Sarah Ferguson Closes Six UK Businesses Amid Financial Scrutiny
Sarah Ferguson, the former Duchess of York, has decided to close down six of her business ventures in the United Kingdom. The companies, including S Phoenix Events, Fergie’s Farm, La Luna Investments, Solamoon Ltd, Philanthrepreneur Ltd, and Planet Partners Productions Ltd, are in the process of being struck off the register. These businesses have had limited activity in recent years and are mostly dormant. Ferguson serves as the director of all six firms, and the closures could be finalized in around ten days unless there is a legal reason to stop it.
The decision to shut down these companies comes amid renewed scrutiny and questions about Ferguson's finances, especially in light of the scandal involving her ex-husband, Prince Andrew. While Ferguson is still listed as an active director for three other companies, including Ginger and Moss and Librasol, the closure of these six businesses signifies a significant change in her business ventures. The speed at which the closures are happening has raised eyebrows, with one remaining business, Ginger and Moss, reportedly trading but sitting in deficit according to Companies House figures.
Royal commentator Margaret Holder suggested that the closures represent a "bonfire of Fergie's vanities," indicating that Ferguson had ambitious financial goals that were impacted by her association with the scandal involving Prince Andrew. Despite her efforts to make millions through her business ventures, the current situation has forced her to leave some of them behind. The closures of these companies mark a significant shift in Ferguson's business portfolio and raise questions about her financial future.