Katie Price has dissolved her horse-riding clothing company, KP Equestrian Ltd, adding to her financial woes as her husband Lee Andrews faces up to £120,000 in legal bills following his release from a Dubai prison. The company, which sold riding leggings, body warmers, hoodies, and T-shirts for adults and children, was officially removed from the Companies House register this week.
Business closure marks another setback
The former glamour model, 48, originally launched KP Equestrian on September 3, 2008, at Holborn Studios in London. After closing the business in 2017, she relaunched it on December 3, 2021. However, signs of trouble had been evident for some time. The brand's Instagram account has not been updated in two years, its website has disappeared, and the online store that once featured ex-fiancé Carl Woods modelling the collection has vanished.
Financial records show the business struggled. The latest accounts filed at Companies House revealed KP Equestrian Ltd had just £1,000 in the bank and net assets of around £15,000, a sharp drop from 2022 when the company was valued at more than £26,000.
Husband's legal troubles add pressure
The closure comes as Lee Andrews, Price's husband, faces significant financial pressures after his release from Dubai's Al-Awir prison. He is reportedly battling fines and financial demands believed to total between £100,000 and £120,000. Price has made it clear she will not cover his costs. Speaking to The Sun, she said: 'There's nothing I can do. I'm not here to pay anything for anyone. I've got my own life. Even though he's part of my life.'
Passion project fails to shine
Price launched the equestrian range after it emerged she owed more than £3 million, pitching it as a passion project inspired by her lifelong love of horses. On the company's website, she described horses as her 'happy place,' explaining they offered an escape from her public life. 'Horses have always been a big part of my life since I was a little girl,' she wrote. She recalled spending her teenage years mucking out stables, grooming horses, and learning to ride, adding that even as her career became hectic, she always found time to return to the yard. 'There's nothing quite like the feeling when you turn up to the yard,' she said, describing being around horses as a way to 'calm my soul.' She promised stylish and comfortable riding wear with 'my own sparkle added,' but the sparkle did not translate into sales.
With one business now dissolved and no sign of the equestrian brand returning, Price's next money-making scheme remains uncertain.
