Potential buyers circle Red Letter Days

Red Letter Days, the gift experience business founded by Rachel Elnaugh, TV 'personality' and only female member of BBC2's Dragons Den, went into administration on Monday. This was followed on Tuesday by news of a possible rescue by fellow Dragon Peter Jones and Theo Paphitis, the former chairman of Millwall Football Club, who are discussing buying the business with the administrators, Kroll.

Elnaugh's problem is potentially embarrassing for the BBC, which has only just finished recording a second series of Dragon's Den.

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