Magic Whiteboard Net Worth 2024 Update (Before & After Dragons’ Den)
Magic Whiteboard, Portable whiteboard in the form of a roll, was started by Neil and Laura Westwood in April 2006. As of 2024, Magic Whiteboard net worth is £1.6 Million and they’re pulling in a whopping £3.64 million in annual revenue.
In August 2008, they appeared on Season 6th of Dragons’ Den UK and made a deal with Deborah Meaden and Theo Paphitis, for £100,000 For 40% of equity. The final valuation was £250,000, down from the founder’s initial estimate of £666,666.6.
Magic Whiteboard is the original and the best instant whiteboard. Magic Whiteboard uses static to stick to any hard surface. They are still in the business. You can buy their products on the company website.
Magic Whiteboard Net Worth
| Net worth | £1.6 Million |
| Annual Sales Revenue | £3.64 million |
| Profits | N/A |
| Lifetime sales | N/A |
| Investor | Deborah Meaden and Theo Paphitis |
| Founders | Neil and Laura Westwood |
| Employees | 23 |
Magic Whiteboard Net Worth Timeline
| Net Worth 2024 | £1.6 Million |
| Net Worth 2023 | £1.6 Million |
| Net Worth 2022 | £1.2 Million |
| Net Worth 2018 | £444,961 |
| Net worth valuation 2008 after appearing on Dragons’ Den | £250,000 |
| Net worth valuation 2008 before appearing on Dragons’ Den | £666,666.6 |
Magic Whiteboard Pitch on Dragons’ Den
| Company name | Magic Whiteboard |
| Product | Portable whiteboard in the form of a roll |
| Episode | Season 06 Episode 05 |
| Founders | Neil and Laura Westwood |
| Asked for | £100,000 For 15% Equity |
| Final deal | £100,000 For 40% Equity |
| Dragons | Deborah Meaden and Theo Paphitis |
| Location | UK |
Magic Whiteboard Founders
Magic Whiteboard was founded by Neil and Laura Westwood in 2006. They are a husband and wife team for Worcester UK. Magic Whiteboard’s founders, Neil and Laura Westwood, have a net worth of £166,666 as of 2024.
Key accomplishments:
| Year | Accomplishment |
| 2006 | Founded Magic whiteboard |
| 2008 | Appeared on Dragons Den season 06 and Magic Whiteboard has been rated the third most successful investment |
Conclusion:
From their beginnings on Dragons’ Den to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Magic Whiteboard and its continued success.
Don’t miss these Dragons’ Den products..
