Could Victoria Beckham's fashion label be forced to close?

Failed to file accounts for three years running

Victoria Beckham on the judges panel at the International Woolmart Awards, ME Hotel, Aldwych, London. 16/02/2013 Picture by: Sim

Victoria Beckham's fashion firm has reportedly been threatened with closure after failing to file its accounts for three years in a row.

Earlier this month, it's believed, Victoria Beckham Ltd was slapped with a Notice of Compulsory Strikeoff by Companies House, warning that the company could be wound up by February 5.

If it doesn't get its affairs in order, Victoria Beckham Ltd could be dissolved and all its assets handed to the Crown. The same applies to the parent company, Beckham Brand Holdings Ltd.

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Victoria Beckham Ltd had a turnover of more than £34 million in 2014, although it made only £1.23 million in profit - and that was thanks to a cash injection from husband David. Beckham Brand Holdings Ltd, meanwhile, turned over £51.5 million.

A friend of the couple tells the Daily Mail that the missed accounts are merely an administrative error and that the accounts for both companies have been audited and signed off by their boards.

"There are no financial problems," the friend says. "This late filing has not impacted the business in any way."

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It could, though, cause some embarrassment if things aren't sorted out pretty soon. Victoria is widely expected to receive an OBE in the Queen's New Year Honours - tricky, if she's going to have to hand her company over to the Queen.

Last year, it was revealed that the Beckhams make a lot more money out of their second careers than they ever did from their first. In 2014, Victoria was named Entrepreneur of the Year by Management Today magazine, which highlighted her company's sales growth of 2,900% over the previous five years and described her as 'a supremely talented entrepreneur in the fashion business'.

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According to the London School of Marketing, the family - including children Brooklyn, Romeo, Cruz and Harper - were worth £470 million last year, with their wealth going up by £30 to £40 million a year.

The family are currently away on holiday at the five-star Amilla Fushi resort in the Maldives where, the Sun has reported, they plan to throw a glamorous New Year's Eve party with a performance from ex-Spice Girl Mel C.



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