Gadget firm nets Darley Dale man £1.2m
Theo Doulou, 29, launched a gadget company in 2012 from his mum’s Darley Dale home with just a laptop and £100.
After two failed attempts, it was third time lucky for the budding businessman – who went on to launch online company, TT Gadgets.
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Hide AdAnd this week the entrepreneur has flown to China, where he will finalise selling a 40 per cent stake in his company to a Chinese firm – for the incredible sum of £1.2 million.
Theo said: “It’s all a bit of a shock, if I’m honest.
“It’s a great feeling that the business has been valued so highly, though.
“It makes it even better – especially after the first two failed attempts.”
Theo and business partner, Ian, flew to China on Wednesday to officially shake hands with bosses at Chinese firm.
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Hide Ad“It’s all very exciting,” said Theo. “They’ve paid for the flights too, so I’m hoping it’ll be a good trip.
“The deal has been done effectively and this meeting is just to shake on it.
“But I’m a bit nervous and will be until everything is done and dusted.”
TT Gadgets sells a range of goods, including electrical gadgets, security products and research technology.
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Hide AdTheo said: “We’ve always had a strong Chinese market, which is why I think this firm is so keen to buy a stake in the company.”
He added: “As for the future, I’m not sure. Once this deal has gone through, I think we’ll take a look at what we want to do going forward.”
To find out more about TT Gadgets, visit www.ttgadgets.net