Prince William and Harry’s business ties set to end as cash plunges by £400,000


Exclusives:

The accounts for the brothers’ Tyrolese (743) Limited company – used to donate profits from royalties to charity – show assets are just £4,469, compared with £410,000 four years ago

William and Harry turn their backs on each other at the unveiling of their mother Diana's statue last summer
William and Harry turn their backs on each other at the unveiling of their mother Diana’s statue last summer

The last known business ties between warring princes William and Harry are on the brink of being cut.

Tyrolese (743) Limited was set up by the pair in 2012 and is understood to have been used to donate profits from royalties to charity.

But accounts show assets are £4,469, compared with £410,000 four years ago.

And a statement in latest published accounts said: “The directors anticipate activities of the entity will reduce in the next 12 months to the point where the entity is essentially dormant.

“For as long as the company continues to derive income, the directors will donate available profits to relevant charities. When the income ceases, the directors will consider making the company dormant.”

Prince has his own private company too
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Image:

Ian Vogler/Daily Mirror)

Harry has UK firm and couple have 11 in US
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IAN VOGLER/DAILY MIRROR)

The firm was set up on October 25, 2012, with two directors – Miguel Head and Anthony Lowther Pinkerton, who were royal aides at the time.

Current directors are Guy Monson, who was a member of the Diana statue committee, and Leslie Ferrar, an ex-treasurer to Prince Charles.

But it is understood the princes manage Tyrolese through their private companies – William’s APL Anglesey Ltd and Harry’s London-based Tsessebe Ltd, which each own 50%.

Harry and wife Meghan also have a network of 11 companies in the tax haven US state of Delaware, in order to channel income from their various US-based projects.

Accounts for Tyrolese said directors do not plan to liquidate the firm due to its “strategic role” for shareholders – maintaining a glimmer of hope William and Harry could work together again.

Brothers during happier times together in 2016
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GettyImages)

That would mean resolving issues which have driven a wedge between them.

There were strains in 2016 when William, 39, was reported to have cautioned Harry about the pace of his romance with Meghan, 40.

In 2019, the brothers, who had lived in separate cottages at Kensington Palace, split their households – Harry’s office going to Buckingham Palace, William and wife Kate’s staying at Kensington.

Then Harry and Meghan stood down from royal duties and moved to Canada and then California, where they live with children Archie, three, and baby Lilibet.

And things hit rock bottom after Harry and Meghan’s interview with Oprah Winfrey in which they accused the royals of racism.

It is believed William and Harry, 37, have not met since the unveiling in London last July of a statue of their late mother Diana.

Kensington Palace declined to comment.

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www.mirror.co.uk

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George Holan

George Holan is chief editor at Plainsmen Post and has articles published in many notable publications in the last decade.

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