Prince Andrew may face his own nightmare before Christmas as the names of dozens of associates of his friend Jeffrey Epstein are set to be released in the new year.
In any case, Andrew does not have to worry financially.
I hear that one of his perennially failed business ventures is likely to end the year debt-free – thanks to a bailout from a mysterious donor.
In fact, I can reveal that a company filing published this week shows that a company set up to manage Prince Andrew's private investments has somehow secured £210,000 of funding in the form of non-redeemable shares.
Urramoor Limited, over which the Duke of York is said to have 'significant control', was founded in 2013 and was £208,000 in the red when its latest accounts were revealed.
A company set up to manage Prince Andrew's private investments has somehow secured £210,000 of funding in the form of non-redeemable shares.
The names of dozens of Jeffrey Epstein's associates will be released in the new year
However, according to a recently filed share allocation document, a total of 210,402 shares, with a nominal value of £1 each, were allotted on December 14, 2023 – which all but lifts the company out of debt, provided it doesn't continue to more is lost. money since 2022.
This would be a first for Urramoor, which has never been profitable in the nine accounts it has filed since its inception.
The company's director, Arthur Lancaster, also runs Doug Barrowman's firm AML Tax Ltd, which was found earlier this year by HM Revenue and Customs to have been running tax avoidance schemes.
Barrowman himself was in the media spotlight this week after a car crash interview with his wife, disgraced Conservative peer and lingerie mogul Michelle Mone, revealed the couple could stand to benefit from £60 million in profits from an infamous PPE deal which she previously denied any connection with.
However, Andrew, 63, will surely be happy with the inexplicable investment – and would likely have a few words of advice for Barrowman, should Lancaster put them in touch.
Conservative peer and lingerie mogul Michelle Mone revealed she and husband Doug Barrowman will benefit from £60 million in profits from infamous PPE deal
Urramoor company director Arthur Lancaster also runs Doug Barrowman's firm AML Tax Ltd, which was found by HMRC earlier this year to have been running tax avoidance schemes
“We're all cogs in a huge fucking machine, aren't we?” he reflected in a promotional interview for his other venture, Pitch@Palace.
'Some of us have the advantage of being able to activate more cogs than other people. That's all.'
A spokesperson for Arthur Lancaster and Urramoor could not be reached for comment yesterday.