Dragons' Den 2011
Discussion
condor said:
No-one actually mentioned the hassle of cleaning that chain-mail thing. For people without a dishwasher it would be a nightmare...even with one, there's so many nooks and crannies to harvest germs/bacteria - I can't see it being a go-er.
now if it was made out of silver no bacteriaJust watching the catch up and the translator guy was on. He asked for £250k for 4% in his business FFS
That was in 2007 so they show him popping champers driving a porker and saying he had a £50m t/o in 2013 and said his biz is worth £30m
I credit checked him and from may 2010 accounts net worth £128k
Owes £2.6m out as well
Gotta love the BBC
That was in 2007 so they show him popping champers driving a porker and saying he had a £50m t/o in 2013 and said his biz is worth £30m
I credit checked him and from may 2010 accounts net worth £128k
Owes £2.6m out as well
Gotta love the BBC
DSLiverpool said:
Just watching the catch up and the translator guy was on. He asked for £250k for 4% in his business FFS
That was in 2007 so they show him popping champers driving a porker and saying he had a £50m t/o in 2013 and said his biz is worth £30m
I credit checked him and from may 2010 accounts net worth £128k
Owes £2.6m out as well
Gotta love the BBC
How do you credit check someone?That was in 2007 so they show him popping champers driving a porker and saying he had a £50m t/o in 2013 and said his biz is worth £30m
I credit checked him and from may 2010 accounts net worth £128k
Owes £2.6m out as well
Gotta love the BBC
DSLiverpool said:
translator guy
Private Eye issue 1295 12th August page 29 said:
Is the agency hired in a £60m deal to provide interpreters for the justice service big enough to handle the work?
Applied Language Solutions (ALS) has entered into a framework agreement with the Minister of Justice to supply interpreters to the courts, Crown Prosecution Service and probation service. Public service interpreters, already unhappy at the principle of giving a monopoly to a single agency, were appalled at the choice of supplier following the successful boycott of ALS in the North West, where a deal with four police forces was eventually scrapped following judicial review (see Eye 1293).
According to published accounts, ALS’s highest annual UK turnover so far has been £3.4m. Indeed, so tiny is the company that it was able to take advantage of the small companies exemption and published only abbreviated accounts for 2010 – meaning it didn’t reveal its profits or losses.
In 2009 it made just £77,000 profit after tax. However, those accounts do reveal that the company “meets its day to day working capital requirements through a mezzanine funding arrangement” paying a 10 percent interest rate, secured against all the assets of the company. In February ALS’s credit rating briefly dropped to a measly six out of 100.
This may sound familiar to readers of ALS founder and director Gavin Wheeldon’s Times interview last year, “How I Made it”. “I was ringing up and pretending I was this huge translation company when really it was just me in the back bedroom with a phone and PC,” he said. Within two months he landed an order from Hewlett-Packard, the computer giant, for £22,000 to translate its European sales brochures. “I won the contract and then thought: oh my God, how on earth do I deliver this?” he said.
Applied Language Solutions (ALS) has entered into a framework agreement with the Minister of Justice to supply interpreters to the courts, Crown Prosecution Service and probation service. Public service interpreters, already unhappy at the principle of giving a monopoly to a single agency, were appalled at the choice of supplier following the successful boycott of ALS in the North West, where a deal with four police forces was eventually scrapped following judicial review (see Eye 1293).
According to published accounts, ALS’s highest annual UK turnover so far has been £3.4m. Indeed, so tiny is the company that it was able to take advantage of the small companies exemption and published only abbreviated accounts for 2010 – meaning it didn’t reveal its profits or losses.
In 2009 it made just £77,000 profit after tax. However, those accounts do reveal that the company “meets its day to day working capital requirements through a mezzanine funding arrangement” paying a 10 percent interest rate, secured against all the assets of the company. In February ALS’s credit rating briefly dropped to a measly six out of 100.
This may sound familiar to readers of ALS founder and director Gavin Wheeldon’s Times interview last year, “How I Made it”. “I was ringing up and pretending I was this huge translation company when really it was just me in the back bedroom with a phone and PC,” he said. Within two months he landed an order from Hewlett-Packard, the computer giant, for £22,000 to translate its European sales brochures. “I won the contract and then thought: oh my God, how on earth do I deliver this?” he said.
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