doorsteps has gone into liquidation as market conditions falter further** . Online estate agency Doorsteps has gone into liquidation as market conditions falter further. Doorsteps told The Neg: āWe are in the process of liquidatingā¦
After I got burned badly by another estate agent, I decided to restrict my investment to other ones. Still lost a bit but could have been much worse.