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Creditsafe Group, the global business intelligence expert, has found that despite a significant investment from Lord Alan Sugar, past winners of the show still have a relatively low net worth and poor credit rating.

Over the last five years the winners net worth, credit score and credit limit have decreased on average by 73%, with credit scores falling from 87 to 64 and credit limits reduced from £46,000 to £2,000, according to Creditsafe data.

Analysing the figures on its database, Creditsafe discovered that none of the winning candidates in the last five years have doubled the £250,000 investment made by Lord Sugar, with the most recent winner Alana Spencer’s net economic position valued at just £7,538 with a £2,000 credit limit. In comparison, the 2012 winner, Richard Martin has a £325,789 net worth and a £46,000 credit limit.

In addition, businesses of past Apprentice winners appear to have prospered once the candidate had stepped aside. Alresford founded by Tom Pellereau (2011 winner), Aston Rowant in which Lee Mcqueen (2008 winner) was a director and London Contemporary Orchestra Limited where Simon Ambrose (2007 winner) was a director, saw a significant uplift in credit score and credit limit when the Apprentice winners stepped away. For example, Tom Pellereau resigned on 15/12/2011 from Alresford when the credit score was 43 and the credit limit was £500, the business now has a credit score of 80 and a credit limit of £1,000.

David Walters, Head of Content & Technology at Creditsafe UK & Ireland, said: “There is a misconception that once a candidate wins the Apprentice, they will have immediate success in business. We can see from the data that this isn’t always the case. While the past five winners are all profitable, there is no evidence to suggest the partnership with Lord Sugar provides any further financial security past the initial investment. It will be interesting to see who wins on Sunday night and how they perform in comparison to the previous winners over the next few years.”

STILL WORKING WITH LORD SUGAR? NO. OF ACTIVE APPOINTMENTS NET WORTH OF LISTED COMPANIES CREDIT LIMIT DISSOLVED APPOINTMENTS CREDIT SCORE
2016 winner Alana Spencer Y 1 £7,538 £2,000 0 64
2015 winner Joseph Valente N 3 £140,701 £8,666* 1 63*
2014 winner Mark Wright Y 2 £282,277 £34,500* 1 93*
2013 winner Leah Totton Y 1 £356,853 £25,000 0 95
2012 winner Richard Martin Y 1 £325,789 £46,000 0 87

 

The Apprentice is currently being aired on BBC and is in its thirteenth series. This week Lord Sugar, in a surprising turn of events, chose both finalists, Sarah Lynn and James White, as winners. A first in the TV show’s history.

*Average across all active businesses.

(Source: CreditSafe)

Finance Monthly Magazine is pleased to announce that its 2016 M&A Awards edition has now been published.

Every year Finance Monthly M&A Awards recognise and celebrate the achievements of dealmakers, management teams, financiers and professional advisers who, over the 12 months, have demonstrated their deal making excellence when working on some of the most important deal across the globe.

Finance Monthly’s research department has spent the past several months carefully researching and identifying some of the most respected individuals and firms from all over the world. The process, compromising of an online vote and personal nominations, culminated in Finance Monthly’s research team collating the totals to compile a definitive list of industry leaders. All of our M&A Awards winners show an insight into the market that proves why the demand for expert dealmakers continues to increase year upon year.

Editor-in-chief, Mark Palmer commented: “The M&A process is a tried and tested formula for the growth and prosperity of a company, and yet, it is a very complex field to navigate. We are extremely proud that all of the individuals and organisations that are listed within Finance Monthly’s 2016 M&A Awards have excelled in helping companies overcome the complications that can arise during these transactions and have contributed to achieving excellent results.”

Finance Monthly would like to thank all contributors and participants in the 2016 M&A Awards. Congratulations to our winners and finalists.

To view the awards publication please visit: http://mandaawards.finance-monthly.com/

Finance Monthly Magazine is pleased to announce that its 2016 CEO Awards edition has now been published.

Every year Finance Monthly CEO Awards celebrate the success, innovation and strategic vision of CEOs across a wide variety of sectors and industries globally.

Finance Monthly’s research department has spent the past several months carefully researching and identifying some of the most outstanding, ambitious and forward-thinking CEOs in the corporate world today. As a final result, we are excited to present you a publication detailing senior individuals who have been instrumental in achieving their companies’ desired aims and driving their businesses forward.

Editor-in-chief, Mark Palmer commented: “It is vital for every business striving for success to have a leader whose diligence, innovative thinking and ingenuity inspire their team to demonstrate the same qualities and achieve excellence. We are happy that all of the individuals that are listed within Finance Monthly’s 2016 CEO Awards are corporate leaders who aspire to these qualities and whose enthusiasm and hard work help their companies successfully accomplish their goals.”

Winners this year include Marc Bell from Benenden Health, Steve Parker from Quantum Imaging, Robin von Heim from Simplesurance GmBH and Peter Alderson from LDF, among others.

Finance Monthly would like to thank all contributors and participants in the 2016 CEO Awards. Congratulations to our winners and finalists.

To view the awards publication please visit: http://ceoawards.finance-monthly.com/

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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
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