Welcome to Celtic Unreliables
Keeping shareholders up to date.
This site is an unofficial shareholder website provided for the smaller shareholders who have invested in Celtic Renewables through crowdfunding only to be completely ignored and treated with contempt by the board ever since.
Over five years since the first Crowdcube fundraising and a year since the last one, we barely hear a word. It feels as though they are happy to receive our money but then have no interest in keeping us up to date.
Celtic Renewables are obliged by Crowdcube to write to us using the Crowdcube platform at least every 4 months. This is not happening.
Our commitment to you.
The updates that we receive as shareholders are random, full of errors, economic with the truth and full of inonsistencies.
Most of the news that's not included on the official site takes the form of posts on LinkedIn. But even these provide no updates about matters discussed in previous newsletters. In other words, the story goes cold.
Our commitment to you is to share with you any information we find online about the company that helps build an understanding of the progress it is making, and to try to provide some interpretation.
Latest news
No news since September 2025
7 April 2024
Unfortunately, the board of Celtic Renewables has treated us once more with complete and utter contempt.
They are required by Crowdcube to update their shareholders on that platform no less than once a quarter. The last time they did this was in September, so we are due 2 more updates.
You could say we were updated when they asked for yet more cash in November and were met with a distinct 'no'. Hardly surprising that the company missed its Crowdfunding target by around 2m.
What is more unbelievable, if that could be said, is that when they went begging to the Abundance shareholders in the autumn to defer the debt interest, during the question and answer section one of the shareholders asked if they could be provided with more frequent updates. To which Mark Simmers gave a patronising promise - 'yes, we should do better'.
The Abundance shareholders did receive a communication in the new year - and quite correctly, as they had saved the company - to update them on the progress of the funding for the new plants and the failed crowdfunding. Of course, everything was hunky dory. We have a runway and inflection points, and graphs showing how 3 (or maybe 4 because they haven't decided yet) plants will all kick in with a full year's turnover in 2028. But for the rest of of us mere ordinary shareholders it's going a bit Brew Dog.
Meanwhile, this website is welcoming growing numbers of visitors even outside of fundraising windows. Thank you for your mails and requests for updates.
What's more, the site is ranking very well on search engines (where you go when the board of directors ignore you):
#1 position for searches for 'Celtic Renewables shareholders'
#2 position for 'Celtic Renewables reporting' (Companies House)
#3 position for 'Celtic Renewables' .
Tick, tock
19 March 2026
Happy 2026
23 January 2026.
Wishing everyone a happy, peaceful and prosperous 2026.
This year will truly be a pivotal year for Celtic Renewables and its shareholders in three key areas:
- The pilot site will really have to prove itself as until now it has failed to live up to expectations
- Key funding of £120m by mid year on order to fund 3 new full scale plants -three quarters of that is for the plants, and the other £30m for general working capital too fund day to day operations, and to ay back the Abundance Shareholders in September next year.
- The filling of the £2.5m funding hole that the last crowdfund failed to achieve, leaving the company around 6 months' short of funding this year.
Outwardly the directors remain bullish and the company is currently recruiting.
Last year we received just 2 news updates. With so much to watch this year, let's hope we will hear from the Board soon!
This is how other start-ups seeking to win over new shareholders communicate.
They film videos and they host webinars to existing and potential customers in three different languages.
Contrast, if you will, the presumptuous ' approach' taken by Celtic Renewables to this latest fundraising - bang out an email a couple of days before - to that taken by European Sleepers, are who currently running a funding round.
They provide a short film of the founder taking you around the business - and then invite you to one of three webinars (English, French or German), so that existing and potential new shareholders can speak to him themselves. By the way, it's still open and 75% on target, with the minimum investment being 280 euros.
Two companies in the circular economy where private individuals are looking to invest. One engaged with its shareholders, the other not.
Board takes us for muppets again.
19 November.
Yesterday the Board announced another crowdfunding to plug the finance hole until next year Expect a target of between £6m and £10m needed to top up a loan granted earlier this year. This should allow the intervening plan to raise significant capital for the new plants in Grangemouth and elsewhere.
There have been only two updates this year. Contemptuous assumption they could just tap us again.
The timing, just before Christmas, couldn't be worse. They're either detached from reality or desperate.
Abundance shareholders vote to save the company.
The Abundance debenture holders voted 76.7% in favour and 2.9% against deferring the interest due on the shares to 30 September 2027. Interest amount owed will continue to accrue interest at 9.% per annum.
Strategic partnership announced.
Celtic Renewables and Enzyme Supplies announce Strategic Partnership to Accelerate Sustainable Green Chemical Production.
'This new strategic collaboration brings together Enzyme Supplies’ cutting-edge enzyme formulations with Celtic Renewables’ award-winning bio-refining process, producing bio-based chemicals from by-products and waste. More
Meeting with Abundance shareholders - 22 September
An online meeting took place on Monday 22 September led by Mark Simmers discuss the deferment of interest due to the Abundance shareholders.
Promotional film promotes 'green' consumer products which will use Celtic Renewables' bio products.
The company has produced a very nice 'film', as they call it, to communicate what they do. It is sort of a business to consumer advert but clearly helps investors better understand the company's role in a circular economy.
