The appearance marks a significant milestone for Anthony, who was seeking investment to help launch new models of the Time:o:stat.

Anthony showcased the success and potential of Time:o:stat to the formidable panel of Dragons, who are well-known for their impressive business acumen. Anthony shares his experience: "Being a huge fan of Dragons’ Den, walking through the lift doors was both exciting and terrifying! It is every entrepreneur's dream to be pitching in front of the entrepreneurs, but I was definitely very nervous."

The company says the Time:o:stat has rapidly grown in popularity as a solution to high heating bills in rented accommodation. Anthony, an experienced landlord himself, noticed spiralling heating bills in his shared student houses (HMOs). Tenants would often leave the heating running when whey went out to work or university, resulting in wasted energy. As landlords are often responsible for the bills in HMO properties, these high heating costs would ultimately be passed on to tenants in rent increases.

Anthony explained the problem: “While carrying out routine maintenance at a property, I noticed a big problem. It was a hot summer's day, the tenants were out, the heating was on full blast, and the windows were wide open. When I spoke to the tenants, they said the thermostat was too complicated. They had no idea how to set the different heating times, so they just left the heating running continuously.”

A thermostat was desperately needed to help landlords reduce their heating bills, while allowing tenants to easily turn on the heating whenever required.

The first Time:o:stat was initially intended just for use in Anthony’s rental properties. After seeing 40% savings on heating bills and positive feedback from tenants, Anthony decided to refine his invention, so other landlords could benefit. Since launch, Time:o:stat has garnered a loyal customer base among over 10,000 HMO and student landlords and can also be found in Airbnbs, holiday caravans, and other serviced accommodation.

The current model, the Time:o:stat Classic, is manufactured in the UK and recently won an award at the HMO awards. The Time:o:stat Classic is aimed at the student and professional HMO markets. The new Time:o:stat One, available for pre-order, is designed for the guest markets of Airbnb and holiday caravans.

Dragons’ Den Series 21, Episode 11 aired on BBC One at 8.00pm Thursday 14 March and is available on BBC iPlayer. 

www.timeostat.co.uk

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