Dragons' Den invests in Ogel on Tyneside to help build a better future-Business Live

2021-12-13 19:54:14 By : Ms. Elise Chen

This pioneering company converts plastic waste into buildings-and has received two dragons of investment

An innovative Northeast company hopes to build a strong future after obtaining investment in Dragons' Den before its products are officially launched.

Gary Giles, a former accountant from South Shields, and Newcastle-based E3 Design developed Ogel, a system that converts waste plastic into building materials.

Its recycled plastic can be used to build walls, floors and roofs-and can be transformed into anything from houses to exhibition stands, home offices, flood protection facilities and garden offices.

Ogel pieces currently manufactured in Worcester are equipped with standard windows, doors and appliances. When Mr. Giles walked into the lair of BBC One with Allen Watts, general manager of the partner company Ram Extrusion, its flexibility left a deep impression on the millionaire group.

After telling how to use a 100% recycled brick-based invention, the audience watched the couple leave with a 10% stake of £50,000, secured by Sara Davies and Tej Lalvani.

With the introduction of two products, this investment has already promoted the company's progress.

Mr. Giles also revealed that he hopes to raise more investment through the Crowdcube campaign to be launched next month, so that people in the Northeast and other regions have the opportunity to be part of this goal.

He said: "We have been developing a product for more than six years, which can provide us with the start-up we need when it launches across the UK.

"A project of this size and scope requires extensive cooperation. Fortunately, we have achieved this goal together with a group of excellent companies, and together we have turned a good idea into a completely viable, game-changing product."

Although 2020 is a challenging year, Ogel, who now works at One Trinity Green in South Shields, still achieved three successes, becoming a finalist of the European Recycling Plastic Awards, and Mr. Giles in the Northeast Destroyer category of the year. Outstanding British Entrepreneur Award. The hat trick was completed at the invitation of the BBC and appeared in the 2021 "Dragon's Lair" series.

Since the filming of the show, two products have been launched; Taskpod, a home office, designed for new employees who "work from home", and there is no space for setting up dedicated rooms elsewhere in the home; and Garden Living, which is a series of flexible The garden building can help the family maximize the outdoor area, and can choose to change the layout, or demolish and transport when moving.

Mr. Giles said that since the launch this month, orders have come one after another, and hope that there will be more orders after the show is broadcast.

He said: "We really turned garbage into buildings-we have two dragons to join.

"We asked for 5% of GBP 50,000, and both Tej and Sara provided us with 10% of the full GBP 50,000. We asked them if they would share the GBP 25,000, 5% per person, and they agreed.

"Since the shooting, we have started commercialization and sales on the board, including home offices and garden rooms, and we have more plans.

"A few years ago, I had this idea for the first time, watching refugees from Syria trying to take refuge in Macedonian tents in cold conditions. I remember thinking: "Why are there no temporary buildings? "

"We ultimately want to sell our products to all markets, but what we really want to do is use this money to fund other charitable work for humanitarian shelters that can be quickly established or quickly dismantled.

"Yes, we are happy to build a garden room for you, but the same principles will be used to build homeless shelters-this is our spirit.

"On our website, you can register your interest in the event, we will launch it on Crowdcube in 28 days, and we hope to receive £100,000.

"We firmly believe that a lot of shareholders will join and invest as little as £10. We want them to see what we are doing and say, "I have a share in this, but more importantly, I know that some of the money will be reused to do a good job." Work".

“When we make plastic, we usually make the most disposable items with the most permanent materials, so it’s great to recycle this waste into something with a longer lifespan, and it can be used in humanitarian shelters and Flood prevention also makes it a force for good.

"For Ogel, 2021 and beyond look very promising. Many orders are already in place, and the Russian and African and British markets are very interested."

Mr. Giles will present a business meeting and Q&A session hosted by Invest South Tyneside at the One Trinity Green content kit live event at 10 am on July 16.