Prince Edward’s TV company has been dissolved.
The Earl of Wessex launched Ardent Productions in 1993, boasting it would become one of the country’s leading production firms.
It has now gone into liquidisation after records at Companies House showed its final assets were worth just £40.27, according to the Daily Telegraph.
Since launching the company, Edward – the Queen’s youngest son – has been accused of abusing his position by making programmes about the royal family, including a documentary about Windsor Castle and a history of his great uncle, Edward VIII, called Edward on Edward.
In 2002, he stepped down as joint managing editor after Ardent was forced to apologise for sending a camera crew to the Scottish university town of St. Andrews where his nephew Prince William was a student, in apparent breach of royal privacy guidelines.
Edward was thought to have injected £300,000 of his own money into the firm, while other high-profile backers who lost out included Lord Kirkham, the founder of furniture chain DFS, who invested £724,880, and Sir Tom Farmer, the Kwik-Fit entrepreneur, who invested £252,880.
A Buckingham Palace spokeswoman confirmed that Ardent had been dissolved.