EDEN CONFIDENTIAL: Middletons mail order business suffers loss of nearly £300,000
EDEN CONFIDENTIAL: Party madman for the Middletons as their mail order business suffers a loss of nearly £300,000
The Princess of Wales’ parents, Michael and Carole Middleton, have made enough money from their party props business to put three children into boarding school and buy a mansion for £4.7million.
Yet their mail order company, Party Pieces, lost almost £300,000 last year.
Recently released figures reveal that Party Pieces Holdings recorded a loss of £285,506 in 2021, making its net balance sheet deficit £1.35m.
EDEN CONFIDENTIAL: The Princess of Wales’ parents, Michael and Carole Middleton (pictured at Royal Ascot), have earned enough money from their party props business to put three children into boarding school and buy a mansion for 4, £7 million
The Middletons own just over half the business, with lingerie mogul Steven Brentwood and Darryl Eales also listed as shareholders.
A business review at the end of the accounts reports: “During the year the company recorded an impressive 18% increase in retail revenue despite a difficult period for UK retailers.
“The after-tax loss represents the continued investment in the company’s growth plans, including the launch of a wholesale division and the opening of new territories in the United States, Europe and the Middle East. “
Yet their mail order company, Party Pieces, lost nearly £300,000 last year (Image: Carole Middleton for Party Pieces)