Dragons’ Den success story faces uncertain future

A Leicestershire business that snared investment on Dragons’ Den and won a Queen’s Award for Enterprise is facing an uncertain future, TheBusinessDesk.com understands.

Sublime Science, which aims to highlight the fun side of science to children at parties and other events, has filed a notice of intention to appointment administrators through law firm Squire Patton Boggs.

The move will protect Enderby-based Sublime Science from creditor action for around 10 days.

Marc Wileman founded Sublime Science with a small Prince’s Trust loan back in 2008 when he was just 22. The firm has since won a Netmums Kids Party Award.

In 2015, Dragons’ Den star Sarah Willingham invested in the firm when Wileman pitched on the show.

In 2018, Marc Wileman sold 100% of his equity, stepping down as the company’s director and it was sold to private equity investor Hyphen Capital.

According to its latest available accounts, made up to the end of October 2023 Sublime Science employed 13 people and had total assets less current liabilities of £340,820. Net profits for the year stood at £1.8m.

Sublime Science has been contacted for comment.