Dragons Astonished by £30k Loan with 25p a Day Interest Rate | Dragons’ Den
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- Опубликовано: 15 окт 2024
- Next into the Den are Natalie Balmond and co-director Weze Hannam, they're looking for £90,000 in return for 15% of Purepotion Skincare. Purepotions Skincare was founded after Natalie's daughter started to experience severe and debilitating eczema, but can the business duo prove their business acumen to the Dragons?
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.
#DragonsDen #Balmonds #Loan
The important question is "Is 'Weze' short for 'Louise?'"
Short for Wheezy
Or Eloise
No she's asthmatic
Weezy F Baby, and the F ain't for front door
It’s all 4.
I have lent my bank 30k, I wish they would give me 25p a day.
You need a better bank then.
Too right. That interest rate would be illegal.
I am pretty sure they give you that.
Illegal? More like typical.
Pretty much all savings accounts drop down to 0.01% if you don't stay on top of it and switch accounts.
You can take back your money whenever you want. The guy can only get monthly payments. If you give your bank 30k and promise to o Lu take out 500 a month they can stash it into a bond account and give you a lot more than 25p
That consultant gave them 30k for an interest rate so low no bank would ever agree to it and they are not even thankful??
@Iam God No, not on a loan - you’re talking about banks paying you interest on savings - they pay far less than 25p a day. No bank on the planet will give you a loan at 25p a day - that’s 3,000,000 pence and paying 25 pence a day would mean it’s gonna take 120,000 days to recoup the original outgoing. It’s pretty much a certainty that the guy who lent them the money was very wealthy and was knobbing one of them. Any bank lending 30k is gonna want repayments even at the maximum length of 35-40 years of at least 150 quid. But most will want it over 10 years and charge around 400-500.
@@dazediss6629 what are you talking about? Bank would do more than .3% m8
@@dazediss6629 I think you are confusing the interest with the monthly payment amount.
Pair of Wallys, gave H&B €26,000 for nothing.
So basically an investor gave them 30k at only 90 quid interest per year and they threw that guy away like trash coz he didn't also go and be a salesman and marketer for them.
A guy basically gave them FREE money to operate their business and he’s apparently “not trustworthy” I mean come on now I wish I could get a free loan of 30,000
@@juanrivera6207 exactly. Red flags on these two wig wearing fools
They ditched the creditor because he wasn't bringing investors in.
Hold on..... He WAS the investor, he gave them £30k
a loan at 0.3% interest isnt an investment, hence why its called a loan
Absolutely insane
Hilary is one of the nicest people & one of the best dragon. She makes entrepreneurs comfortable and gives great advice too whether she invests or not.
@@giggsryans7106
What are you on about?
Yeah I always though Hilary was a decent bloke
She needs a drop of Adrenochrome
She was really good in business and nice with it. RIP Hillary
Yes. I miss her. I hope she didn't suffer in her end of life days.
My wig is jet black, though I do have an inch of white hair visible around the edges. In my twenty years of wearing it I'm pretty sure nobody's noticed...
They gave £26,000 of free stock to Holland and Barrett for a 12-week trial that's about to end and with no guarantee of an order or a report on sales. They were too trusting - why not give £5000 and if it sells they get paid for the rest? If H and B reject that, try Superdrug or Boots. The dragons were right to doubt the acumen of this duo.
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His whats@pp
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Damn my Canadian ass was confused, I thought "25p" per day meant pounds per day, which is like 9K a year, expensive loan over 30 percent annually. I get it now though it's pence per day, 90 pounds a year. Where do I sign!
If I had a dollar for every cream that's come through the show, I'd be rich enough to be one of the dragons.
Would the exchange rate from dollar to pound actually retain that level of wealth for you though?
Or you’d have like ten bucks
Peter is an amazing judge of character.
It was a very fair assessment
So is Jesus
I know who I trust with my future. Don't miss out on the greatest invitation EVER given to humanity.
Repent & be baptised
Jesus Is Alive!!!
✝️💕🏃🌎💨
@@giggsryans7106 Repent & be baptised. Jesus Is Alive!!!
✝️💕🏃🌎💨
@@DiscipleShaynePlaylist Amen 🙏🏾✝
sometimes
Camera man had a foot/leg fetish. The foot shot and slow pan up of the ladies lol
This episode was actually directed by Quentin Tarantino
Peter could read those ladies like a book and knew if he had invested it wasn't going to be a long term relationship
These harpies would take it all
Most of the investments aren’t long term. They usually end up disagreeing on something and not going in, so he’s not too prophetic.
She calls herself Weze, so on that basis, I'm out.
Fantastic product. It has really helped me with my eczema.
when you watch these stories it's great fun to look online and see if their product is still selling these did they got more money from someone else and seem to be doing very well ,then you see if the dragons are right or have missed out.
yea they have missed a few good businesses. They are portrayed as expert investors, in reality they berate alot of the candidates and dont always seem more clued up than the average joe.
From what I can see on Companies House they are sadly liquidating the company 🙁
They are.dpin well all of these people but they could be doin qaaaaaay better
I love all the illiterate people in this comment thread putting in their thoughts, learn to spell, take a business and sales class, or stop talking
@@AmarylisFlow Then you're reading something wrong. It's 2024 now and their last year accounts show over 3 million in sales, 11 staff and smashing it in
Is 25p a Day Interest Rate bad? $90 a year seems extremely low actually...
That's the point. No bank would ever give such a low interest, causing suspicion of...less than shall we say honorable methods of obtaining it.
@@dougloremaster7413 Ahhhhh right. That makes a lot more sense, I'm not sure how I didn't see that when I first watched it. Thanks for explaining.
One of the dragons looks like they’ve just arrived by time-machine from the 17th century
Whoms't?
@@KM-mt5gx Hillary with her wicked court witch costume
☝️🤣🙀✅
Hope they payed that guy back his 30k.
Okay this is a subtle thing but I like that in their pitch they said "We would like your help" instead of the very common, "Please accept our invitation to be part of this exciting new opportunity!" It shows a little humility.
Happens all the time in the den tbh.
@@Anyonewhos I usually watch Shark Tank because I'm in the US. I'm used to a certain lack of humility
The more I watch these clips the more tiresome they become. No dragon ever seems to want to invest for any reason unless the product is ready to go with 1 million orders lined up. Theo was the only one to give a reasonable explanation as to why he wasn't going to invest.
Sometimes you might be right but this wasnt one of those occasions, valuation, lack of knowledge in there product, unreliable/ economical with the truth (consultant, cough cough), no backing or accreditation, naive or unaware (marketing by giving away 26k free product, with a "its selling" feedback), 5 years in with lacklustre growth, high levels of debt, would appreciate hearing your view on how my eyes are deceiving me? Could be a great politician though, spin for days
Haha The fact they gave away 26 thousand of free products and didn't expect anything in written return? After 5 years they should get a clue.
Hillary’s damn shoulder pads make her look like Skeletor
Awe leave her alone mate, she's done well for herself but she's had a rough life, she clawed her way up from the bottom several times and deserves respect, 🤝
she's says in a different episode she had a stroke and parts of her body are paralysed
@@alexthiebaut2195lol
Cruella Deville
This company must now be really struggling due to covid-19
you're right, it's now bankrupt
@@NUFC_2 how did you find out??
The company is still active on companies house and paying for Google ads. Where'd you get bankrupt from?!
@@nanny855 Company liquidated and name bought by someone else. Natalie and Weze are no longer involved
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They gave away 2,000 units free of charge no strings attached in the blind hope of future business. That’s pitch ending idiocy.
The equivalent of buying pretty girls drinks in a pub, hoping they'll show gratitude at the end
Nope. Not idiocy. They just didn't have the big bucks or the big name to see it through. It is a fantastic strategy when the product speaks for itself.
The money is to see it through the politics of big stores trying to eat up the small fantastic product and own it for themselves.
Clearly you've never tried. Sitting pretty wherever you are, perhaps employed, perhaps running something that works without needing to do something like this, perhaps just eating daddy's money.
Or if you have, then you are the evil swamp monster.
@@vibovitold tell me you’re an incel without telling me you’re an incel
@@adashofbitter how?
@@adashofbitterreading comprehension isn’t your strong suit
im sure that isnt right i dont think anyone or anything would give you 30k for 25p interest a day. if you overdraft in your bank its more than that.
I was once about to enter negotiations with Holland + Barrett and was warned how difficult they could be and that the mark up was likely to be very high. I never realised that they would want so much stock, potentially free of charge. However, I do see their point of view, they have massive overheads to cover.
They wanted stock free of charge?
@@aaronlomax6102 Not from me they didn't, but they did from the ladies here!
H+B are a disgraceful enterprise. If I recall correctly they ripped off landlords a few years back.
Holland and Barrett are owned by a Russian Oligarch who has been sanctioned. Totally unscrupulous to take 26k free stock from these ladies
Bizarre, bizarre stuff!
The 0% interest 'loan' repaid with a firing, the free giveaway of £26k for not even a cast-iron contract.
Not a safe pair of a pair of hands!
Sold £450.000 and only £27,000 profit
Which is exactly and only 6% profit
My farther in law has been making a product like this for humans and animals. That was 15 years ago and he's booming. If these women's product is as good as his then they'll be grand.
I don't know if this company is successful, or if it's still running, but from the looks of this, they must be heading towards bankrupcy. A very odd way to do business.
They are pretty successful however they changed the name
No one gives more useful advice than Peter Jones.
They've never asked me.
Debs has her moments, still I agree Peter gives the best
He really knows his stuff. Especially when it comes to numbers
@@troo_story Lol
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Damn handing out £26k worth of free stock as a start up without any trial agreements - that's new! You see it from the big corporations but from a start up, that's too much to write-off
yup true, but actually if you watch these as carefully as I do, it's a fairly common mistake by those pitching in the den. :)
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@@Albimar17Not sure what episodes you’re watching but I haven’t seen that situation before
Can't believe they gave away all that stock for free!
"Ladies I think you've got a cream that obviously moisturises" - Shercock Holmes
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I'm not sure if one or more of them was wearing a wig, but I must say I really fancy the one in the blonde wig!......
Abba
@Donald Brown I think you'll find up close that's possibly a purple wig...
Wheeze with the winklman fringe
She's bald
Hilary is always kind
Lol nOt always!
"people come together over things in business"
But this guy gave them a very very cheap loan and they don't work with him anymore.
They seem very focused to me but perhaps not very dynamic.
Debra's jewelry is beautiful. I wonder where she buys it from.
It's in One Pound shop !
Duncan
Obv gumtree
Toukers dodgy cousin
Blatantly obvious she`s fished it out of the clearance bin in the local Oxfam shop.
This brand is called Balmonds now, I assumed they sold the company.
Um... moisturizing might help dry skin, but definitely NOT eczema. There needs to be some kind of antibiotic product to use to help it. I got eczema and trust me, moisturizers don't so anything for me.
You don’t want an antibiotic that’s a bad idea, steroids cream for outbreak and thick like Vaseline ointment or aquphor
25p per day is 91 pounds per year in interest. That is really low, I want a loan like that!
Yeah but I'm sure if they miss an payment their fucked.
@@TheAazah they're
@@TheAazah lol you gotta be pretty broke to not be able to pay 25p...
That's madness. Probably most people are paying at least £10 per day on their mortgage.
Got the feeling he was a consultant in love
These 2 are the perfect personifications of passive-aggressive; the moment you're no good to them they ghost you.
they seem quite manipulative
@@hithisthers7214 That's business.
@@simonmaverick9201 not when you want an investment
who hurt you
Passive aggressive?? Do you know what that means?
Currently, I'm also suffering from itching caused by skin dryness. If I've been in uk, I'd definitely try her product. I tried everything but in vain.😥
Just take off your skin and then it can't bother you
@@branch7628 Thank you for your suggestion. I appreciate that.❤️
Turnip thinly sliced on skin for 15 minutes for Psoriasis? Also internally.
@@branch7628 Put snake oil or skin on it.💭🤭🙀☝️🤣
My doctor prescribed me Epimax which is good for me.
Maybe one of them is paying their "consultant" back in a different way
Dry Skin ?
Me after watching the Fish pedicure pitch: You know what to do....
pause @4:02 apperently that's peter jones impressed face
If you google the company it says that Natalie Balmond is teh company secrcetary
Great, brunch time, where's Jeeves
Where's Ryan Joned
I miss his witty comments
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@@giggsryans7106
You're not the real dragons den.
6:08 nice
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His whats@pp
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A bot comment with a reply from a scammer 🤦♂️
@@uktokers My dear friend, I can assure you that I am not a bot
@@giggsryans7106 omg wow I just did it and got scammed, can you help
Food, drinks and beauty products....
People, do you really think , there is any space against huge players? A super small number manage to enter nowadays.
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His whats@pp
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2:40 - but investing that "back into" the business isn't that. That will be an ongoing expense if you expect to grow sales... that's simply spending cash your business generates.
That consultant who loaned them £30k with 25p interest a day needs a good kicking in the nuts. I mean where the hell is the business sense in that. He'll never see a fraction of that £30k again.
He literally gave them money with no interest and they're somehow complaining!
He was looking the jump
@@vincentcoyle5504 office action chukka chukka wow wow
What are you talking about the principal is being paid back in monthly instalments . . . Could be £1000 month it’s all back in 2.5 years with £250 extra in interest for the privilege
Is this episodes from the 70's? These hairdos are crazy!!
when they walked in i thought i they were going to pitch a wig company
I'm guessing the 25p per day loan was a gullible ex-boyfriend. The reason they didn't stick with him, was he was dumped. They got his money, then done a runner...
@Mr Mavvy I would have asked how they used the money - did it prop them up / save the business? I wouldn't invest in it purely based on how they treated him. Those two women look all nice and meek on the surface but what they did there was ruthless.
I am guessing the 30k was the consultant's fee which they're now paying in installments, and that it's all money down the drain because the consultant didnt actually get them investors
PUREPOTIONS SKINCARE LTD soon went into Administration followed by Liquidation. (They also previously had Pure Potions LLP - dissolved)
The 2017 accounts showed a director gave a £50k Personal Guarantee to an existing loan.
Why would you supply £26k (MSRP) of goods to Holland and Barrett for free? It is embarrassing that they agreed to it TWICE (they said they sold out and has to restock) and that they refuse to go to other better retailers. H&B really is last chance saloon. Yet they are giving it away happy with buzzwords such as "free fill". They would be better off relying on ebay, amazon and their own online shop, without any brand awareness or upgraded listings, just waiting for random people to stumble across and buy. Just as they wait for the odd prescription.
When you are willing to take the hit just to be in a shop with minimal shelf space... they are brain dead. They had over 10 employees for christ sake. The only way I would have ever agreed to similar terms is if 1) it was featured on their TV advert or 2) it was part of a prominent window display.
Nevermind though... new packaging, same product... same people... BALMONDS SKINCARE LTD Sold at H&B as "Balmonds Skin Salvation". Read more about it here... pressreleases.responsesource.com/news/97417/family-company-making-remarkable-natural-skincare-for-eczema-relaunches-as/ (TL;DR company rebranded from Purepotions to Balmonds - no mention of liquidation) A new sole director who is owned £530k by the company!!! Looks like they stole the goodwill and IP from the old company.
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His whats@pp
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5:29 25p a day 🤣🤣🤣
They looked like two nice ladies but as Peter said , there was something bothering about them. Something were not really adding up.
One such thing
They fired a consultant because they thought he was not doing enough , yet that consultant lent them 30000 pounds for virtually nothing . Who does that 🤷
Something didn't make sense, not sure if it's because 60 min show is compression into 12 minutes.
Replace fire with broke up with and it all makes perfect sense, alls fair in love and war
"My fee is 30000 quid, but you can pay me in installments out of future growth that I'll help you with" and then does nothing, that is the scenario I am guessing at
@@mendelde?? If that’s your guess then you’re clueless mate
If your daughter has dry skin check her diet. Adding all these external factors are pointless. Good heathy skin, hair ect comes from within not external applications.
They gave away $26k of product!?! That's INSANE--talk about 'why buy the cow when you can get the milk for free'!
Meanwhile off screen Jennys grabbing some free samples of the cream and for that reason she's out😳😂😂😂😂
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His whats@pp
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Scam
Sometimes these dragons just want it on a plate
Hilary Dovay.. Is that how it’s spelled?.... Is it just me or does anyone agree she looks like Toby Jug?????
Very little profits, duped by consultant and high street chains
He gave them a 30% loan! Hahahahahaha
Heavy breathing equals brickin it.
What happened to Jenny? 9:12
Cancer
10:49 what’s she on about? It was a packed elevator pitch with full open answers on cross examination . . .they served up all the answers unlike many fellas who don’t know one single financial . . . And accused of it being “discovered” like it was hidden or the dragons were insightful or something. Pafh
I look forward to seeing your observation in action. Only 4 mins here
I WANT TO SQUEEZE WEEZE
wtfff
Careful... Wees might come out of her....
She might Weez herself
Ho ho ho! This thread's a right wheeze!
She'd understand why, be absolutely fine with it and in fact, now you mention it, wish she'd thought of suggesting it herself.
company is being liquidated
Never heard of the dragons den till yesterday from SharkTank AUS, this UK yea?
Yeh mate this is the uk version
It's the original program ye
@@rainbowtoesocks I believe it actually started in Japan under the name The Tigers of Money
So you in or oat?
I wish i could borrow 30k for 25p a day 😮
Hillary: Moisturizer does not work on gargoyles and therefore I'm out
Wicked witches.
Jenny is out and she's not even here
WOW!! That is an amazing APR!!! What bank issued the loan???
It wasn't a bank
Ah yes, the series with super saiyan 3 Deborah.
your product has no spout...and for that reason..I am out”
-Jenny
I suffer from dry skin and find it difficult to find something decent
Same here
Cocoa and shea butter
Dragon lady uses aging cream not anti aging cream
This camera work is really something else
6:24 Jimmy Savile behind the camera
i cant make sense of the companies information. it says the company has been going for 3 years. and massively in debt. anyone shed any light?
and has a different director
but still based in brighton and the formula looks the same
The company status shows "Liquidation" so it's no longer trading and is being brought to an end.
oh i think i've seen what's happened, there is a different company balmonds skincare selling the same product in holland and barrett. balmond is the entrepreneurs surname but the company director is a man. perhaps a new company started when the old one folded?
Many/most businesses are massively in debt. As long as they take in enough money to cover the repayments and the cost of running the business, the fact that they owe money is no different from a person having a mortgage. Every young couple that has just bought a house together is "massively in debt" but as long as they can pay the mortgage it's not a problem.
Weze is an interesting name. Can't find it online.
I wonder if it's just short for Louise? I hope it's not as mundane an explanation as that tho.
@@elizabethrhvb-b6162 I wondered that but I doubt she'd use a nickname in such a formal situation. Maybe though. Far stranger decisions made on the Den lol.
@The Most Secure Election in History I think you're onto something!
@@MsMaryPatricia lol my horticulture teacher's name is Ena, as was my first landlady's and this is the first time I ever realised it was a nickname!
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+.1.5.4.1.4.4.9.7.0.5.1
Without clinical trials dragons will never invest. Applies cream burns face off
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The girl in the red wig really sneered at Hilary. Seems like a very immature businesswoman.
Would deffo give Wheeze something to wheeze on tho
Give Wheeze a squeeze
It really annoys me when these people with relatively young businesses, start telling some of the most successful people in the country about business.
@@giggsryans7106 I'm reporting all of your comments
We are always learning.....your comment is ignorant.
Hilary Devey has the most amazing outfits.
Why do many contestants in this show always sound out of breath when they talk?
Nerves
Can I get the number for that guy becasue I wouldn't mind a £30,000 for £90 a year
The thing in blue could do with gargling some of that cream
They screwed over that guy.
Best investment potential right now is vechain and cordona coins
Another product for dry skin.... there must be millions of products in that field, good luck breaking in to that market .I walk into a supermarket I see perhaps 20 different brands products how to treat dry skin
What am I missing. A business making decent turnover, into profit, owes money but at a cheap rate. A consultant being let go for not doing a job doesn't seem outrageous enough to turn off all dragons.
Sometimes they make no sense. 🤷🏾♀️
Yeah I was so confused by this one. They seemed like really nice ladies too, which that alone sometimes gets you an investment but not this time apparently
they went bankrupt
They were not making any money.
Dragons mention this to new people on the show all the time... as you grow, your margins get squeezed. They are turning over a few hundred K but making pennies.
Being that big at that scale making nothing means that the dragons are pretty limited in what they can do.
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Those wigs freek me out and for that reason I’m out
Weeze is Wig Wearer
💯 They both look like wig wearers to me, no issues they are just obvious wigs👀
@@MindSetReset You appear to be experts on this subject.... I guess you have wigs!
@@AnotherPointOfView944 Definatley Wig Wearers
Looks like their real hair to me 🤷♀️
@@vintagesaskia1139 are you a wig wearer?
*nobody*
*Debra looking like Jonny bravos great granddaughter*
Me an American "Why are they not worried about a 25 pound a day loan???"
P as in pence...
@@vienogola1421 Yeah that's the joke thanks for playing.
@@whydoesthismatter the joke doesn't work on any basic level
Hillary " I m stone broke....i m out "!