A COUPLE'S business venture which appeared on the TV show Dragons’ Den has been rated the third most successful investment, according to Pocket your Pounds.

Founded by husband-and-wife Neil and Laura Westwood, Magic Whiteboard was created in 2006, and was later showcased on the BBC series in 2008.

Magic Whiteboard’s success meant the pair received a £100,000 investment from Theo Paphitis and Deborah Meaden. In return, the couple handed over 40 per cent of their business to the Dragons’.

Mr Westwood, from Worcester said: “We came up with the idea because I used to work at Worcestershire Royal Hospital. I used to go into the A&E department to train the nurses. They didn’t have a whiteboard. I thought there must be an easier way to make presentations, so I came up with the idea of Magic Whiteboard. It’s a roll of A1 whiteboard sheets that will stick on anything thanks to static.

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“It was quite intimidating at the time. We were new to business and I was still working at the hospital.”

Magic Whiteboard sells an array of stationery supplies, including: whiteboards, magnetic whiteboards, notebooks, sticky notes and pegboard noticeboards.

Mr Westwood, aged 47, posted the report from Pocket your Pounds about the company’s success on LinkedIn, which has received over 5,000 views.

He said: “I never usually get much interaction on LinkedIn. Usually about three people view my post, so it’s been phenomenal."

In September 2014, the Westwood’s bought back their shares from the Dragons', giving the investors £800,000 return on their £100,000 investment.

Mr Westwood added: “It has been a lot of hard work, but it’s been rewarding creating a product that customers like to use."

Mr Westwood will be going to The Bett Show, in London, with an apprentice next week where around 300,000 teachers will be attending.

He added: “It’s a big international show where foreign businesses attend.”

There are five people working for the business, which is based at M Pinches and Transport site in Blackpole.

Dragons’ Den has been helping entrepreneurs grow their businesses for 15 years.