Energy-saving service Look After My Bills co-founders land record Dragons’ Den deal of £120,000 for three per cent share of their company

Henry de Zoete and Will Hodson got £120,000 — for just a three per cent share of their company.

It is the lowest amount of equity in the 13 years the show has been running.

Henry, 37. and Will, 36, are co-founders of Look After My Bills, which puts families on to a new cheap tariff every year.

The two university pals spent three hours in the Den before signing with Tej Lalvani and Jenny Campbell.

Henry, a special adviser to Michael Gove in the coalition government, said: “We were apprehensive about applying to the Den and worried we’d get torn to shreds.

"But we were blown away by the positive feedback.”

Normally for £100,000, the Dragons would want 30 to 40 per cent equity.

1 in 5 go from Big Six tariffs

They saved approximately £300 on average, said regulator Ofgem.

It contacted around 50,000 customers with the six big suppliers to tell them how much they could save.

Some 22.4 per cent moved tariffs, with almost a quarter over 75.

Ofgem said: “Many on poor-value deals rarely switch as they think it’s too much hassle.”

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