Ex Dragon steps back from role in craft company

FORMER Dragons' Den star Sara Davies is stepping back from her day-to-day role at North East firm Crafter's Companion. It comes after spearheading a rescue op for the company last year.

- By COREENA FORD

The entrepreneur and TV personality, who lives in Wynyard, returned to the County Durham business in December after it teetered on the brink of collapse. Working with investment group Modella, she kept the firm going and saved most of its jobs.

Now Modella has sold its holding in the company to Maven Capital Partners, with Ms Davies increasing her shareholding in the company, reports the Gazette's sister website Chronicle Live.

But she has stepped away from day-to-day management after appointing former CBI regional director Diane Sharp as managing director. Ms Davies will continue to have strategic overview at the firm and will still be a director.

She hopes investment from the new owners will spark growth at the firm, though she revealed changes in the business environment, including US tariffs, have presented challenges.