Partnership on the rocks after "shambles" pitch is torn apart by Dragons | Dragons' Den

Hello

dragons

, in the downstream brand, the partial box quick general manager is installed. I'm Liam Stamp. I am an operations manager. I'm Brian Wilcox and I'm the inventor of these parcel boxes. Today we are here looking for £40,000 for 15% equity. Share in our new company. Have you ever returned home and found a package on your doorstep if it hasn't already been stolen? Listen to let everyone know that you are not home or that you have received a pass that will be given to one of your neighbors who needs it. to go and get it back, you are wasting your valuable time, we have a pen protected anti-first partial delivery box that is independent of the courier and accepts multiple deliveries.

If I can give you a quick demonstration so any courier can turn the handle, open the drawer, place the parsley inside, close. the drawer, leave it in the secure compartment and then weave in your key, you can get it back when you return home with the package box. We truly believe we have created the future of mail by ensuring our residential and commercial customers never lose a package again. I would like you to take a closer look at our products and welcome to ask any questions. Thank you so much. I look forward to investing in your company that produces secure mailboxes.

The packages are Darin Mark Quick Liam Stamp and Brown Wilcox, so binder. Yes, it's in the house. It should drop automatically, yes, and it's consumed, so no one knows the pulse is there. They want £40,000 in exchange for a 15% stake in their business. This is a standalone unit. Yes, this is independent. It is incorporated and. this one is for

apart

ments, but Peter Jones thinks it all looks a little familiar. I have something similar in my house that actually accepts packages and has a key lock and is built into the brick mm-hmm, but my personal opinion is that this is already a very limited market in terms of size and potential, Because a typical home only has enough space to have one mailbox, you're not going to have a filing cabinet near your outside area.

It's pretty much for people who are lucky enough to have brick walls or big, nice houses, right? Yes, when you put in the front yard, but with most hazards in the front yard, it looks like someone left the filing cabinet outside, but that's what people are doing, the things we're really thinking about getting. in vinyl wrapped Peter so he can blend into the atmosphere a vinyl wrap mmm people to have that in the garden yeah it would look like a filing cabinet in your garden though wouldn't it? But it's convenient and maybe it looks like this now. baby it won't be long before they get mixed up right now you have two bins and a recycling bin in your front garden it doesn't look pretty aesthetically but it works yeah it's just that the ability to have this in most of households is not currently feasible.

Peter Jones is far from convinced of the aesthetic appeal of these particular parcel boxes. Next up is Taze Levani, who wants to unpack the shareholding structure of the company, so shall we start by finding out how much money each of us contributes to the business, so I'm a 79 per cent shareholder? I have 1%. I know I'm 20% right, so in terms of price, how much is whoever is installing the bricks right now? one nine nine, so what did it cost us is 70 USD? 70 is approximately 55 pounds. you said you're a new company, yes, but presumably you have some sales, so what have you done?

In fact, we have engaged him for about ten months, of which our turnover is 21,000 and in that time we have supplied 68 boxes and We have provided 37 box installations. Can I say something quick so what? No, we have been two separate companies. Darren's company has sold 68 units, but my company sold about 500 in the UK and Europe and another 500 in Japan and then there we go. merge the companies, so what kind of business is your company doing right now? My companies mean more on the inventive side a little bit and then down and limit. I have been the sales staff, so the investment today would be in the combined company. yes, and the IP will be kept in that context, that's correct, so what else?

How much have you sold? It only said 68 one, so in our UK operations under installed parcel boxes we have about 68 though, because obviously we've only been selling. them for 10 months Brian was the inventor who obviously preceded that and his figures go back a little further with two sets of figures to match Taser Varney has to work hard to get a clear picture of sales now it's Touka Suleiman's turn to try it. To better understand the combined businesses, you've come in wanting 40 grand, you're a total startup, which I can understand, but you've made things very complicated based on our projections, so, okay, projections, this is it, yes, I'm sure anyone will do it and we. projected turnover of 63k 63k yes, turnover yes, this is purely passive, ride figures by the way, the bronze figures are separated, that's all it serves as a new collective business, yes, you just sold me sixty-three thousand , yeah, seconds, Brys, that gives clues to your Yeah, that's just right after these bronze guys, they came with three of you, they must have said we're going in, there's one and I just asked for some figures for the next twelve months and I guess that. the

partnership

or the mergers happen, it hasn't happened yet, no, oh, it hasn't happened, the merger hasn't happened, okay, so the second year, which is the magic year, yeah, so give me the magic number, one head rotation 393 383 this is not taking into account Brian's numbers, but you come here or make juice bets to say that it includes two businesses in one, so okay, what were the combined numbers over the last year?

It was 150,000 pounds, correct, and more, so if I double it for next year we will be 300,000 sir. Sorry, I have to stop. This is a disaster. Do you seriously expect us to sit here and add up all your numbers so we can work out yes or no for you? They have a business that could possibly work together. I've never seen a presentation like this in the dent, did you guys actually talk to each other before walking through those doors? We did it. Yes, did you think about doing a presentation that actually presented the business? what we were going to invest in instead of expecting me to sit here and sew up well what's your part of the business what year what's the part you're talking about is add that up and let's see what's next yeah, now respect oh well, I No, I'm not asking you to respect it because I have to tell you that this is chaotic.

I'm sorry, but right now we are two separate companies and you are not asking me to invest. in two separate companies you can't stand here and say we're combining the business but actually we're going to give you the two separate numbers, you're confused, I mean you're completely Capital. I do not have any questions. for you at all, I couldn't invest and spend my time trying to resolve the confusion that you yourselves haven't bothered to work on the other side of the elevator doors. I will not invest. I'm out. Debra Medan is unequivocal in her disdain for businessmen's speech and perhaps it is not surprising that she becomes the first dragon to emerge.

Will Peter Jones be more lenient? Well, that's created a very interesting atmosphere in death and, in fact, I couldn't agree more that he's embarrassing, couldn't I? a little naive this is an embarrassing moment for you it's quick to add the numbers Shirley I think it's best we leave it there I'm a little out of it I don't understand putting two businesses together is how you ended up with 79 percent for yourself and 20 percent for you Brian , a brand, you have the history of a company that has sold yes, five hundred units in Europe, five hundred units in Japan or something like that, yes, and you are just resellers, but you end up with 20% of the business and you, Darren, that it was 79, it doesn't make sense, it would be in an equal amount between us, you just said it was 79, 20 m1, that's what it is at the moment, to be honest, I think the proposal is a disaster let alone the investment that you have tried to present.

Actually, I could ask a billion questions, but they'll all lead to the same thing, which means I'm out, thanks. Confusion reigns at the studio as Jenny Campbell's investigation reveals discrepancies about the company. share structure with three

dragons

now out of the picture like Levani has any chance of getting this speech out of the doldrums how is it possible not to have this organized? This doesn't make sense you don't have a proper business, you know what stocks? You know what sales are and I can't be a part of something like this? So I'm going to say, "Damn, how do you feel about Gossett's November look?

Guys, I'll be very direct with you, there's a problem, unfortunately." I won't show it for that reason I'm not going to invest and I'm leaving thank you, thank you very much, they began with a lot of optimism, but the flaws in her speech soon began to appear. I am absolutely speechless, it is shocking. I'll be doing some sort of dance here and it's created a seismic divide in their new

partnership

since Deborah said it's a disaster and you know I can't disagree with them based on what I just experienced. I will not merge. These two guys are ruining me and four eyes walking, yeah.