A firm managing Prince Andrew's private investments has shut down, dealing another blow to the disgraced Duke. Urramoor limited, which Andrew, 64, had 'significant control over,' has applied to be struck off and dissolved, documents filed to Companies House this week show. This comes just a year after the investment company was bailed out by a mysterious donor.
Urramoor somehow secured £210,000 worth of funding in the form of non-redeemable shares in December 2023, documents filed at the time revealed. The company was £208,000 in debt before receiving the cash from an anonymous source. Prince Andrew initially set up the investment fund under the name HRH Andrew Inverness in 2013. It was established around 18 months after his trade envoy role was taken away from him due to his association with Jeffrey Epstein. But the company failed to make any profit in the nine sets of accounts it filed since its creation. The decision to shut Urramoor down was signed by the company's director Arthur Lancaster on January 3. MailOnline has contacted the Duke of York for comment. The news comes just days after it was revealed that more than £230,000 had been pulled from Prince Andrew's Dragon's Den-style initiative Pitch@Palace - which is also run by Mr Lancaster. During the financial year up until March 31, 2024, the amount of cash at hand and in the bank at the firm decreased by half, from £454,979 to £220,990. The accounts, which were filed to Companies House on December 30, show the withdrawal was signed by Mr Lancaster, on behalf of the board. However, mystery surrounds what the money has been used for or to whom it has been paid. This comes amid concerns about the future of the Duke of York's Pitch@Palace scheme after it emerged that a former boss at the company was an alleged spy
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Fonte: DailyMailUK - 🏆 7. / 90 Leggi di più »