KATIE Price’s glam horse wear range has just £636 cash in the bank after 18 months of trading, new accounts reveal.
The 43-year-old's KP Equestrian range sells goods including £39.99 riding leggings, £53 body warmers, hoodies costing £40 and a range of T-shirts and other tops for women, men and kids.
Katie launched the venture after it was revealed the bankrupt star owed more than £3 million.
On her website, Katie tells shoppers: “Horses have always been a big part of my life since I was a little girl. I used to spend hours at the yard when I was a teenager grooming, mucking out, learning to ride, trimming, practising my plaiting, hanging out with friends, grooming again and just being around the horses.
“As my life got busier and more hectic, I always made time for the horses, as it’s the only place where I could fully switch off and just enjoy my hobby. Horses are my happy place and where I can take time out and calm my soul. I love their company, feel, presence and even their smell. There’s nothing quite like the feeling when you turn up to the yard.
“With horses having been such a large part of my life for so long I’ve focused on getting my KP Equestrian range ready for you all, as it means so much to me. So you too can Dazzle in the Saddle and we can all share in our riding experiences."
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But the enterprise has failed to dazzle her accountants.
Books for KP Equestrian Ltd filed to Companies House this week showed that the outfit owes £12,460 to creditors.
The firm has stock valued at £22,908 and has cash reserves of £636. Accountants value the firm as being worth £21,084.
The accounts – for the period from November 2020 to April this year – also showed the company was owed £10,000 by a “debtor”.
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Katie's most recent bankruptcy hearing was postponed at the 11th hour back in June and a follow up date has yet to be revealed.
The hearing had already been pushed back from February, when Katie agreed a new payment plan with creditors – as well as paying off a small amount of cash owed.
And that hearing had initially been delayed from November 2021.
Ex-glamour model Katie, once worth £45m, was declared bankrupt in 2019.
She planned to pay £12,000 a month to creditors through an individual voluntary arrangement. However, it's alleged she's failed to keep to the agreement.
Last year, the star was hit with a repossession order on her 'Mucky Mansion' after failing to pay a £500,000 debt.
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The post Katie Price’s horse riding gear company has just £600 in the bank 18 months after launch – and owes taxman £12k | The Sun appeared first on celebritynewsapp.com.
