Is Talpa Products Ltd Still in Business? (2026 Update)
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Look for Talpa Products Ltd on AmazonFull story →Sharon Wright pitched Talpa Products Ltd, Magnamole, a magnetic tool that guides wiring through a stud wall without needing to drill blind, wanting £50,000 for just over a fifth of the business, and landed backing from Duncan Bannatyne and James Caan.
The original company is no longer trading.
A Practical Trade Tool, A Bigger Offer Than Asked
Electricians and serious DIY enthusiasts are the real customers for a tool like this, already understanding exactly why guiding a cable safely through a wall cavity is worth paying for, which gave the pitch an easy sell to a panel that understands trade products.
Caan and Bannatyne jointly proposed more cash than Wright had asked for, seemingly a clean win, until a dispute reportedly surfaced over whether that extra money was a straightforward equity purchase or effectively a loan she would owe back.
A Dispute, Then Independent Growth, Then A Closure
Wright's legal representative ended the arrangement over that disagreement, and she went on to raise a separate six-figure sum from another investor entirely, funding that reportedly helped the business grow in the years that followed.
Despite that period of expansion, the original limited company was struck off in 2013. Small manufacturers restructure or wind down for all sorts of reasons once a founder moves on, and the public record here does not spell out exactly which applied.
Where Things Stand
No current UK retailer or official website tied to this company appears to be trading the tool today, and Companies House confirms the closure.
A similarly branded cable-guiding product does exist from an American manufacturer, but nothing connects it to Wright's original UK venture beyond a shared name, so shoppers should not assume the two are related.