Prince Andrew has suffered a new blow after the closure of a company managing his private investments.
Urramoor Limited – over which the disgraced Duke of York had “significant control” – has applied for delisting just a year after it was rescued by a mystery donor.
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Accounts published last week revealed that the company, which had £208,000 in debt, was finally able to pay its debts last year, after receiving £210,000 from an anonymous source in December 2023.
The prince, 64, set up an investment fund under the name of HRH Andrew Inverness in 2013 – 18 months after he was stripped of the role of UK trade envoy over his association with billionaire Jeffrey Epstein.
But the company failed to make any profit in nine sets of accounts submitted.
Meanwhile, documents filed last week showed that more than £230,000 had been withdrawn from Andy's Dragon's Den initiative Pitch@Palace.
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Accounts submitted to Companies House on December 30 revealed that the amount of cash held fell by half – from £454,979 to £220,990 – during the financial year to March 31.
The future of the platform for connecting businesses with investors has been uncertain since a man linked to the program in China turned out to be an alleged spy.
Yang Tingbo, 50, has been banned from entering the UK on national security grounds.
The royal family is investigating claims that Andrew invited him to Buckingham Palace, Windsor Castle and St James's Palace.
Questions have been raised about how Andrew can afford to live at the Royal Lodge at Windsor after his brother King Charles canceled his funding.
There is also mystery about his luxurious lifestyle.
In 2007, it was revealed that the buyer of his house in Sunninghill Park, Berks, was related to a former Kazakh president, who paid £3 million over the asking price.
It was reported that Andrew took out a £1.5m loan from Luxembourg's Bank De Havilland in 2017 – which was repaid 11 days later by companies linked to bank founder David Rowland.
The Duke of York and Oramore were asked to comment.
