The pitch
What walked into the Den
First Light Solutions appeared on Dragons' Den in season 3, episode 3, which aired in 2006, pitched by Matthew Hazell.
In the pitch, First Light Solutions asked the Dragons for £100,000 for 30% of the business, valuing the business at about £333,333.
After the show
What happened next
On air, First Light Solutions agreed a deal of £100,000 for 30%, backed by RichardFarleigh. The terms are quoted from the aired episode as public record.
When we last looked in July 2026, First Light Solutions had wound down, so we mark this pitch as no longer for sale.
Our read
The Hub verdict
A sonar system that detects a man overboard is a serious piece of safety engineering, and Matthew Hazell pitched it in series three at £100,000 for 30 percent, a valuation of £333,333. Richard Farleigh, one of the early-era Dragons with a technology bent, took the stake at the exact terms proposed. Six-figure asks were less routine in 2006 than they later became, so a full-value close on a technical product is a notable line in the record. The equity held at 30 percent and the cash at £100,000, with no on-air adjustment. What happened to the detection system in the years after is the aftermath we track, and one we would verify rather than infer from a decade-and-a-half-old broadcast.
Worth knowing: Deal terms reflect the aired episode and are public record. Availability can change, and we only add a buy link once we have confirmed a current listing.
