As Prince Andrew prepares for the shocking possibility that he could have to pay off his sexual assault accuser, he has received a painful financial blow.
I can reveal that a business controlled by the Queen’s second son has plunged into £200,000 of debt.
Urramoor Ltd, which was used to manage investments, slipped deeper into the red, according to newly filed accounts.
Prince Andrew, who faces a highly damaging U.S. court case brought by Virginia Roberts, is listed as having ‘significant influence or control over the trustees of a trust’ using the name HRH Andrew Inverness.
Urramoor Ltd, a business which is controlled by Prince Andrew (pictured leaving the Royal Lodge), has plunged into £200,000 of debt, according to newly filed accounts
The use of the name Inverness, which stems from his title Earl of Inverness, led to concern that he was attempting to avoid scrutiny over his involvement.
Last week, Andrew was asked not to use his HRH handle in any official capacity by the Queen.
It was also announced by Buckingham Palace that he would be facing the lawsuit by Ms Roberts (now known as Virginia Giuffre) as a private citizen.
Urramoor Ltd was set up in 2013, 18 months after he was forced to step down as a UK trade envoy over his relationship with the late Jeffery Epstein, the financier convicted of child sex offences.
It has been described in the past as the ‘private investment office of HRH Duke of York’ by another company with which it worked.
The paperwork, covering the 12 months to the end of March last year, is signed off by chartered accountant Arthur Lancaster, who is also a director of the business.
Prince Andrew faces a highly damaging US court case brought by Virginia Roberts (pictured). Buckingham Palace that he would be facing the lawsuit as a private citizen
Ms Roberts claims she was sex-trafficked by Epstein, and has alleged she was forced to sleep with the Duke of York (both pictured) three times when she was 17, in 2001
Earlier this month, it was reported that Prince Andrew had sold his £17 million Swiss chalet, enabling him to pay off a £6.7 million debt with French socialite Isabelle de Rouvre.
It also left him with around £10 million, which some believe could be needed for the court action over his alleged relationship with Ms Roberts.
She claims she was sex-trafficked by Epstein, and has alleged she was forced to sleep with the Duke of York three times when she was 17, in 2001.
Andrew has vehemently denied her claims.
CAMILLA CRAVES A ‘NORMAL’ BEAU
As the Marquess of Waterford’s daughter — named as one of the new generation of ‘It Girls’ by Tatler — Lady Camilla Beresford might be expected to court suitors from society’s upper echelons.
However, the aspiring fashion designer, 26, whose father’s 2,500-acre Curraghmore Estate is the largest in private hands in Ireland, says she favours chaps from the lower orders.
Lady Camilla Beresford (pictured), whose father’s 2,500-acre Curraghmore Estate is the largest in private hands in Ireland, says she favours chaps from the lower orders
‘I do 100 per cent prefer dating more normal men to aristocrats,’ she tells me at a private view of artist Alex von Moltke’s digitised portraits in bronze at Linley Belgravia.
‘It’s more fun. They tend to take life less seriously — and I like that.’
Motormouth Jeremy Clarkson, who was dropped by the BBC after punching a Top Gear producer who failed to provide him with a hot dinner, has finally admitted to having an anger-management problem.
‘I always regret being shouty,’ admits the Grand Tour presenter, 61.
‘I have said politely 30 times to all the girls that work there [at his Diddly Squat Farm in Oxfordshire], ‘Would you mind working in your own offices, not mine’, and they just ignore me. So now I have tried shouting. I suppose it’s a fairly nasty trait.
‘I’m going to struggle at the pearly gates, that’s for damn sure.’
THE PARTY’S OVER FOR ENFANT TERRIBLE EMIN
When Tracey Emin went to a Conservative arts dinner and met David Cameron, she was so impressed that she switched her political allegiance from Labour.
She even designed and donated a neon sign artwork to Downing Street, which spells out ‘More Passion’ and is believed to be worth £250,000.
But now the former enfant terrible of the art world has thrown her toys out of the pram and demanded the work be removed from No 10.
Tracey Emin designed and donated a neon sign artwork to Downing Street, which spells out ‘More Passion’ and is believed to be worth £250,000
But now the former enfant terrible of the art world (pictured with Boris Johnson) has thrown her toys out of the pram and demanded the work be removed from No 10
‘It was a gift from myself to the Government Art Collection,’ Emin, 58, confirms.
‘I am in the process of requesting that my artwork be removed from 10 Downing Street.’
Referring to the string of lockdown parties held there, she adds: ‘I feel More Passion is the last thing this present Government needs. This current situation is shameful.’
I’M A CELEBRITY… GET ME A FORTUNE!
Queen Of The Castle Giovanna Fletcher (who is married to McFly singer Tom Fletcher) made almost £500,000 following her victory in the ITV reality show last year.
Assets in the podcaster’s firm rocketed from £362,000 to £839,000 in the 12 months to last April.
Newly filed accounts for Giovanna Fletcher Ltd show the money came from book sales and endorsements via her podcasts and social media.
I’LL DRINK TO THAT! SINGER ELLIE’S IMPECCABLE TASTE
Pop star Ellie Goulding, who co-owns her own plant-based alcoholic drinks company, has, it seems, been on an undercover mission to seek out new flavours.
Dressed in a £90 Stussy jumper with a peace sign on it, a brown beanie hat and little make-up, the singer was spotted eyeing up the menu at a juice bar in West London.
The chain sells non-alcoholic juices with names such as Spicy Immunity and Rocket Fuel.
Pop star Ellie Goulding, who co-owns her own plant-based alcoholic drinks company, was spotted eyeing up the menu at a juice bar in West London
Goulding, 35, who’s a friend of the royals, bought into Served last year.
It uses ‘wonky’ fruit that usually goes to waste to make gluten-free alcoholic sparkling water.
Boris Johnson should count his blessings that David Davis’s attack on him in the Commons yesterday was only verbal.
When they were at a meeting while Theresa May was PM, Boris asked the then Chancellor Philip Hammond for roughly £150 million a week for the NHS.
Hammond just replied: ‘Silly boy’.
However, Davis, a former member of the Territorial Army’s 21 Special Air Service (Artists) Regiment, clipped Boris over the back of the head with his hand.
‘Amber [Rudd, at the time Home Secretary] said it was extraordinary, and she was rather shocked,’ reports Sasha Swire in her memoirs.
‘That’s DD, of the SAS, for you.’