Enviro-Thaw Leaves Dragons Speechless After Disclosing Turnover | Dragons’ Den
ฝัง
- เผยแพร่เมื่อ 5 ต.ค. 2021
- Karina Oldale of Enviro Thaw is looking for an investment of £115,000 and in return, she's offering 17% of her family-run company. The company holds the European distribution rights for the environmentally friendly product that is commonly used to combat the effects of snow and ice throughout China and Asia. Enviro Thaw was established to expand the Beijing Santywell product line into Europe and provides de-icers that are effective to -55°C.
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
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I don't think I've ever watched one of these without eating
What you eating today?
@@aconcernedcitizen6056
Burger wby?
@@aconcernedcitizen6056 I'm the same and today I'm eating 2 rolls on cheese and ham and a biscuit boost
😂 I'm having rice and beans
Yum
@@aconcernedcitizen6056 Chicken club sandwich, went down much better than this product
3 things guaranteed in life:
-birth
-death
- eating food whilst watching dragons den videos on TH-cam
Jenny will be out.
And tax
Hahaa same for me
Thats so true just at a sandwich
The saying is actually death and taxes not birth and death
As far as I can see, Karrina ran the company with her son (Sam) and her husband (Ian) for around 2 years after this episode aired, then began liquidating assets due to crippling debt. She then moved the Enviro Thaw brand to a company called Envira Products, this time without any family on the board. Sometime in 2018, that company exchanged hands to a serial entrepreneur called George Scott (although it's hard to tell what kind of deal was struck), who still sells Enviro Thaw products under Envira Products. Latest filing puts the company net worth at a huge £3,476.
Karrina now works for Intele as a travel agent.
Fun fact, she can speak French and German, and her favourite animal is the elephant. True story.
wow thank you for this information, you definitely saved me 2 hours of searching online
It's a disappointing end!!
Good on ya
Unsurprising that the company failed. I don’t understand why people put such a huge amount into such a thing
Oof.
I live in the USA, been watching Shark Tank my whole life. I love how *_CALMING_* Dragon's Den is compared to Shark Tank. So relaxing, no loud music, no loud sound effects, no loud 'Dragons/Sharks'. It's very pleasant to watch.
British versions of shows are very similar to how we do it, the British version of Kitchen Nightmares for example will trip you out lol, actually having restaurant owners who listen to Gordon's advice
These are British shows you guys ruined. Like shameless or the inbetweeners or anything really.
Same with Kitchen Nightmares.. Those annoying damn sound effects.
Lol you literally described what we think of the U.S. Loud and annoying.
Oh my god I tried to watch shark tank the other day and had to turn off. It’s been so dramatised and crazy
That was a classic when Duncan forgot his question 😄
@@Smith6265 what
He said, "That was a classic when Duncan forgot his question 😄"
This thread has rightfully confused me.
Duncan and the other guy had had a few sherbets at lunchtime.
😂🤣😂
I like the way how everyone was calm and very friendly in this episode. Peter had the best advise and at least she got an offer from the kids inheritance money guy
😂😂🤣🤣 "The kids' inheritance money guy" 👍🤭
You mean Theo the Fetus?
The offer was just friendly. Who would give up 50 %
@@justincase9888 I cannot understand why Theo wouldn't give a percentage back if they hit their targets. In that case they already turned over at least 10 million so he would be quids in anyway.
@@aquapony he dint want the fucken deal ... he's a docuche and makes douchey offers regularly
I like her, she seems like a good vibe. Not a pushover, but jovial and respectful. A very tricky line to walk, especially under pressure. She reminds me of some great history teachers I know.
I love the choice to not add background music over Dragons Den. It feels more real.
I read that comment whilst listening to the backround music
@@420_24seven You mad lad
Why would there be background music
@@XJokermanX in shark tank they have constant music
@@LordSummerIsle73 oh ok
Honestly we need this in Canada im tired of used cars being almost umbuyable because they're so rotted out from the road salt
I think that is where her biggest drawback is at that point. She only has rights to distribute in Europe and the U.K. if I remember correctly. If she could distribute in the U.S. and/or Canada she would make a killing. Especially with the fact that it is environmentally friendly and far less damaging to the surfaces it is used on. I would not see it making much on store shelves as regular people are less concerned with that and more concerned with there money but, airports, cities, and commercial businesses would eat this up.
@@naxgulengames9863 some parts of Europe get pretty epic winters too.
@@amh9494 yes but 100% of canada and about 80% of the US get snow and ice bad enough to need the roads salted... with the huge eco push these days cities/state/province government offices would buy this in the millions of tons... again as far as like home use it is something i would probably buy a bucket if it didnt have a shelf life to have at my house if the price was right on it...
@@Katarax true but she had the rights to Europe there's definitely a market in Scandinavia for eco friendly products and plenty of ice and snow in the winter.
The term you're looking for is probably 'unroadworthy' and I'd also replace 'almost' with 'completely'.
Naw I actually felt bad when I could see tears in her eyes, she's too pure
Just a nice lady that’s been taken for a cheap ride by a Chinese businessman. That’s the reason why there’s so many billionaires in China.
@@dazediss6629 Yep. Her tears say more than real evidence every could.
Their went out of business in 2014 and unfortunately hurt the family deeply 💔
@@dazediss6629 yep. As soon as she mentioned China and the insane goal she had to hit, I thought, "They're getting rich off of you...and you haven'5 realized it."
@@superyachtchef lol what no.. their company is valued 7x of what it was worth when she proposed on Dragons Den.
She was very composed and assured that she was going to succeed. She just could not convinced them, because they are not barking mad.
I got a feeling of desperation from her body language, may have just been nerves though?
She didn't seem at all composed or assured to me. But I'm American so maybe it's a cultural difference.
@@Arigator2 Maybe
🤣🤣🤣
Going to need to buy my 4th bag of the U.S. equivalent in 6th years here in Idaho. That's if it's not sold out like it has been several times the last few years.
Ice lady is an incredible negotiator and a solid, no-frills presenter. Good for her.
18 months her company lasted.....
I see the usual lunch time crew are here on their breaks 😂
😂😂can’t go wrong with lunch and a bit of dragons den, we sometimes have it on in the works canteen 😂😂😂
HAHA
The old dragons den special. "I'll give you the money for half the business"
Lol. Also half the business would mean half of the stock. Which is already more than the total investment. So even if the business fails, Theo would have gotten his money back.
The old I’ll give you the money for 99.9% of the business
Yeah man the classic special :) hahaha. Give me half for nothing basicaly. For borrowing few bucks. I love to be on that side of table compared to be crappy 0.05% on a savings account.
crazy asking
@@fosfeen if???? They, He could liqidate the stock....
No matter what happens to this business I really love this lady. She's a little fighter.
I love her optimism and she comes across as a genuine person but it would have been a very risky deal for any dragon.
Great idea, but too expensive my friend 🇨🇦
scammed by chinese
Closed down in 2018.
Genuine intentions don't make money
She a straight clown 🤡 shoes and everything
She is certainly no Saleswoman - one of the biggest selling points should have been the fact that it works down to much lower temperatures than rock salt - we had spells in recent years where our local council don't bother putting down salt if the temperature goes too low - because it does not work....!
@Stabswache Yes i wondered about that - the Dragons are usually bending over backwards to be environmentally friendly - but didn't seem to want to know what was in it or what it might do to the environment....!
She’s a travel agent now
Possibly because the temps in England don’t go that low?
@@kathleenbratti9258 Is that the only country they intended selling it....?
Salt works down to something between -10 and -15. Most of England never sees temperatures like that.
Didn't think this looked like a terrible investment, but Touker didn't even get out of bed for this, so must have been......
And Jenny was still out.
I’m surprised she made it out of bed to get to the den. Forklift must’ve been working overtime
And Duckon is from Scotland after all it had to be about money.
Love how you've stopped spamming after being roasted so much 😂😂
@@khandadonb111 YOU'RE the one that got roasted. Now go back to your degeneracy and accept the reality instead of looking for comments to reply to.
Always hope these work out. It’s a shame that the company is dissolved now :(
😂😂😂😂😂😂😂😂😂
😂😂😂😂
N’ice going there!
@Bubba Smith seems so, there’s another company with a similar name. On their website the lady in this video is listed as part of the sales team. Seems they’re still going which is nice to see!
@Stabswache bumbum 😂😂😂
I don't think I've ever watched this when I wasn't eating out my wife.
"I'll offer you the full £110,000 but I'll have to extort the sh*t out of you, sorry not sorry" lool 😭😭😂😂
Yeah, at 50% he'd have literally immediately acquired more than that in stock value alone, 'at cost'!
@@Wykesidefruitmachine
academic what it costs.. the whole thing hinges on whether they can sell it in bulk at a profit .. and he thinks that if they can manage that - it will require a lot of his work.. and if they can't - he has put all of that work in to maybe be sitting on a loss..
It may be an apocryphal story but when Anita Roddick was raising money to fit out her first Body Shop cosmetics store her husband was away and she agreed to fit the shop out in exchange for a third of the companies shares. The Body Shop went on to become a global chain. The silent partner/investor went on to earn £400m from those shares and basically spent life on a yacht. The Roddick's repeatedly tried to buy him out but of course he wasn't interested! Extortion sometimes pays off which is why speculative silly offers make sense sometimes.
Extort? They went belly up.
"Never be so sure of what you want that you wont take something better". and "half a watermelon is alot better than a whole grape"
Being safe for pets is what got me. I bought a bag of something that looks like this a couple of years ago. It was four times more costly than rock salt, and I used it up a lot faster than I would salt. I've taken to using wood chips or mulch. It doesn't melt the ice but it does give my dog and me traction. Totally compostable and from the environment. The nice thing is when there's a thaw the wood chips float on top of the water and it remains on top when the water freezes again. The only downside is I have to keep the stuff indoors because when it freezes out in the garage it be comes a solid block.
she works in a travel agents now
@@mcfcguvnors what
@@wizzotizzo YOU 'EARD
I'll chime in with what little I know. If you must "de-ice" then run with cheap salt and hot water BUT preventative measures like shoveling immediately after it stops snowing are a lot better in the long run. Dont step on it and compress it before going to sleep to the sound of raindrops. Cheers from norway
@@thomaseriksen6885 The water freezes. And the salt isn't good for my dog's feet. I've had to deal with a lot of ice.. I read an article years ago that the city of Edmonton uses the wood chips or mulch because of the Chinooks, which cause a constant freeze/thaw cycle. I don't have that cycle here, but I do find that the wood chips do provide traction. Yes, shovelling and plowing are essential. I get a lot of snow where I live.
Crying because she’s just realised she’s been ripped off. Poor lady my heart goes out to her and I wish you the best of luck for the future.
By who?
@@willman85 winnie the pooh
The Chinese
@@jordanreynolds1498 She was the one who chose to spend £240,000 on the venture, nobody put a gun to her head. In her own words she discovered a product that she wanted to bring to the UK. She had always known what targets she'd have to hit. If she bit off more than she could chew then that's her own fault, not the manufacturer. If anyone ripped anyone off it's herself ripping off her children for their inheritance.
@@willman85 🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳
Knew this would be an entertaining one the moment she said seventeeeeen percent like that
"Stud farms"
Immediately zooms in on Deborah 1:35 🤣
Well Deborah has a personal involvement with horses and has her own, so that probably accounts for the pan.
With Gus Fring and Walt gone and Jessy not cooking I suppose she saw a gap in the market for the blue stuff.
Mmmmmm, roof pizza
Finally a Bb reference
Hahaha! Lovely stuff.
Checked to see if this company was still going it says “Company Status: Company is Dissolved” you really couldn’t write it 😂😂
That's because it's rebranded.
@@samwise5493 Rebranded to what?
Clearly rebranded in to a different name thats all. Same directors but they have increased turnover 700%.....you couldn't write it
@@wonkydogleathercraft6698 you don’t dissolve a company to rebrand it. Maybe they restructured, maybe they sold the licence and liquidated the company, maybe they failed …… but dissolving
a company has nothing to do with rebranding.
The company lasted 18 months until it was struck off the register. It never filed any accounts.
their website is still running and you can still buy the product from retailers. I'd wanna know exactly what it's made from first though, which is Calcium chloride, magnesium chloride, potassium chloride and sodium chloride
Dissolved in 2014 correct. The product still exists but the case may be that another entity has the distribution rights from the manufacturer in China.
@@thestarshavefallen The new company was started by her and it was shambolic and was slated for compulsory strike-off again. That was suspended. Two years later she resigned and got re-appointed which lasted 8 days. It's now, for the third time, awaiting strike-off from the Companies Register.
@@peterd788 nice research mste. I suspect there must have been a major fundamental flaw to this product that was not made clear in the pitch and I really expected grit salt to go on the other ice block to give a comparison.
If I'm to really speculate, the particle size makes spreading more difficult with existing machinery designed for salt, it seems light, airy and by her own admission disssapears completely (more reactive with environment?) therefore it might not be as easy/stable to store in a grit container as salt is or be as effective at adhering to surfaces like salt does.
@@DaveWhoa "their website is still running" That really means nothing. It costs peanuts to leave a website up. Hosting is cheap.
I think she failed to prove the long term affects that her product can "prevent". Salt is very corrosive n when used alot that'll amplify the corrosion it can do. In an Airport/Trucking industry she could potentially save them "Maintenance" money if she can prove the claim with numbers ofc.
I think the problem she had was the fact that she basically only had a exclusivity agreement that was contingent on either a massive contract, or a ton of minor contracts, with a pretty strict timelimit. Had her company owned the recipe it would have been something entirely different, but they didnt, soo..
As an Aircraft mechanic, this would never get used for aircraft (at least FAA/American certified ones). The air industry prefers liquid and air based, this product is chucking tons of FOD (Foreign Object Debris) at aircraft, and I cant see the FAA approving its use for safety reasons.
On top of that it wouldnt even save on maintenance since literally all we use is fluid or the aircraft already has built in anti-ice/de-ice systems
@@chasekruse7047 I'm not saying her product is the cure all. But if she wanted to sell it to say airports or truckers. She failed to show what it COULD do to help those industries. Just saying "Oh itll help" With no evidence is a cuck lmao. If its like salt but not as corrosive then it could have its place. But like you said Foreign objects will be getting into the engines with this tho.
@@chasekruse7047 I can see where you're coming from, I'm also an A&P mechanic, but there's a hundred access roads or other surfaces that still use rock salt on a given major airport. Using something like this would save money for businesses operating on airports, at least in theory.
My bigger concern is that it doesn't look like the product was having a strong enough impact on the ice block. Rock salt would have melted a not insignificant portion of the ice block in the time the interview took.
@@chasekruse7047 Are you just talking about de-icing the aircraft itself, or how they keep the runways clear?
Regardless of the product and business I thought that was a flawless performance from her. Son and husband must have been proud.
strange, I thought she was absolutely awful. Zero charisma and she's supposed to be *selling product*
@@maverickstclare3756 I'm with you, I think its a good product but with a bad demonstration, really needs to show the lack of residue etc, she didn't show what happens to it once it dissolves at all
When I started a new Job they was bemused I watched this as my lunchtime ritual 😁 a sammich, crisps, drink and whatever pudding is available 👍🏻.. eventually they sat beside me to watch 🤣
Sammich 😂
@@mohammedyakub3760 wonderful marketing name for a ham sandwich.
@@johnbrewer9833 or a sandwich made of a person called Sam...
Everytime Theo returns home from a Dragons Den episode...
His Children-"dad, how much inheritance money have we got left in the bank now?"
They all forgot to aks the most vital question;
Does the rock salt dissolve ice/snow faster than the blue balls?
That wasn't the most important question 😅
Ironically the company is ‘dissolved’ on companies house!!
i mean yes, as expected given she didnt have the support or investment of someone who knows exactly how to do these things.
YEEEAAAAAAAAAAAAAHH!!
In Canada and US, there's already competing products. The problem is that like this product, they cost 100 times what rock salt costs, especially by the ton, to essentially do the exact same.
i do find it ironic that this company has itself now...dissolved. Karrina is now a Travel Consultant (no really) specialising in trips to Iceland
I think someone else took over the business.
sounds about right she has a really great salesman personality she probably makes a great travel scammer.
What selling that ice.
i'm guessing its an ice to eskimos situation....and next year she will come back with coals to newcastle...i love her!!
Iceland deliver now.
I can't help but feel that she didn't make a big enough deal about the non-corrosive aspect of the product. Salt is so corrosive and it creates an environment where machinery breaks down much more quickly, I can't imagine how this would not be a great idea in industrial environments.
Should have gotten the distribution rights for Canada as well. It snows like crazy here and people would have loved this.
She had Europe, Scandinavia alone would have made her millions if she could have cracked that market.
Dunno how many cuts there were in the video, but that block of ice was till standing by the end of it.
No letter of intent, just verbal words. Company buys 260k in stock with probably no way to sell. Ouch. Should have started slowly instead of putting so much capita
Shipping. You can't bring in this sort of stuff from China in small amounts. Now shipping cost from china has gone up by 800% so might be difficult for the next few years.
@@huzcer that makes sense, but shouldnt you wait for the contract before shipping the stock? Makes it so much riskier
@@HollandandJasper by sea (this stuff is obviously not going by air) the lead time from order to production to dispatch to delivery from China would easily be months tho - unless your customer will commit to buying months in advance you can't do that.
a strangely confident & dismissive type.
•I’d be wary of anyone that only sees upside for their product
Exactly she didn’t want to discuss any obstacles and her pricing is basically what killed this, too greedy. Also she put so much of her own money in which was ludicrous and agreed licence terms that were untenable! I’d bet she thought about all the above but still pushed it through.
@@GreatScottByJoe It didn't help that the other 2 business partners didn't bother to come to the negotiations either but gave her limitations on what she could agree to. If they'd been serious about it they'd have been there.
It is horrific to see a woman who has been completely and utterly ripped off through pure ignorance and greed. Her business has since closed and I can only feel sorry for her.
what happened
It's always fun to look up these companies to see what happened. It looks like the dragons were right on this one.
Apparently not as slightly different name change but she's listed as an owner
Envira Products
@@Goady1000 I don't think so. I could see some companies accounts, but only for 2014. Maybe I didn't delve deep enough, also don't think I've ever seen it on sale either.
@@Goady1000 She resigned as director a while back. If I remember it's a guy called Scott or Steve now registered in Scotland. Under the new name I mean.
@@Goady1000 It says the company was disolved in 2014? what did you see
I think it's an excellent product and that lady giving the sales pitch handled it with ease.
Lovely talker, well dressed and a down to earth Yorkshire woman (gods country)
All the blessing and wishes 🙏
Turns out it didn't do very well
@@lasercat538 gods fault
@@coveralljohn actually it was your mom's fault
@@lasercat538 Your mom told me shes embarrassed about you.
@@coveralljohn Your mom said that your existence is a stunning endorsement of abortion
The airport information at the end got my juices flowing.
‘It’s not me” 😂😂😂😂
Theo wanted 50% because he knew it had potential but needed a lot of work. She should’ve taken it. If her family had the other 50% that’s better than 83% of nothing.
absolutley not. I felt like she was getting kicked on the ground when he asked for 50% after she said she staked $280k
but good thing she didnt say yes beacuse her company is now worth 7x more than what it was when she proposed it to Dragons Den.
she was staking 17% for $115,000.
so she valued her company at $676,470.
she invested ~$280,000
$280,000x7 = $1,960,000 networth for only the money she invested.
($280,000 + $676,470 )/2 = $477,235 middle ground to make everyone happy.
$477,235 x 7 = $3,340,645 networth if was an adverage of what she invested and what she valued her company at.
$676,370 x 7 = $4,734,590 networth if what she valued her company at the time was correct.
Loved how Duncan said the women at Tesco tried to scare her with 2k worth of forms
The tesco lady should have gone higher, this lady would have completed 2k worth of forms
Surprised she actually thinks though, someone else will read and check 2k worth of forms - OUCH
Her kind of spirit melts your heart
Theo, Theo, what about declaring about your children's inheritance strategy. He went very high knowing it was an impossible ask. Prat.
Quick maths on what she’s saying….
Must sell 40,000 tonnes in a year (£11mil)
A single airport uses 500,000 tonnes in a single winter
Therefore she thinks a single airport would spend £137.5million in a single winter on ROCK SALT!!! Is she barking mad??
Company is dissolved today unfortunately. I really think that product could be used here in Scandinavia. It's been a running problem whether to use gravel which obliterates the paint on the cars, or to use salt which is bad for the local environment and also corrodes the cars.
The company has stock worth 260k minimum, if Theo bought 50% of the company for 115k he could sell the stock immediately and be 15k up. It wouldn’t make any sense to sell 50% at that value.
"stock worth 260k"
If the inventory can't be sold to anyone else, it's worthless. Theo doubted that this product would ever become popular.
@@dadestor Yes. The stock holds a value, it’s classed as a business asset.
@@hughm1383 No, he doubted she’d be able to sell enough to meet the manufacturers high targets.
I'm amazed they aren't interested. Here in the US, this product would do well if sold to businesses and towns because in a lot of places like Kentucky where we get bad ice storms and the salt does serious damage to our roadways, which then result in a lot of maintenance and repairs on roadways, this product would be a huge advantage. Even with double the cost, the eventual savings to cities and businesses just in the reduced damage to roadways would be massive.
I agree with everyone that I love how calm and straight forward this is. No dramatics
Because she didn't had her numbers. She was pretty much giving a random number on how much she will make because she simply feels positive about it. That's not good enough. She wasn't even selling none of these. They were just on hold and to top it off her distributor for this is china. That's a giant red flag in the sense your better off creating this product on your own land than to have some socialist company slowly crawl into the infrastructure of societies businesses.
How does ice damage the roadways? I know it rusts cars etc, but never heard of it damaging the roads themselves before.
This is such a good show it gives you a good perspective of how these business people have their mindset
No. That's not at all how VCs or angel funds work.
Its just a entertainment show
Its not remotely like this IRL. This is for entertainment and these Dragons are there for the exposure. Many of them today are famous only due to this show.
They keep calling it "optimism" when it's really just arrogance. Delusion. There's being optimistic, and there's also having an ego and not knowing when to quit.
Ice for lunch with a sprinkle of rock salt
I'll chime in with what little I know. If you must "de-ice" then run with cheap salt and hot water BUT preventative measures like shoveling immediately after it stops snowing are a lot better in the long run. Dont step on it and compress it before going to sleep to the sound of raindrops. Cheers from norway
100% this, and if it is coming down hard, shovel every few hours so it is less on the back.
after it stops coming down i do salt, but about a small tin can full for the whole walk just so there is a little grit for the little i could not get up.
I love this show, love the dragons and love the people who bring their ideas.
Theo was crazy to make the offer, given the risk and effort required; she was even crazier to reject it.
She should have called his bluff and accepted it
She did well enough to convice Theo to even make that offer in the first place.
If it is twice the price of rocksalt is is prob cheaper than the products
airports actually use which I'm led to believe is a urea derived product to protect alloys on aircraft. Noticed in demo it actually melts ice without being agitated .
You cannot use particles that large at an airport as a deicer due to safety issues, sucked into engines etc.
The company dissolved in 2014. Shocked Theo even made an offer
Only 1 airport would do
Heathrow last year had about 2-3 days of light snow
Never underestimate the love for our children or animals. I have dogs and want something exactly like this. I’d pay double if it doesn’t burn their paws.
M
Yeah that blue stuff from China seems safe enough
@@Lucas-fw5er The MSDS sheet from the US distributor indicates that it's quite safe to handle. Though you don't wanna expose it to extremes of heat. Because then it gives off chlorine gas.
Exactly my first thought.
Happy to pay over the odds for happy pups & no ice
@@Lucas-fw5er Chinese manufacturing has come a long way dude. This isn't the 90's anymore.
I wish they’d mention in the description when each episode aired
2012/2013
@@peterlohnes1 thanks. 🇬🇧👍
Enviro Thaw Limited is a dormant company incorporated on 5 April 2018 with the registered office located in Larkhall, Lanarkshire. Enviro Thaw Limited has been running for 3 years. There is currently 1 active director according to the latest confirmation statement submitted on 4th April 2021
Every time a dragon goes in at 50%, you know it’s a sympathetic joust without intent…as In-turn they know they’ll refuse the offer.
Lovely pitch by no means.
It's a low offer. She has 250k in stock. He's basically buying the business at book value. ie. The business is worth 250k because it has that much in assets. He's buying 50% of the business for 115k, he then owns half of their assets.
His only risk would be if they couldn't sell the stock at cost. If they sold it all at cost he breaks even.
17% for 115k values the business at over 600k which is ridiculously expensive. So she's asking for a silly amount of money
Theo dodged a bullet on this one. From the Safety Data Sheet, its 89-95% salt. The balance is magnesium chloride and an undisclosed inhibitor.
Would have come up in due diligence and the deal would have fell through.
I'm still astounded this never came up in the show, it's usually one of Deborah's first questions. I knew something was suss when Deborah went out immediately.
would love to know when each pitch was broadcast
I'd be aiming more for north europe then rather than britain. it doesnt get cold enough here to justify the price difference to councils and businesses as rock salt is only good down to around -5 degrees
Loved the distain they all looked at her with when she first came in before she started to talk
She did not get investement, but to me it looked like this woman had her information and her figures together better than at least 95% of the entrepeneurs that enter the Den. I hope she did OK outside of the Den.
Just shows that the dragons really do know the difference between a good and a bad product and business, even when the product looks really good, they know its not!
that is exactly what I was thinking. Makes you wonder what goes on off air for the 4 dragons to be able to spot it would not work on that sort of volume.
Not really, they've missed loads of very profitable products and been bankrupt themselves numerous times
Most often it has nothing to do with the product. Sure you have to have something to sell, but what they are investing in is the business. Do you have a supplier, a customer base. Distribution. Licenses, patents, production. You can have the greatest product in the world, it means nothing if someone can make a knock off version, make it in China for a fraction of the cost and sell it for less than what it cost you to make the original. Ultimately her assurances of potential sales are worth nothing.
Company is still going and she's still involved. Website is pretty slick. Hope she made it a success.
nah mate it's been dissolved (pardon the pun)
The site is probably just paid for hosting for a couple years but it doesn't seem like it actually exists
they liquidated it all, sold it to another guy, and now she is a travel agent.
A single airport uses 500,000 tonnes in a single winter. That’s about 250,000 m³. Surely that can’t be right
Anyone know the episode where the guy goes to Peter "What you laughing at?"?
Got to admire these people who take chances rather than just taking a wage somewhere. That's how you get rich, but there is a risk obviously. Must make you feel alive.
Very admirable but you know what they say people that don't take risks will achieve nothing in life if Christopher Columbus wasn't a risk taker he never would have discovered America with that said I hope she does well in her business
@@anthonyreidy8230 exactly
Honest it depends on who you are, or what you value in life. I like stability, I want a future where loosing all your money is not even in the ball park. I value money because stability follows after money, but I wouldn't risk it all for an influx of money, ut just seems foolish to me.
@@anthonyreidy8230 vikings discovered it hundreds of years before him, they were the true risk takers!
@@jaym1889 I need the Vikings discovered America it's just that they teach you in school Christopher Columbus discovered it fake teachings just like fake news
3:33 Theo showcasing his Dr. Evil impression
lol
How about no Jenny.
looks like simple chunks of Calcium Chloride covered in a hand safe coating of some sort
Is it tested for chemicals?
About Ireland: They hoped to sell more but they didn't get any snow 😂
Snows once every 10 years in Ireland 🇮🇪
always a good idea to import chemicals from China and pour it on EU customers
This was my exact thought the second she mentioned China and then her market being the UK and Europe 😂
I also found her on linked in and she is an independent travel agent now
I think if she managed to market it into North America it would take off. Especially in Ski Resorts in Canada.
He was trying to buy 50% of her stock for £115k
All the comments saying the company dissolved... Erm MELTED or THAWED into administration would be more apt.... Liquidated to be inaccurate but a good pun.
any color ice remover has stained every sidewalk and decks I've seen them on. for someone to see it every day will never see the change at all. that's why we use before and after pictures.
Her company became incorporated on 5th February 2013 and on 23 September 2014 the company was dissolved.
Duncan must have had his head re-thatched before this was filmed as his hair looks like a hat.
Like Peter who dyes his hair, keeps changing colour
@@collincovid6950 They're quite the bunch. Tej Levani used to be as bald as Dr Evil.
@@cockpiss9260 I did not know that. Peter always gives the game away because of the different dark shades he has. Hamster is the same as he goes to dark on top sometimes. Vanity fair
The company is dissolved.
I'm here all week.
I’m eating a turkey sandwhich on my lunch break. Good watching!
Thank you for uploading it finally ..... In 2021 .. hope this lady is alive 🙏
We've had this stuff in Canada for decades. I don't think it works as well as rock salt personally.
Yeah but that rock salt rusts out vehicles less than a decade old.. as seen on cars from the northern states here in the u.s... I live further south and try avoid buying used vehicles from the northeast and upper midwest.. it's pathetic what those late model cars already look like..
It's a true shame she wasn't successful in this business venture. However, truth be told, there are already similar products out there in the market for half the price. Also, in such a huge market for a single type of product that does one thing and one thing only, if it poses a clear advantage, you should be on the fast track towards getting more orders than you can fulfill. I was very surprised she got an offer. I would've expected them to grill her for not bringing a product that has stacks of orders and being in need of a cash injection but instead having a quarter-million pound's worth of stock and no actual orders in sight. When your product is hit-or-miss, if you already have metric tons of product stashes and no way to get rid of it, I think you already know which of the two it is.
Yeah they never got onto what she intended to do with that £115,000. Stockpile even more of it lol? 😄
I suppose maybe the could've spent it on marketing? Though you have to wonder why they didn't do that originally. Rather than spend £250,000 on stock, spend £200,000 on stock and £50,000 on marketing. Maybe the manufacturer wanted a minimum order, but in that case that's when alarm bells should've started ringing.
Remember the time when the highways agency/council put grit sand down because of a salt shortage and now the drains are all full of grit sand and block every year. She was the light at the end of the drain pipe tunnel..
Check out what is in that crap she was trying to sell. It's a water pollutant. South Korea sued the company in China that makes it.
For double the cost, I'd have expected the one cube to be half gone by the end of the segment.
Lunchtime 😊
Don't Read My name.....,,,,,,,,,,,,,,,,,,,,,.
Breakfast for me
Same, enjoy!
"I've made a terrible commercial mistake and I need a millionaire to cover it" is never an appealing idea.
Shockingly the company was dissolved in 2014 and the distribution rights sold to someone else.
laughing like demon!
There were so many red flags.
Dissolved by her blue salt I suppose? Haha
Oh wait, website dated 2015..
Well shes still going strong with it...so she probably made it. I think in any case, this episode was great PR for her!
Man this is a special episode, I'm glad they went with no music because the atmosphere is ice cold. I love when she says "watch this space," I'm a little bit scared
2:28 * maniacal laugh… MANIACAL LAAUUGHHH!!! *