Previous Dragon’s Den stars square up in court spat
James Caan and Julie Meyer, who both appeared on the hit show, have fallen out more than a fund for budding business owners &#thirteen 

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Two previous Television set Dragons have been embroiled in a authorized struggle more than a taxpayer-funded plan to support fund budding young entrepreneurs.
James Caan, who appeared on the hit BBC display Dragons’ Den from 2007 to 2012 and Julie Meyer, who featured in an online spin-off model, fell out more than a deal struck in between Startups Loans, of which Mr Caan is chairman, and Ariadne Cash, Ms Meyer’s enterprise funds fund.
Doug Richard, who appeared in the 1st two collection, was also described in conjunction with the case.
The situation, which has been ongoing considering that 2013, was introduced by Startup Loans, which is looking for to recuperate charges from Ariadne Cash, selected as one particular of the unique shipping and delivery associates for the plan, overseeing the distribution of loans worth up to £2,500 to business owners.
London’s Mercantile Court read how Ms Meyer fell considerably brief of targets, putting just six loans in 6 months in 2012.
The agreement with Ariadne was subsequently not renewed by the Startup Loans Organization, which afterwards sued Ms Meyer’s agency for £50,000 in purchase to claw back again resources.
Ms Meyer countered that Ariadne had been remaining out of pocket. Fees tied to the scheme, which integrated the retain the services of of a former Barclays romantic relationship director on a wage of £75,000, offset any legal responsibility to meet the repayment, she argued.
Moreover, she claimed that her initiatives to distribute financial loans had been hamstrung when the Gazelle School Group, with whom she had solid a romantic relationship, selected Mr Richard’s School For Startups, an entrepreneurship programme, as a conduit to the scheme’s resources.
“It is not for me to determine if [Ms Meyer’s] unhappiness is justified,” mentioned David Mackie QC, presiding, but no matter whether Start Up Loans was in breach of contract. He located in favour of the state-funded loan plan and requested Ariadne to repay the £50,000 advance plus curiosity and fees.
The bank loan plan is an initiative of Lord Young, the previous cupboard minister who was appointed as David Cameron’s Business Adviser in 2010. It is funded by the Office for Business, Innovation & Expertise and has issued more than £130m well worth of financial loans to twenty five,000 fledgling firms because inception.
Mr Caan was not current in court and the Start Up Financial loans Firm had not responded to a ask for for comment at the time of producing.
“I did everything I did for Begin Up Loans in a public-spirited way,” Ms Meyer instructed The News Company I’m disappointed that they did not assist me far more or greater.”