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What Happened to Coin Metrics After Dragons’ Den?

Coin Metrics appeared on Dragons’ Den in 2006, Series 3 Episode 8. The business was a technology to monitor cash operations for slot machines. They secured investment from Deborah Meaden & Theo Paphitis on the show. The company was sold in 2007.

The Pitch

Ian Daintith & Richard Adams walked into the Den in 2006 with a technology to monitor cash operations for slot machines. They were asking for £200,000 in exchange for 25% of the business.

The pitch landed well enough in the Den that at least one Dragon decided to back it.

The Deal

A deal was struck on the show. Deborah Meaden & Theo Paphitis offered £200,000 for 25%, and Ian Daintith & Richard Adams accepted.

It’s worth noting that Dragons’ Den deals agreed on camera often go through further negotiation off-screen. Some complete as shown; others are renegotiated or never finalise at all. The company’s subsequent trading history is the clearest indicator of what actually happened.

What Happened After the Show

Coin Metrics did not survive long-term. The company was dissolved in 2007 — just a year after appearing on the show.

This is not an unusual outcome. The majority of businesses that appear on Dragons’ Den, deal or no deal, don’t make it in the long run. The show can provide a platform and capital, but it can’t substitute for a sustainable business model.

Is Coin Metrics Still in Business?

No. Coin Metrics is no longer in business. Companies House records show the company has been dissolved.

Related Companies

If you’re curious about other businesses from the same episode, you might also want to look at Trunki, Pi In the Sky, Skyrota, Smartchartz. Each has its own story of what happened after the Den.

Watch the Pitch

Companies House Data

Status
dissolved
Company Number
05783400
Registered Name
COIN METRICS LIMITED
Incorporated
2006-04-18 (ceased 2016-06-14)
Company Type
ltd
SIC Codes
74990
Registered Address
1 Surtees Way, Surtees Business Park, Stockton On Tees, TS18 3HR
Accounts
dormant (period ending 2015-03-31)
Officers
  • FOSTER, Mark Hardwick — secretary
    1 Surtees Way, Surtees Business Park, Stockton On Tees, TS18 3HR
  • DICKSON, James William — director
    1 Surtees Way, Surtees Business Park, Stockton On Tees, TS18 3HR
  • FOSTER, Mark Hardwick — director
    1 Surtees Way, Surtees Business Park, Stockton On Tees, TS18 3HR
  • GWECO SECRETARIES LIMITED — corporate-secretary (resigned 2006-06-07)
    14 Piccadilly, Bradford, West Yorkshire, BD1 3LX
  • BROWN, Steven Maurice — director (resigned 2009-01-08)
    4 Walled Gardens Grey Towers Park, Middlesbrough, Cleveland, TS7 0GE
  • COLLEY, Ronald Charles — director (resigned 2009-01-08)
    1 Chapel Close, Clifton, Banbury, Oxfordshire, OX15 0PT
  • JAMES, Gareth David — director (resigned 2007-03-19)
    6 East Parade, Sedgefield, Cleveland, TS21 3AX
  • MORAN, Michael John — director (resigned 2007-06-29)
    50 Galleon Place, Weevil Lane, Gospost, Hampshire, PO12 1FL
  • GWECO DIRECTORS LIMITED — corporate-director (resigned 2006-06-07)
    14 Piccadilly, Bradford, West Yorkshire, BD1 3LX
← Series 3 ← Episode 8