Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Lord Sugar Invests in The Apprentice Winner’s Business

by June 21, 2024
June 21, 2024
Lord Sugar Invests in The Apprentice Winner’s Business

Lord Alan Sugar has officially invested in R Nation, the company run by Rachel Woolford, the latest winner of BBC One’s The Apprentice. Woolford secured the £250,000 investment after defeating Phil Turner in the show’s final, which aired in April.

According to documents filed with Companies House, Lord Sugar’s investment firm, Amsvest Limited, has acquired up to a 50% stake in R Nation. Additionally, Lord Sugar (pictured with his with Lady Ann Sugar) joined the business as a director on June 17.

R Nation, established in 2019 and based in Loughton, operates a gym in Leeds. However, the company has yet to turn a profit. In 2023, it reported a loss of £336,346, following a similar financial performance in 2022 when it owed £288,409. The filings indicate that most of the expenses were attributed to equipment costs.

Despite the financial challenges, Lord Sugar’s investment and direct involvement could provide the necessary support to steer the company towards profitability.

Earlier this year, The Sunday Times Rich List estimated Lord Alan Sugar’s net worth at £1.082 billion, ranking him 159th, up from 165th the previous year. Known for founding Amstrad, a British consumer electronics company, Sugar made his fortune primarily through property investments.

While The Apprentice experienced a drop of 1.2 million viewers during its February launch this year, the show remains a significant platform for aspiring entrepreneurs. The series, which has been a staple on BBC since 2005, once attracted peak viewership of 6.8 million.

Lord Sugar’s latest investment in R Nation underscores his continued commitment to supporting emerging business talent and fostering entrepreneurial growth through The Apprentice.

Read more:
Lord Sugar Invests in The Apprentice Winner’s Business

0
FacebookTwitterGoogle +Pinterest
previous post
Sir Jim Ratcliffe Criticises Labour’s Energy Plans Despite Backing Starmer
next post
Gilead’s Game-Changer: What You Need to Know About the Stock

You may also like

Beating Content Decay: How to Revitalise Your Company’s...

October 24, 2024

IR35 reforms to be scrapped in April 2023

September 23, 2022

How you can benefit from fast withdrawal casinos

August 12, 2024

UK private sector activity contracts for second month,...

May 23, 2025

Pensions to get boost as tax-free limit to...

March 14, 2023

Nationwide limits crypto exchange payments as consumer risk...

March 3, 2023

Getting to Know You: Marcia Tiago, Founder of...

March 10, 2023

FTSE 100 ends year up 3.8% but trails...

December 30, 2023

Google and UK Government announce landmark deal to...

July 9, 2025

OAP job market boom with seven times more...

January 18, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The Radiology Group Atlanta: Helping Small Hospitals Stay Open with Smart Imaging Support

      July 15, 2025
    • Senate GOP braces for test vote on Trump’s $9.4B clawback package

      July 15, 2025
    • Anthony Bernal: Who is Jill Biden’s top aide ordered to testify about alleged cover-up?

      July 15, 2025
    • Hegseth abruptly pulls Pentagon officials from ‘globalist’ Aspen conference

      July 15, 2025
    • Mike Waltz faces post-Signalgate ‘brutal’ grilling from Dems in UN ambassador hearing

      July 15, 2025
    • SCOOP: Fiscal hawks fire warning shot at Senate GOP for pushing changes to Trump’s $9.4B spending cuts bill

      July 15, 2025

    Categories

    • Business (8,484)
    • Investing (2,121)
    • Politics (16,045)
    • Stocks (3,209)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved