Prince Andrew has suffered another financial blow in a fresh setback for the disgraced Duke of York.
According to documents filed with Companies House this week, Andrew’s private investment firm, Urramoor Limited, has applied to be struck off and dissolved.
The Duke of York, 64, held “significant control” over the company, now set to close in a fresh setback for the former working royal.
The move comes just months after the investment firm received a substantial financial bailout from an anonymous donor.
Prince Andrew suffers another financial blow in fresh setback for disgraced Duke of York
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The application for dissolution marks the latest financial development for the duke, who has faced mounting scrutiny over his business dealings in recent years.
In December 2023, Urramoor secured £210,000 in funding through non-redeemable shares from an unidentified donor.
Before this cash injection, the company was £208,000 in deficit, according to company documents.
The mystery donation appeared to temporarily stabilise the firm’s finances, though it proved insufficient to ensure its long-term survival.
The identity of the donor who provided the substantial bailout remains undisclosed.
Prince Andrew initially established the investment fund in 2013 under the name HRH Andrew Inverness.
The company’s creation came approximately 18 months after he was removed from his trade envoy role due to his association with Jeffrey Epstein.
Throughout its decade-long existence, Urramoor failed to generate any profit, as evidenced by the nine sets of accounts filed since its inception.
The company’s consistent lack of profitability raises questions about its financial management and sustainability over the years.
The closure follows recent news that more than £230,000 was withdrawn from Prince Andrew’s Pitch@Palace initiative during the financial year ending March 31, 2024.
Both Urramoor and Pitch@Palace are run by Arthur Lancaster, who signed off on the withdrawal that saw bank holdings drop from £454,979 to £220,990.
The purpose of the substantial withdrawal from Pitch@Palace, established to support entrepreneurs, remains unclear.
The initiative has recently faced additional scrutiny after revelations that a former executive in its Chinese operations was alleged to have links to Beijing’s Government, claims the individual denies.
The decision to dissolve Urramoor was signed by company director Arthur Lancaster on January 3, 2025.
The application to strike off the company marks the end of Prince Andrew’s decade-long private investment venture.
Companies House documents show the formal process of dissolution is now underway.
The development adds to a series of financial changes in the duke’s business portfolio, following closely after the significant withdrawal from his Pitch@Palace enterprise.
GB News has contacted the Duke of York’s representatives for comment regarding the closure.
