08-20-2018, 09:24 PM
https://www.bbc.co.uk/news/business-45244761
The founders of an energy switching service are "delighted" after securing what has been described as the best deal in the history of Dragons' Den.
Henry de Zoete and Will Hodson, co-founders of Look After My Bills, received offers from all five Dragons on the BBC show.
They ended up selling just 3% of their business for £120,000.
The firm finds consumers the best gas and electricity deals and switches them automatically when their deal runs out.
Look After My Bills also plans to offer broadband deals by the end of the year and other services such as car insurance in the future.
I haven't paid attention to this show for years now - but, £120,000 for 3% of the business is seriously impressive. That gives the company a value of £4,000,000
.
The product sounds great too. Especially if they're going to expand it to car insurance and broadband!
The founders of an energy switching service are "delighted" after securing what has been described as the best deal in the history of Dragons' Den.
Henry de Zoete and Will Hodson, co-founders of Look After My Bills, received offers from all five Dragons on the BBC show.
They ended up selling just 3% of their business for £120,000.
The firm finds consumers the best gas and electricity deals and switches them automatically when their deal runs out.
Look After My Bills also plans to offer broadband deals by the end of the year and other services such as car insurance in the future.
I haven't paid attention to this show for years now - but, £120,000 for 3% of the business is seriously impressive. That gives the company a value of £4,000,000
. The product sounds great too. Especially if they're going to expand it to car insurance and broadband!