An entrepreneurial duo who took part in a recent series of Dragons Den have won what is being described as the “best deal ever” on the programme.
Henry de Zoete and Will Hodson, co-founders of Look After My Bills, a business which helps families cut the cost of their energy bills each year by finding consumers the best gas and electricity deals and then switching them automatically when their deal runs out, sold 3 per cent of their business for £120,000 to Dragons, Tej Lalvani and Jenny Campbell.
Will says: “We’re absolutely delighted to have got a deal done with two brilliant Dragons, Jenny and Tej, who we know will massively help the business.
“This year has seen all Britain’s biggest energy suppliers increase their prices, some twice, and the Dragons are backing a company that protects people against rip-off pricing forever.”
Pitching for finance on national television is not for everyone. However, there are still plenty of ways to apply for finance – without giving away a percentage of your business or future revenue stream.
At Beavis Morgan, we work with a number of entrepreneurs and startups, helping them set up and run their businesses, whilst navigating the challenges and advising them on making the right decisions both now and for the future. We also understand that whether you’re a startup or a well-established business, cash is king and managing its flow is crucial to your immediate and long-term success. That’s why our independent finance brokerage, BM Structured Finance, is readily available to assist startups source the right funding for their individual needs.
For more information about how we can help you and your startup business, contact Steve Govey, Partner within Beavis Morgan’s Entrepreneur Support Team, or Simon Belton of BM Structured Finance.