New Dragons’ Den entrepreneur Sara Davies previously invested in a renewable energy scheme that was wound up by HMRC.
She was one of dozens of investors who put £241million into Elysian Fuels partnerships, which was closed down by HMRC at the High Court in January 2016 over a £5.2million unpaid VAT bill.
Davies is also a director of Sara & Simon, which was £27,458 in the red at the time of its latest accounts.
And she was a director for just over a year until November 2015 at Bibee Maternity, which went into voluntary liquidation.
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Its statement of affairs reported a £79,000 deficit. Her company Crafter’s Companion, specialising in craft tools, employs more than 190 staff.
Davies earned £121,800 last year from the firm, which made a £157,762 profit on £24million turnover up to April 2018, according to the latest accounts.
BBC bosses insist she has “demonstrated she has the wealth required.” A spokesman said: “All Dragons are subject to rigorous due diligence.”
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Davies, who at 35 is the youngest Dragon, said: “My husband and I went into Elysian Fuels in good faith, having had two lots of due diligence done.
“We’ve hired a firm to investigate whether it had been mis-sold.
“Even the best business people make investments that don’t work out.
The series is due to air this summer.
