Carole and Michael Middleton face further heartache over family business

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Party Pieces fell into administration in 2023

Kate's mother Carole set up Party Pieces from home in 1987 and the internet company became a huge success.

The newspaper reports that Party Pieces' assets were "insufficient to cover the advisers' time costs of £268,928" and that Interpath's team were unable to recoup the total fees for the work by its restructuring professionals, who have "charged an average hourly rate of £566". The City-based firm has received fees of £51,437, but in a report says it "does not to intend to draw our fees in full".

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