Looking for relevant Linkswaps? Look no further!
Powered by MaxBlogPress 

Dragons Den: Series 5, episode 9

A real change from the usual format this week, starting with my usual few minutes of the lovely Nigella Lawson cooking a nice bit of fish in.. urgh! it’s Rick bloomin Stein! Where’s Nigella gone? A large chunk of the Den today was dedicated to some “Where are they now” stories from this series, which in theory is a great idea, as all the investments are still fresh in your mind.

It doesn’t really work that well for “stories” such as Gaming Alerts. Their “where are they now story” was: They’ve met Theo and picked up the cheque. Erm, and that’s it so far… Why not just cut them, and show someone who’s actually done something since the den?

Anyway, we did have a couple of pitches first, kicking off with Tim Lloyd, who was looking for £150,000 for a 40% stake in his “Tidy Tree Sack” piece of cloth to dispose of your real christmas tree without so much mess. Not a bad idea in itself, but the retail price was as much as a tree itself, and that made it a no-go for the dragons.

James Brown and Amanda JonesWe then saw a wide range of board games that didn’t excite the dragons, before Amanda Jones and James Brown (not that one) came up the stairs with ROSS, their reverse-osmosis sanitation system. Designed following a Uni project to investigate problems faced by Water Aid in third world countries, it allows communities to carry water from the nearest source (which is normally a lot closer than the nearest clean source), and it purifies the water as it is pulled along by the turning motion of the wheels. They were looking for a £50,000 investment in return for a 10% stake in the device.

Amanda and James gave a very strong pitch, and dealt with all the questions posed by the dragons very well indeed. Their only potential banana-skin was they didn’t have a working prototype at the time. That didn’t deter James Caan, who had worked in disaster areas like the Kashmir earthquake of 2005, and could instantly see the benefit of quickly sourced clean water. He offered them half the investment, in return for a 10% stake. James’ new buddy Duncan quickly offered to match the offer, so they could have the full £50,000 for a 20% stake. but the three other dragons were still in..

Deborah offered the full £50,000 for a 20% stake, Theo offered the full £50k, but didn’t know what percentage he might like, and finally Peter was also interested, offering them the exact terms they had pitched for - £50,000 for 10%. Theo then engineered a deal whereby all five dragons would invest at that rate, each taking just a 2% stake for £10,000. The deal was done, and Amanda and James walked away with the best deal ever seen in the den - All five dragons, and at the terms initially pitched!

That was the final investment of the series, so let’s have a look at the final investment league table:

  1. Theo Paphitis: 6 investments, £457,500
  2. James Caan: 6 investments, £345,000
  3. Peter Jones: 5 investments, £310,000
  4. Deborah Meaden: 6 investments, £242,500
  5. Duncan Bannatyne: 4 investments, £185,000

Obviously with all dragons investing at the same level, there’s no positional change in the final week, but we do see that a total of £1.54m was “promised” over the series - I won’t say invested, as we all know that a lot of these deals fall through at the due diligence stage. It’s clear to see who the big guns are though - Theo invested well over twice as much as Duncan who wins the wooden chequebook for this series.

So, the where are they nows.. No real surprises - No-one’s going to appear on National TV and say they’ve failed miserably, so all success stories:

Youdoo Dolls (Deborah invested in episode 2) - Sarah Lu has moved the enterprise out of her back-bedroom into a warehouse, and the dolls are now being made in China rather than by her aunties. Sales have trebled, and Sarah puts it all down to having Deborah on baord.

Gaming Alerts (Theo invested, also in episode 2) - They picked up the cheque. That’s about it.

Cream Cutie (No-one invested in episode 5) - Now selling 12,000 bottles per month. Sales have doubled since getting the investment from a private investor.

Midas Touch (James invested in episode 1) - Now renamed”Gold Genie”, James has persuaded Laben Roomes not to go down the franchise route, and instead to focus on retail, which they’re doing with some success - The products are now being sold in Harrods, and they’re on course to make around £60,000 by the end of the year.

Tangle Teezer (No-one invested in episode 3) - Took Theo’s advice to get a distribution deal, and is now selling 1,000 a week. Seems to have turned into Alan Carr since appearing on the den.

Concentrate (Peter Jones invested in episode 3) - They are working on some new ranges. Not much else given away.

Cuddle Dry (No-one invested, also in episode 3) - They are glad they didn’t accept the offers, and managed to secure the investment privately at a much better rate. They are looking at expanding the range and are on target to meet First Year targets.

Fit Fur Life (James invested in episode 7) - Ordered 200 new treadmills, and fulfilled all existing orders. Currently being trialled by Guide Dogs for the Blind.

Ben the Bin (Theo and Deborah invested in episode 4) - Moved into larger premises and taken on staff. Feels the dragon’s contacts were worth more than the £50,000 cash.

Chocbox (James and Duncan invested in episode 8) - The real success story of the series. Sales have trebled to 3,000,000 per year. They’ve secured their first major retail order of 400,000 units, and there are International deals in the pipeline.

That’s almost it for another year - Don’t forget the Dragons Den Christmas special is on Christmas Day at 8:30pm on BBC2 - there’ll be no update from me on that one though!

Just in case anyone from the BBC is watching this whilst having planning meetings for Series 6, can I make a few suggestions?

  • Nigella before the Den works a treat - Rick Stein doesn’t.
  • Can we please have a new script for Evan? He uses the same one every week, it’s looking a bit worn by now - “Remember den rules dictate… It is the dragons own money… all think their product will make them millions…”
  • Can we please have a swearbox that the dragons have to put money into every time Theo mentions his children’s inheritance?
  • And everytime Duncan uses the word ridiculous.
  • In fact can we just drop Duncan please?
  • And bring back Richard Farleigh?

Merry Christmas Everyone!

If you enjoyed this post, make sure you subscribe to my RSS feed!

Related Posts:
Dragons Den: Series 5, episode 8
Dragons Den: Series 5, episode 7
Dragons Den: While the Den’s away…

5 comments:

  1. gadget, 18. December 2007, 17:21
    MyAvatars 0.2

    Nice one from Theo to suggest they share the ‘investment’ - great PR for each of the Dragons rather than an investment though!

     
  2. David Fiske, 18. December 2007, 18:24
    MyAvatars 0.2

    I agree with the swear box idea - I think we understand Theo has kids by now. Also agree with your point about Evan’s script as it’s starting to feel repetitive.

    Certainly agree with bringing back Richard Farleigh. Duncan seems to have lost the will this series and hopefully he’ll be replaced before long.

    As for Nigella, I can’t stand her so Rick made a pleasant change! Do you like Nigella for her style of cooking, her recipes or her?!

     
  3. John, 18. December 2007, 18:34
    MyAvatars 0.2

    Hi David,

    “Do you like Nigella for her style of cooking, her recipes or her?!”

    She cooks too? ;)

     
  4. Bill Morrow, 24. November 2008, 17:41
    MyAvatars 0.2

    Great blog David

    Have you any idea what the success rates for the series are, since it all started off …. my contention is that very few of the deals we see being offered money actually draw down …. but the pantomine must go on ….. good for Christmas though …. we all like a bit of drama.

     
  5. Lammo, 24. November 2008, 18:47
    MyAvatars 0.2

    Thanks Bill, although I’m not sure who David is lol…

    I don’t know the success rate, but as you say, quite a few deals fall through - Interesting to see that in each of the Dragon’s bio programs that have been screened over the last 5 weeks, there’s been at least one per dragon from the last series alone that didn’t progress beyond the due diligence stage “through no-one’s fault” as Evan Davis was keen to point out every single week.

    I think we all know that DD is now a parody of itself, with the “dragons” using the program to boost their own media profiles through “witty” put-downs and catchphrases. The only thing that surprised me about the profiles series that’s just ended is that Duncan Bannatyne is 59.. Cripes, I hope I look that good at 59!

     

Write a comment: