The company – which sells crafts supplies – has a head office and warehouse in County Durham, a store in Evesham and the former shop in Chesterfield.
She said: “I’m proud that we have saved over a hundred jobs in the North but I’m very sorry that these colleagues had to leave the family.”
Ms Davies added as the business has been rescued from administration, saving more than a hundred jobs, it was “important to make sure that we focus our efforts” on the remaining store and website, “to ensure Crafter’s Companion’s future success”.
She added: “I have invested my own money back into the business, and alongside a new financial partner who has also invested, I am now a major shareholder again.”
Ms Davies became the youngest ever female dragon to join One’s Dragons’ Den and was awarded an MBE for services to the economy in 2016.
She receive an honorary degree from the University of York in 2024 in recognition of her “outstanding contribution to society”.
The accounts for Crafter’s Companion Limited for the 2024 financial year were overdue before the company went into administration.
The most recent filed accounts show its revenue fell from £37.8m in 2022 to £29.9m in the 2023 financial year, a drop of 21%.
