Fresh blow for Prince Andrew as financial firm managing his private investments shuts down
The company managing the disgraced Duke of York’s private investments has sensationally collapsed, just a year after receiving last-ditch backing from an anonymous donor.
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A financial firm managing Prince Andrew’s private investments has sensationally shut down.
In documents obtained by The Post, Urramoor Limited, a private investment firm over which the disgraced Duke of York had “significant control,” applied to be dissolved just a year after receiving last-ditch backing from an anonymous donor.
The prince, 64, initially set up the investment fund in 2013 under the name HRH Andrew Inverness.
However, after his friendship with late financier Jeffrey Epstein came to light, the company removed Andrew from his trade envoy role.
In December 2023, the company secured US$263,000 (A$421,000) in funding through non-redeemable shares from an unidentified donor.
Before the mystery bailout, the firm was US$260,000 (A$421,000) in deficit, according to documents filed with Companies House, the UK’s public registry of companies.
Still, while the anonymous cash injection saved the struggling investment firm in the short term, it was ultimately not enough to keep the company afloat in the long term.
Throughout its 11-year existence, Urramoor failed to generate profit, official documents show.
The company’s director, Arthur Lancaster, signed off on the decision to dissolve the firm on January 3. A formal dissolution process is underway.
It comes just months after Andrew’s finances were thrust into doubt.
In November 2024, Andrew was left to his own devices after King Charles said he was no longer willing to cover his US$4 million (A$6.4 million) worth of personal security per year, as well as a regular cash allowance.
The former working royal was poised to leave the Royal Lodge, located on the grounds of Windsor Castle, after the king refused to continue financially carrying his brother’s weight.
However, it emerged that month that Andrew had found a financial backer at the eleventh hour — allowing him to remain at the royal digs.
The father of two has resided at the sprawling property since 2004.
He lives there with his ex-wife, Sarah Ferguson — who last week dramatically walked out of an interview when asked about the plush home.
Since finding an anonymous financial backer, Andrew has faced calls from the UK government to reveal the source of his newfound funding.
Exactly where Andrew got the funding to remain at the property is still unclear — his only known steady income source is a Royal Navy pension.
This story was originally published by the New York Post.
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Originally published as Fresh blow for Prince Andrew as financial firm managing his private investments shuts down
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