Kirstie Allsopp ‘reduced to tears’ as she is forced to close her business with £106,000 debt
Kirstie Allsopp, 51, had no choice but to close her Gorgeous Little Things For Children business.
The Location Location presenter admitted she had shed ‘a tear or two’ over the move after ‘fighting and fighting’ to keep the business afloat.
The Channel 4 star was also left with £106,000 in outstanding debt, which was confirmed via Companies House.
Her company appointed a liquidator on Monday and has an outstanding debt, of which £16,986 to HMRC, £55,146 to the bank, £4,888 to trade creditors and a further £29,462 are owed to Kirstie personally as sole director, according to The Sun.
That leaves a total of £106,484, with more money potentially due to employees, according to the liquidator’s balance sheet.
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Kirstie told her followers at the time: “When I started this business in 2013 it was a hustle and bust, something for a little extra cash before Christmas on top of my day job. A mother of two who tries her hand at something different.
“Never in a million years would I have thought it would turn into this fabulous company that allowed me (after becoming a mom of 4) to give up my secure day job and step fully into the fabulous world of children’s retail. But now, after 9 1 /2 years, it’s sadly time to say goodbye.
“Thank you to all of you amazing people who have supported and encouraged me on this journey, who have bought me, recommended me, worked for me, listened to my crazy ideas and generally been there!”
She went on to admit that she was reduced to tears after accepting it was time to close the business.
“After over 25,000 orders, over a million conversations, hundreds of happy shopping photos and a tear or two, it’s time to go,” she wrote.
“I loved every day of doing this, the community and the friendships formed.
“I’m not disappearing completely; you can still support my fabulous furniture business @gorgeouslittlethingsforhome if you’d like to see where this journey takes me next.
“Unfortunately for Gorgeous Little Things for Children Ltd, the cost of products, increased warehouse and supplier costs and everything else has made it unable to continue (despite fighting and fighting).
“Thank you from the bottom of my heart for supporting me over the years. Kirstie x.”
Source of data and images:daily-express