Poundland founder turned serial investor Steve Smith has revealed he once spurned an approach from Dragons’ Den.
The Willenhall entrepreneur, who established Poundland with just £50,000 borrowed from his father, said he opted against appearing on the popular BBC2 show when he was contacted after selling the retail giant in 2002.
But Mr Smith remains an ardent investor in business, with Birmingham Training firm Spearhead Compliance Training the latest of more than 20 he has put money into.
He said: “When I sold Poundland and Dragons’ Den started, they did approach me.
“It was the wrong time – we had just sold the business and I spoke to my wife and we didn’t want the publicity.”
Mr Smith, who sold Poundland for £50 million, has become a serial investor since selling up.
He is now invested in about 22, including Midland online estate agent Estates Direct.
Now, he is working with Spearhead Compliance Training and brings his expertise of scaling and growing businesses to the table.
Mr Smith’s investment is a major boost to growing business Spearhead, established by John Loveday and Paul Hood.
Spearhead, which is based at St Philips Place, has more than 125 trainers nationwide and recently secured a deal with retailer The Range.
Spearheads CEO John Loveday said “Having Steve on board is a huge boost for our business, his extensive contact list and business knowledge will enable us to hit goals in the next 12 months that would of taken us 3 years, we are excited for the future and look forward to becoming a training provider that will dominate and disrupt the industry”