Katie Worth’s monetary troubles seem to indicate no indicators of easing after she quietly shuttered one more enterprise – simply as husband Lee Andrews faces eye-watering authorized payments following his launch from a Dubai jail.
The previous glamor mannequin, 48, has dissolved her using clothes firm, KP Equestrian Ltd, bringing the curtain down on a model she as soon as hoped would have followers ‘dazzling within the saddle’.
The corporate, which offered every thing from using tights and vests to hoodies and T-shirts for adults and youngsters, was formally faraway from the Corporations Home register this week.
Katie Worth initially launched KP Equestrian on September 3, 2008 at Holborn Studios in London. After closing the corporate in 2017, she formally relaunched the model on December 3, 2021.
Katie had beforehand promoted the vary at equestrian occasions and even arrange stalls to promote the garments in individual.
However there had been indicators for a while that the corporate had quietly floor to a halt.
The model’s Instagram account hasn’t been up to date in two years, its web site is gone, and the net retailer the place ex-fiancé Carl Woods as soon as modeled the gathering is now utterly gone.
Monetary information exhibits that the corporate by no means fairly discovered its footing.
The newest accounts filed with Corporations Home present that KP Equestrian Ltd has simply £1,000 within the financial institution and internet property of round £15,000. That is a notable drop from 2022, when the corporate was valued at greater than £26,000.
The closure is one other setback for Katie, who launched the equestrian line after it emerged she owed greater than £3million. She introduced it as a ardour venture impressed by her lifelong love of horses.
On the corporate’s web site, she described horses as her “pleased place,” explaining that they’d all the time supplied an escape from the chaos of her public life.
“Horses have all the time been an enormous a part of my life since I used to be a bit of woman,” she wrote.
She recalled spending her teenage years mucking out stables, grooming horses and studying to experience, earlier than including that at the same time as her profession turned more and more hectic, she all the time discovered time to return to the stables.
“There’s nothing like the sensation of strolling into the courtyard,” she mentioned, describing the corporate of horses as a option to “soothe my soul.”
Katie additionally advised followers that she had thrown herself into designing the gathering, promising fashionable and cozy using garments with ‘my very own sparkle added’.
Sadly, the glint does not appear to have translated into gross sales.
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The timing is especially tough as her husband Lee Andrews is now beneath vital monetary strain himself after reportedly being arrested for unpaid money owed.
Following his launch from Dubai’s Al-Awir jail, Lee is reportedly combating fines and monetary calls for believed to be between £100,000 and £120,000.
Katie has already made it clear that she is not going to pay that invoice.
Chatting with The Solar, she mentioned: ‘There’s nothing I can do. I am not right here to pay for something for anybody.
‘I’ve my very own life. Though he is a part of my life.’
With one firm quietly disappearing and no signal of the equestrian model returning to motion, solely time will inform what Katie’s subsequent money-making plan will appear to be.
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