Spice Girl turned fashion designer Victoria Beckham’s company has filed a whopping loss of £4.6m. The large loss comes following the announcement that Ms Beckham is to be made an OBE. It is also despite the firm being propped up by Mrs Beckham’s husband’s firm to the tune of £6.7m.
The designer had earlier been warned that her business could be shut down because it had not filed its accounts on time. Victoria Beckham Ltd was warned that it could be closed as it had not filed on time for the third year in a row.
On the latest figures, a Beckham Brand Holdings spokesperson said that it misrepresented how the couple’s firms operated. They added: “There is a private holding company, (Beckham Brand Holdings Ltd), owned equally by Victoria, David and Simon Fuller’s XIX, which oversees all the Beckham businesses which reports a substantial profit for 2015. These businesses may be funded in different ways at any point in time, which may entail a mixture of bank debt, intercompany loans or equity investment.”
Mrs Beckham is understood to be the highest paid director on the company accounts, taking home a salary of £700,000. This latest controversy follows Mrs Beckham coming under fire for revealing that she had been awarded an OBE before the official announcement was made.
Sources close to the star said she had been humbled and delighted to learn of her honour. And, she is understood to have celebrated the good news over the festive season during a family holiday to the Maldives.
However, she faced criticism from Tory MP Andrew Bridgen who said that those who were nominated were sworn to total secrecy so she had broken the rules. He said that she appeared to have breached protocol, which raised questions over how suitable she was to receive the honour. He even went on to say that she had discredited the honours system.