Dragons’ Den TrackerWhat Happened to Matrix RS Ltd After Dragons’ Den?
Matrix RS Ltd appeared on Dragons’ Den in 2015, Series 12 Episode 10. The business was a anti-piracy device for sailors. No deal was made — the Dragons decided not to invest. The company was dissolved in 2023.
The Pitch
Michael Jay Scott walked into the Den in 2015 with a anti-piracy device for sailors. They were asking for £195,000 in exchange for 25% of the business.
Despite their best efforts, the pitch didn’t convince the Dragons to open their wallets.
The Deal
No deal was made. The Dragons weren’t persuaded to invest, and Michael Jay Scott left the Den without backing.
What Happened After the Show
Matrix RS Ltd did not survive long-term. The company was dissolved in 2023, some 8 years after the pitch.
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 Matrix RS Ltd Still in Business?
No. Matrix RS Ltd is no longer in business. Based on available records, the company is dissolved (2023).