Wiseglass Appointed Supervisor Over Dragon’s Den Investment

On Friday 21 November 2019, Steven Wiseglass, Partner at Inquesta Ltd was appointed Supervisor of the Company Voluntary Arrangement of UK Building Products Ltd.

The Gripit Plasterboard Fixing was invented by Jordan Daykin in 2008. In 2014, Jordan became the youngest person to secure an investment through BBC’s Dragons Den.

GRIPIT IS AVAILABLE IN 5,000+ NATIONAL AND INDEPENDENT TRADE & DIY STORES ACROSS THE UK, AS WELL AS WORLDWIDE.

Deborah Meaden, one of the Dragon’s Den stars, on the company voluntary arrangement (CVA) for Gripit: “I’m very pleased that the CVA has been approved and that the future of this great little product is secured thanks to the work of the team at Gripit and the support of creditors and investors,” she said.

Steven Wiseglass, a director at insolvency specialists Inquesta, advised on the restructuring.

He said: “I am pleased the creditors have approved the proposed CVA, which will enable the company to continue to trade and keep its products in the supply chain, and provide a platform from which it can grow with a reduced cost base.”

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