Katie Price swerves £174,000 tax bill after cosmetics company goes bust

ok.co.uk:

Katie Price is reported to have narrowly missed out on having to pay a £174,000 tax bill to HMRC following her cosmetics company going bankrupt.

Despite having several successful business ventures to her name including her KP equestrian clothing line and her newly launched OnlyFans account, it’s been Katie’s make-up company that has failed to get off the ground out of them all.The 43 year old’s cosmetic business Jordan Trading Limited went bust in 2017 owing hundreds of thousands of pounds to creditors and caused the former glamour model to put the company into voluntary liquidation.

Get exclusive celebrity stories and fabulous photoshoots straight to your inbox with OK!'s daily newsletter . You can sign up at the top of the page.

Moorfields Liquidators came in to handle the matter and attempt to repay creditors who still haven’t been paid following the collapse of Katie’s business five years ago.The Sun has reported that the Moorfields company has stated that the entrepreneur owes over £369,000, breaking down the total amount to be £192,376 owed to HMRC, £152,478 to the director’s loan account and £25,746 to “trade and expense creditors”.The insolvency firm also suspected that unsecured creditors will receive “approximately 8.19p in the £ will be made to the unsecured creditors’.