KDC Trading, which sold her equestrian and clothing lines, has been struck off by government officials after she failed to file any accounts for the ailing business since 2017.Credit: Splash News, who narrowly avoided bankruptcy last year, was warned in April the firm would be dissolved unless its books were received by Companies House.
Now the star, who was once worth £40million, has been told the deadline has passed and the firm will be broken up and any money left in its coffers will go to the Treasury.Katie, who launched two new clothing lines this year, is also being probed by the government over the collapse of another firm which sank with big debts.Katie Price hits the catwalk at kids' clothing launch
Liquidators have been brought in to break up Jordan Trading Ltd - which handled cash from a range of products including clothing and perfume lines – with Katie owing a total of £2.1 million. A liquidator’s report into Jordan Trading shows that Katie took out a £154,000 loan from the firm before it went belly-up which she cannot repay and she also owes the tax man £192,000.If any wrong-doing in the running of the outfit is discovered she risks being banned from being a company director for up to 15 years.
But she will only have to pay back 41 percent of what she actually owes — the equivalent of £856,358 — in monthly instalments.Got a story?
And here’s the book