MyShowcase - did anyone else on here invest in this via Crowdcube in 2017?
Thanks
Yes. Another loss on the board. Ceased trading in 2020.
Still shows as active on the crowdcube dashboard. Apart from the email from Crowdcube in 2020 (3 years plus one day since the investmant) stating they were closing down, have not seen anything on Companies House to confirm that - will do some more research. If it was 2020, it is too late to claim the loss relief.
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Hello,
We are reaching out as you hold shares in Good Clubs Limited (âDizzieâ or the âCompanyâ) (Company Number: 10525309), held on your behalf by Crowdcube Nominees Limited (âCrowdcube Nomineesâ).
We have been informed by the Company that due to an inability to secure further investment, Dizzie ceased trading as of 14th October 2024.
Below is a message from the Companyâs founder, providing additional context:
We are writing to share the news that Dizzie (Good Clubs Ltd) was unable to secure the funding it needed to continue operations, and has now ceased to trade. Despite efforts to find a new owner, the business is now entering a formal liquidation process.
We are very frustrated that we have not been able to continue our work. It is a deep regret that we have been unable to deliver a return on your investment.
We are profoundly grateful for the support and advice we have received from you and all our investors over the past five years. Many of you have shown unwavering belief in our mission to address packaging waste in groceries.
We believe we have laid much of the groundwork for a scalable, reusable packaging solution, processing over 3 million units for national grocers and reaching over 1 million households. Our work on packaging, asset tracking, and cleaning has helped build the strategic insights needed to advance in this emerging category.
Our experiences reaffirm our belief that reusable packaging holds significant potential for the food and drink industry to reduce environmental impact while offering cost savings. We have seen success with partners like Abel & Cole, who achieved substantial commercial success with their reuse range. Our vision of a standardized, efficient packaging pooling solution remains viable.
Moving forward, progress will depend on collaboration and conviction: policymakers must address the costs of single-use packaging, while industry players need to support the infrastructure essential for a sustainable reuse model.
We have posted some of our thoughts on the businessâs journey here. This is in the hope that we might positively influence work still going on in this sphere.
If you have any questions or would like to discuss this further, please feel free to reach out.
Thank you again for your incredible support.
Best wishes,
The Dizzie Team
Crowdcube will continue to monitor this process and keep you informed of any significant developments. We will be in touch again with more details on potential returns and implications for investors such as loss relief in due course.
If you have any questions, please contact our support team at support@crowdcube.com .
Listerâs Brewery
Investor Update
First and foremost, we want to apologize for the lack of updates over the past year.
Unfortunately, the last year hasnât unfolded as we had all hoped after our most recent
crowdfunding round.
Business Overview
Following our last round, we experienced a significant increase in sales. Combined with several
lucrative contract brewing accounts, we were on track to achieve monthly revenues of ÂŁ70K to
ÂŁ80K, which could have led to profitability. Despite being undercapitalized, Listerâs managed to
achieve a ÂŁ450K annual revenue with national distribution, all on a total of ÂŁ370K raised across
three crowdfunding rounds, all post-COVID. To put this into perspective, many breweries often
spend between ÂŁ250K and ÂŁ1 million just to get started.
Financial Struggles and Operational Challenges
To raise new funds through Crowdcube in a private round, we needed a minimum of ÂŁ100K in
seed funds to kickstart the campaign. The local enterprise group required us to raise ÂŁ100K
through equity investment before they would provide a loan. All potential avenues for raising
more investment require funds to already have been secured from elsewhere.
Throughout the summer and the end of 2023, we struggled with beer shortages and missed out
on contract brewing opportunities. By mid-March 2024, we sold so much beer that our stock
was nearly depleted. Without the necessary cash flow to replenish ingredients and increase
beer production, we knew we wouldnât be able to produce any beer for the next two weeks,
leaving us with nothing to sell.
With the business not yet profitable and no financing available to cover cash flow issuesâ
despite the sales team performing exceptionally wellâwe found ourselves in an unwinnable
situation. Behind on rent and unable to continue operations, we made the difficult decision to
cease brewing.
Impact on the Team
It was incredibly challenging to inform our staff that they no longer had jobs, especially when
they could see how much beer was being sold and how many new accounts were being opened.
Our talented team has since moved on to other breweries, where they are now driving
significant sales and expanding distribution.
Looking Ahead
Listerâs beers are now being brewed and distributed, essentially under licence, by another
brewery which pays for that right to do so. The company owes HMRC and a few small lenders
but otherwise has relatively little debt.
Listerâs has always been more than just a place that produces beer; itâs a company that has
focused on building strong sales and distribution channels. While we still have the potential to
add ÂŁ500K to ÂŁ1 million in sales to another brewery with national distribution and a high-margin,
on-trade model, achieving this will require both motivation and capital.
Thank you for your continued support and understanding during this challenging time. We will
keep you informed of any further developments.
The Listerâs Team
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Pedal Me
What a joke. They lose the first money, pre package and want more money! They should offer free shares rather than this.
You have received this update because you are an investor in Bike Taxi Limited (referred to as the âPedal Meâ or the âCompanyâ) (Company Number:10595064) and your shares are held on your behalf by Crowdcube Nominees Limited (âCrowdcube Nomineesâ).
We are following up on our email on 28 October 2024 regarding the pre-pack administration sale of the Company and whether or not existing investors would be offered shares in the new company.
The Company has confirmed that existing shareholders will have the opportunity to buy into the new entity at the same rate as any seed investors. We understand that the minimum amount to invest is ÂŁ4,000. The offer is open to former shareholders of Bike Taxi until 31 December 2024. For further information regarding the funding round, including the share price, please contact the Company.
You should have received an update directly from the Company on 13 November 2024 for further information on the offer. Weâve re-attached it in case you missed it.
Please note that you will be investing directly in the new company and your shares will not be held under the Crowdcube Nominee structure; therefore, the rights and protections afforded to you under our terms will not apply.
If you would like to invest or have any further questions, please contact ben@pedalme.co.uk
If you have any other questions, you can contact us by emailing: support@crowdcube.com.
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Looks like today is Crowdcubeâs day for sending out such emails.
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Wow!
Project D are closing down
Circa5000 wounding down⌠I didnât invest in it, but criminal such a short time after raising capital:
Please see the attached update from CIRCA5000 LTD.
The Company has informed us that the Company will be wound down in a solvent position but they do not expect to be able to make any distributions to shareholders once all creditors are fully settled.
We understand this may be disappointing news but we are in communications with the Company and will continue to update investors when appropriate.
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Another one:
Aura Fertility - Liquidation
You have received this update because you are an investor in Aura Fertility Limited (referred to as âAuraâ or the âCompanyâ) (Company Number: 12334967)
Further to our update in December 2023, regarding the asset sale and subsequent liquidation of the Company, please be advised that the Company has passed shareholder written resolutions (âWritten Resolutionsâ) to wind up the company and appoint a liquidator.
The Written Resolutions passed and a liquidator was appointed on 27/11/2024. The Company has been placed into a Members Voluntary Liquidation by the appointed insolvency practitioner, Glyn Mummery and Julie Humphrey of FRP Advisory (the âJoint Liquidatorsâ).
Shareholders / members are the last class of creditor to receive a distribution and they will only receive a distribution after everyone else has been paid in full. Unfortunately, therefore, we understand that it is unlikely that shareholders will receive a distribution as part of the liquidation process; however, Crowdcube will continue to monitor the liquidation and keep investors informed where appropriate.
We cannot advise on whether or not EIS loss relief is available until we are aware of the payout to investors. We will update in due course when we hear more. Loss relief can be claimed on the difference between your initial investment and the return that you receive, provided that return is lower than the initial outlay.
If you have any questions, you can contact us by emailing: support@crowdcube.com
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Circa5000 wounding down⌠I didnât invest in it, but criminal such a short time after raising capital:
I almost invested in Circa5000 but was put off investing by their replies to potential investors. I started to make a list of companies I had not invested in and made this note about Circa5000 âNo replies to difficult questions, rude and very dismissive.â
I think being dismissive or failing to answer investors questions is massive red flag and one of the most obvious signs that a company is already in trouble when raising funds.
Sorry to any of you who did invest.
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Forgive me it has been a while - yes.
Tred - not updated investors yet, but looks ominousâŚ
At Tred, our mission has always been to make money work for people and the planet. Over the years, weâve been incredibly proud to help businesses like yours make greener choices.
We have always put our customers first and protecting your business is our number one priority. Recent regulatory changes in the UK have fundamentally altered the way Tred has to operate.
To keep your money safe and business running smoothly, weâve made the difficult decision to close all our current accounts. You will need to transfer all of your funds (via our app) out of your Tred account, to an account of your choice, as soon as possible, but no later than the 31st January, after which you can still access your funds but will need to speak directly to Weavr by emailing, support@weavr.io.
What is the new regulation?
New rules around Authorised Push Payment (APP) fraud reimbursement require your financial provider, like Tred, to refund the money taken by scammers. Tred is a growing business, but these changes mean there is a risk to you and all our customers that we do not have the liquidity to cover these reimbursements.
What does this mean for my account?
Your Tred business account and app will remain active, and we will be providing support, until the 31st Jan. You should transfer all funds to another account. After that date, the management of your account will be handed over to Weavr, and any remaining funds will be managed by Weavr who will return your funds.
Hereâs what you need to do to get your funds back
- Transfer your balance: We recommend transferring or spending as much of your balance as possible before the 31st Jan.
- Submit any disputes as soon as possible so we can resolve them before your account is closed. If there are any outstanding issues at the time of closure (e.g., a pending refund), weâll continue working with you to resolve them after closure.
Why is this happening?
APP fraud is when individuals or businesses are tricked into authorising a payment to a scammer. Under new UK regulations, financial providers like Tred are required to reimburse affected individuals or businesses, with liabilities capped at ÂŁ85,000 per claim.
These rules aim to protect businesses and consumers, we believe itâs in our customerâs best interest to move to a larger, well-capitalised banks that can handle these changes, but as a small team, we donât have the resources to absorb this liability or grow under these new conditions.
How to get your full Bank Statement
You have received monthly bank statements from hello@tred.earth, if you require any further statements please raise a support request with support@weavr.io.
Thank you
While this marks the end of Tred accounts for now, weâve loved getting to know you, your business. We cannot thank you enough for joining our journey and we realise that this isnât the best news. Weâre proud of what weâve built and would love to keep in touch.
Peter and I are hand to help you through this transition. If you have any questions, please reply to this email, and weâll be happy to assist.
Thank you for being part of Tred and supporting our mission.
Thanks,
Will and Pete
Co-Founders of Tred
Ah
OhâŚ
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Freetrade.
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Thatâs not a straightforward sale! Iâm surprised with the low valuation, but there we go. An excellent acquisition for IG Group.
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Who honestly thought FT itself would end up in here? Genuinely shocked at this outcome having 1st invested in 2017
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I donât think they are in here, this is companies that have gone bust. The valuation was disappointing, but some of us early investors made a profit and the company still exists
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