TWO Cheshire businessmen, who failed to convince the Dragon’s Den team to part with their cash this week, say they still believe they are ‘investable’.
Finance industry worker, Allan Brown from Chester and Simon Jamieson from Liverpool, appeared on Monday’s episode of the hit TV programme, hoping to win over Britain’s top business brains – James Caan, Duncan Bannatyne, Theo Paphitis, Deborah Meaden and Peter Jones.
Allan and Simon, who run www.giftcardconveter.co.uk, were looking to secure £50,000 investment for 25% of their business. The Gift Card Converter website enables people to sell or trade their unused gift vouchers for less than their face value, with a portion of the sale price going to the site owners.
But despite the pair delivering a confident pitch for the business which they say taps perfectly into current consumer feelings about saving money and preventing waste, they failed to win over the Dragons. Although Duncan Bannatyne admitted it was a ‘fantastic idea’ but he wasn’t convinced they would change people’s habits and make the business work, while Simon said: “It was a great experience which we have learnt a great deal from. We were in the Den for over an hour being questioned on all aspects of the business. Since the show, we have addressed all the issues brought up in the Den and are hopeful of securing investment soon.”
Allan added: “Although we didn’t get the investment, James Caan said that we were investable, Deborah Meadon liked the concept and Peter Jones asked to see a copy of my CV.”