Which company did Duncan Bannatyne found before becoming an investor on Dragon's Den?

Duncan Bannatyne founded Bannatyne Group before becoming an investor on Dragon's Den.

The Bannatyne Group is a British health-club, spa and hotel business. Bannatyne built the company after developing a wider portfolio of businesses, and its expansion made him one of the prominent entrepreneurs associated with the early BBC panel.

Bannatyne joined Dragon's Den in the programme's second series and remained a Dragon for many years. His direct, often forthright questioning became one of the show's recognizable features. He frequently focused on sales, margins, valuation and whether an entrepreneur could scale a business.

The company name is sometimes confused with businesses linked to other Dragons. Red Letter Days was associated with Rachel Elnaugh and later Peter Jones, while Ryman was acquired by Theo Paphitis. Bannatyne Group is the distinctive answer connected with Bannatyne himself.