Katie Price’s debts revealed and she ‘owes nearly £500,000’

katie price

by Polly Foreman |
Updated on

It's been heavily reported that Katie Price is in severe financial difficulty, and it's now been claimed that she is half a million pounds in debt.

Katie, 40, reportedly owes £500,000 to the tax officers and creditors, and was apparently given three months by the High Court to pay up earlier this month - and is due to clear the debts by 30 October of this year.

It's also been claimed by The Sun that Katie may be investigated further by HMRC is she's deemed a 'serial offender' for closing companies that owe a significant amount of tax.

Katie, who was once worth around £45million, is said to be in danger of losing her £2million West Sussex mansion.

Her company Jordan Trading Ltd owed £192,376.85 to HMRC, as well as trade debts of £25,745.54, according to the latest statement on Companies House.

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The company also apparently owes a further £7,526 to lawyers, as well as £13,012 to accountants.

Katie, who is sole director of the company, has borrowed a further £152,478 from the business - something that is classified as "overdrawn director’s loan account".

Given that she would have to pay back this loan before the creditors, Katie's total number owed amounts to £410,000, according to the liquidators report.

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Gallery

Katie Price before and after plastic surgery

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The report lists her Loose Women contract as one of her sole sources of income, which was £10,000 between February 2017 and February 2018. However, she has in recent months taken a step back from her work as a panelist on the show.

Katie's only other active business, KDC Trading, is said to owe £52,868 and have suffered a £21,986 loss.

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Closer has contacted a representative of Katie for comment.

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