Kerry Katona's fashion brand faces closure as assets at risk

Kerry Katona's fashion brand, Kerry's Boutique, is currently at risk of imminent closure as it has received a First Gazette notice, indicating that steps are being taken to potentially strike off the business from the Companies House register. This notification was issued earlier in October 2024, following the company's failure to submit its latest financial accounts, which are now overdue. Additionally, the brand's social media presence has become stagnant, with no updates made in 15 weeks, suggesting potential financial or operational difficulties. The First Gazette notice serves as an official warning that unless a valid reason is provided, the business will be dissolved not less than two months after the filing date. The dissolution would have significant repercussions, as all assets tied to the company would be deemed bona vacantia, meaning they would revert to the Crown. This potential outcome not only signifies a loss of Kerry's business but also raises concerns over her financial situation amid ongoing personal challenges. In light of these developments, there is increasing pressure on Katona to address the situation swiftly and take necessary actions to prevent the closure of her brand. This scenario underscores the challenges that come with maintaining a business, particularly in the fashion industry, amidst personal adversities and changing market dynamics. It remains to be seen how Kerry will respond to this critical juncture in her entrepreneurial journey.