Gripit fixings investment

born_again

Clare43 said:

jimjames said:

Not very easy to find info on them, CH doesn't show anything of that name but it looks like the company was called something different

https://inquesta.co.uk/blog/wiseglass-appointed-supervisor-dragons-den-investment/

I wonder if they've been sold as the info on website refers to Charlesbentley.com. The products are still available by the looks of it but it might be that shareholders lost their investment in the restructure.

Company info here
https://find-and-update.company-information.service.gov.uk/company/06637395/filing-history

Last update investors received was October 2022. There’s never been any mention of Charles Bentley and restructure and shareholders loosing investments.  Surely we would’ve been told ?  In the last update was still talking about new distribution etc and sale of company minimum 2 years away 

https://www.lovebusinesseastmidlands.com/love-business-news/2019/11/30/charles-bentley-son-get-to-grips-with-gripit-marxman/

How exactly did you invest in them. Was it when they were crowdfunding the products?

Johnjdc

Their CrowdCube (or ClownCube, in my experience) link goes to this company now: https://find-and-update.company-information.service.gov.uk/company/06637395/filing-history

Suspect investors are totally lost, but given it seems like it was an EIS raise from what I can find, CC really should be keeping them informed so they can claim loss relief.

Clare43

born_again said:

Clare43 said:

jimjames said:

Not very easy to find info on them, CH doesn't show anything of that name but it looks like the company was called something different

https://inquesta.co.uk/blog/wiseglass-appointed-supervisor-dragons-den-investment/

I wonder if they've been sold as the info on website refers to Charlesbentley.com. The products are still available by the looks of it but it might be that shareholders lost their investment in the restructure.

Company info here
https://find-and-update.company-information.service.gov.uk/company/06637395/filing-history

Last update investors received was October 2022. There’s never been any mention of Charles Bentley and restructure and shareholders loosing investments.  Surely we would’ve been told ?  In the last update was still talking about new distribution etc and sale of company minimum 2 years away 

https://www.lovebusinesseastmidlands.com/love-business-news/2019/11/30/charles-bentley-son-get-to-grips-with-gripit-marxman/

How exactly did you invest in them. Was it when they were crowdfunding the products?

Initially back in 2017 I invested with them when they were crowdfunding via a platform called crowdcube.   The company they contacted investors directly after this with another offer of top up investing and I invested again    In 2019 I invested again with another crowdfunding bit via crowdcube     All three of these investments were small amounts         

jimjames

It seems they signed a distribution agreement with Charles Bentley rather than being bought out by them. The company  (UK Building Products Ltd) is still trading after seeing off an attempt to strike off the company but has negative assets so no money for shareholders at the moment.

Clare43

jimjames said:

It seems they signed a distribution agreement with Charles Bentley rather than being bought out by them. The company  (UK Building Products Ltd) is still trading after seeing off an attempt to strike off the company but has negative assets so no money for shareholders at the moment.

Would be nice if they actually bothered to keep investors up to date rather than just going quiet and ignoring all requests for info.   

jimjames

Clare43 said:

jimjames said:

It seems they signed a distribution agreement with Charles Bentley rather than being bought out by them. The company  (UK Building Products Ltd) is still trading after seeing off an attempt to strike off the company but has negative assets so no money for shareholders at the moment.

Would be nice if they actually bothered to keep investors up to date rather than just going quiet and ignoring all requests for info.   

You might want to set up an alert on the company, they've almost been struck off so might happen again

gravel_2

The prior strike off actions seem to relate to late filing of accounts and returns. Companies House takes this step when a company appears like it may no longer be trading. If it happened once or twice you might write it off as an administrative error but here it has happened 5 times since 2021!

Clare43

jimjames said:

Clare43 said:

jimjames said:

It seems they signed a distribution agreement with Charles Bentley rather than being bought out by them. The company  (UK Building Products Ltd) is still trading after seeing off an attempt to strike off the company but has negative assets so no money for shareholders at the moment.

Would be nice if they actually bothered to keep investors up to date rather than just going quiet and ignoring all requests for info.   

You might want to set up an alert on the company, they've almost been struck off so might happen again

How do I do this and what info would I get ? 

gravel_2

Clare43 said:

jimjames said:

Clare43 said:

jimjames said:

It seems they signed a distribution agreement with Charles Bentley rather than being bought out by them. The company  (UK Building Products Ltd) is still trading after seeing off an attempt to strike off the company but has negative assets so no money for shareholders at the moment.

Would be nice if they actually bothered to keep investors up to date rather than just going quiet and ignoring all requests for info.   

You might want to set up an alert on the company, they've almost been struck off so might happen again

How do I do this and what info would I get ? 

You can monitor the company's filings on Companies House by signing up and setting an alert. This is a government website.

You could also set up some Google Alerts.

Clare43

gravel_2 said:

The prior strike off actions seem to relate to late filing of accounts and returns. Companies House takes this step when a company appears like it may no longer be trading. If it happened once or twice you might write it off as an administrative error but here it has happened 5 times since 2021!

So does this basically just mean they’re 💩 at admin and don’t do it unless forced to ?