Dragons’ Den entrepreneur Sara Davies is dealing with a difficult interval as her multimillion-pound arts and crafts firm battles staggering losses.
Davies, whose Crafter’s Companion on-line agency provides merchandise to over 30 nations, revealed the issues her firm has been dealing with.
Final October, the corporate reported a £1 million deficit, with additional losses anticipated to be filed this month amidst the price of residing disaster and Brexit fallout.
The 39-year-old enterprise mogul is now spearheading a significant restructure, investing in consultants together with a brand new CEO specialised in digital retail.
Chatting with the Mirror, Davies candidly admitted: ‘I’m simply going to be actually trustworthy, it has been a tough couple of years.
‘And I form of don’t need to shrink back from that as a result of I at all times really feel, particularly with my function on Dragons’ Den, I’ve acquired that duty of being a little bit of a task mannequin. I’ve needed to work tougher than I ever have in my life.’
Regardless of experiencing a surge in demand throughout the pandemic, Davies’ firm has been grappling with varied challenges together with rising uncooked materials prices, vitality crises, geopolitical tensions such because the battle in Ukraine, and the continuing repercussions of Brexit.
Within the midst of this upheaval, Sara is overseeing the restructuring of her Darlington-based agency in County Durham, with Development Associate set to change into the bulk shareholder.
Nevertheless, Sara stays firmly in management because the proprietor, founder, and director of the corporate.
Whereas navigating the corporate’s challenges, Sara can be juggling her commitments to Dragons’ Den, her new BBC present Making It, in addition to her household life with husband Simon and sons Oliver, 10, and Charlie, seven.
Regardless of the turbulent occasions, Sara expressed confidence in her new CEO David Stern and investor Development Associate, stating: ‘It’s a very thrilling time for the corporate.’
Sara has been part of Dragons’ Den since its seventeenth sequence in 2019, changing Jenny Campbell. She additionally competed within the nineteenth sequence of Strictly Come Dancing in 2021.
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