Dragon’s Den reject supports housing with £250k net zero loan

Manchester-based DiscreteHeat Company Ltd has received a £250,000 Export Loan from GC Business Finance, years after being rejected on BBC’s Dragon’s Den.

Manchester-based DiscreteHeat team in discussion.

DiscreteHeat, a family-owned business, manufactures a unique, patented alternative to radiators and underfloor heating. Their product, ThermaSkirt, is a skirting board that doubles as a radiator, creating more useable space and allowing boilers to run more efficiently, aligning with sustainability targets for housebuilders and developers.

Originally launched on Dragon’s Den, ThermaSkirt has allowed over 75,000 heat pump systems to be fitted in new builds and refurbishments over the last 15 years. Despite the Dragons’ initial rejection, James Khan later offered support, which DiscreteHeat declined.

Reaching an £80m turnover

DiscreteHeat is now poised to reach an £80m turnover in the next five years, driven by demand from businesses aiming for net zero status, especially in the housebuilding sector. Many major UK firms prefer ThermaSkirt over traditional radiators or underfloor heating due to its efficiency and simplicity.

With international growth ambitions, DiscreteHeat secured the £250k Export Loan to make key hires and invest in new products, meeting export market demands. The company aims to capture five percent of the European emitter market and three percent of the USA emitter market, projecting a £300m turnover in the next 10 years. This expansion will create new jobs and further growth for the business.

Martin Wadsworth, founder and managing director of DiscreteHeat Company Ltd, said: “After being rejected by the dragons, we wanted to make sure DiscreteHeat would be hugely successful. Now, we have a patented product that has some of the biggest housebuilders and developers knocking on our door. 

“We want to start taking over the European and American markets, and grow the business internationally, so we reached out to GC Business Finance for an export loan, and the quick turnaround meant we have been able to make key hires and investments to begin this next stage of growth.” 

Image: DiscreteHeat