Fresh blow to Prince Andrew after firm managing shamed Duke’s private investments shuts down
PRINCE Andrew suffered a fresh blow after a firm managing his private investments shut down.
Urramoor Limited — which the disgraced Duke of York had “significant control over” — applied to be struck off just a year after being bailed out by a mystery donor.
Accounts published last week revealed the company, which had debts of £208,000, was finally solvent last year, after securing £210,000 from an anonymous source in December 2023.
The Prince, 64, set up the investment fund under the name HRH Andrew Inverness in 2013 — 18 months after he was stripped of his UK trade envoy role over his association with paedo billionaire Jeffrey Epstein.
But the company failed to make any profit in nine sets of accounts filed.
Meanwhile, documents filed last week showed more than £230,000 has been pulled from Andy’s Dragon’s Den-style initiative Pitch@Palace.
Accounts that were lodged with Companies House on December 30 revealed the amount of cash held fell by half — from £454,979 to £220,990 — during the financial year to March 31.
The future of the platform to link business with investors has been uncertain since it emerged a man tied to the programme in China was an alleged spy.
Yang Tengbo, 50, has been banned from the UK on national security grounds.
The Royal Household is investigating claims Andrew invited him into Buckingham Palace, Windsor Castle and St James’s Palace.
Questions have been asked over how Andrew can afford to live at Royal Lodge in Windsor after his brother, King Charles, axed his funding.
There is also mystery over his luxury lifestyle.
In 2007, the buyer of his home in Sunninghill Park, Berks, was revealed to be related to a former Kazakh president, who paid £3million over the asking price.
And it was reported Andrew took out a £1.5million loan with Luxembourg’s Banque Havilland in 2017 — which was paid off 11 days later by firms linked to bank founder David Rowland.
The Duke of York and Urramoor were both asked to comment.