Embarrassment for Kate Middleton – wife of Britain’s heir to the throne William and the Princess of Wales – over the flaws that emerged in the accounts of her parents’ family business: officially declared bankrupt – but rather secretly – the month last year after the crisis during the restrictions suffered in connection with the Covid pandemic. The bankruptcy of the company that made the Middletons millionaires and enabled them to climb the social ladder sealed by Kate’s royal wedding (but also her sister Pippa’s rise to the jet set) has so far had only modest interest in the Newspapers of the kingdom awakened. In stark contrast to the media treatment reserved for, say, the depraved Harry, William’s rebellious younger brother and second son of King Charles III, and his wife Meghan. However, a problematic element looms for the family of the Queen’s consort-to-be (in all official communications from the palace she is now respectfully referred to by the name Catherine and without the diminutive). “Blame” some analysts, experts in bankruptcy cases, who were able to investigate the bankruptcy proceedings of Party Pieces: the company founded in 1987 by mother and father Middleton, Carole and Michael to manufacture and sell holiday decorations. after several years of good success – peaking at £44m at the most profitable stage of the business – it now appears that at least £2.6m in debt has not been repaid to creditors : including £600,000 unpaid tax refunds to Her Majesty’s Inland Revenue. It’s not clear to what extent and if all of this could jeopardize the future of the luxury family home Carole and Michael bought for £4.7million not far from Windsor Castle in 2012. But certainly some image problems seem inevitable.
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