Blackburn snacks firm to appear on Channel Four documentary (From Lancashire Telegraph)
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Blackburn snacks firm to appear on Channel Four documentary
4:30pm Thursday 12th July 2012 in TV
Blackburn snacks firm to appear on Channel Four documentary
A BLACKBURN firm specialising in snacks for people with specific dietary requirements is looking at a bright future after appearing on a new Channel Four documentary.
Butterfly Snacks managing director Tariq Malik began producing his own line of gluten-free products after a family member was diagnosed with coeliac disease.
But, as with many small businesses, finding finance to expand was proving tricky.
That was when he heard about the ‘Bank of Dave’ programme, which will be screened tonight.
The documentary features Colne businessman David Fishwick and follows his attempt to set up a profitable bank in 180 days.
The self-made millionaire, who made his name with his North Valley Road minibus and vans empire, said he wanted to share his vision of a ‘people’s bank’ which aims to give entrepreneurs a leg up.
Thanks to the show, Mr Malik has been able to invest in further machinery, and also gain publicity for his business, based at Whalley Range in Blackburn. Mr Malik said: “The publicity from the show will be very helpful.
“After much trial and error, and with no prior catering experience, I set up Butterfly Snacks in 2006.
“I set up my business with very few resources.
“Banks have become very strict and no longer judge busi-nesses on an individual level.”
Mr Malik, 37, said that since launching his firm he had been able to expand his range to now cater for wheat intolerance, gluten intolerance and wheat allergies.
He added: “The products are beneficial for those suffering from ADHD, autism, eczema and diabetes.”
Now, thanks to his expansion he is hoping to see his products stocked in major supermarkets within six to 12 months.
The first of two episodes of Bank of Dave will be shown on Channel 4 tonight at 9pm.
TONY WALES says...
5:10pm Thu 12 Jul 12
What I don't understand is, if I give say £20,000 to Dave, and he loans this amount to a business. What happens to my money, if the company goes bust? About 25% of new businesses go bust in the first 12 months.
Is Dave going to repay me my money, with interest, or have I lost the money.
Does the person who borrows the money, hand over the deeds of his property as security, as a bank would require for example?
Also what Dave needs to watch for especially in this area, is somebody loaning him money, which has been obtained by crime.
There are if you read the newspaper, several cases of money laundering a month reported.
So good luck Dave, if your money loans work, the area may see the benefits with new jobs.
Perhaps I am over cautious, but then again I "have been round the Grand National Course a few times"