successdigestonline.com

Is James Middleton’s pet wellbeing venture going to the dogs?Is James Middleton’s pet wellbeing venture going to the dogs?

James Middleton has launched Is James Middleton's pet wellbeing venture going to the dogs?a business for the 'happiness and wellbeing' of dogs
Is James Middleton’s pet wellbeing venture going to the dogs?

James Middleton has launched a business for the ‘happiness and wellbeing’ of dogs

The 34-year-old entrepreneur – the younger brother of Catherine, Duchess of Cambridge – has formed Ella & Co, which is named after his spaniel.

The enterprise, which provides posh food for pooches, is managed by the company Hello Ella Ltd and James is the sole director.

However, the Daily Mail newspaper reports that the venture is struggling to get off the ground as the business has amassed trading losses of £413,527 – up from £169,674 the previous year.

Losses at Hello Ella have been offset with significant injections of fund from investors as financial statements signed off by Middleton show the company raised £338,116 in investments during the year covered by the accounts to April 2021. Investors have now put in a total of £748,116 into the company.

According to the publication’s Eden Confidential column, a note in the accounts says: “The director has considered the financial position of the company, both during the period and as a result of the COVID-19 pandemic, and has assessed both financial and operational risk.

“He is of the opinion that the company has sufficient financial resources to continue to operate as a going concern.”

An associate of James, who has six dogs and credits the animals with helping him through “troubled times”, believes the business has the potential to be successful in the future.

They said: “The business is actually doing really well. Like any start-up, there are big fixed costs at the beginning, and future accounts will paint a more positive picture.”

Post source: Female First

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Who Is Austin St John Married To? Red Ranger Actor Wife And Children – Is He Released On Bail?

Who Is  Austin St John Married To? Austin St John is an…

Anthony Hopkins Impressive Net Worth Update

 Let’s Discover ‘Anthony Hopkins Net Worth’ Anthony Hopkins is an actor who…

Sandra Sully Of 10 News And Her Partner Symon Brewis-Weston Now Have A Family Of Five Children

Sandra Sully of 10 News And Her Partner Symon Brewis-Weston Now have…

A Boogie Wit Da Hoodie Wife Ella Bands Is An Influencer and Alleged Scammer

A Boogie Wit Da Hoodie’s wife, Ella Bands, is a social media…