PETER Andre showed off his new garden and luxury cars today and boasted his pad was “looking shmick”. The 46-year-old spent the day at home overseeing the work on his new driveway after we revealed that his skint ex Katie Price’s clothing company is shutting down – leaving debts of £22,000. Pete’s wife Emily MacDonagh, […]
PETER Andre showed off his new garden and luxury cars today and boasted his pad was “looking shmick”.
The 46-year-old spent the day at home overseeing the work on his new driveway after we revealed that his skint ex Katie Price’s clothing company is shutting down – leaving debts of £22,000.
Pete’s wife Emily MacDonagh, 29, was helping out in the garden with children Amelia, five, and Theo, two.
“Looking shmick,” he commented as he showed off his impressive driveway complete with black Bentley and white BMW.
Meanwhile, Katie’s business KDC Trading Limited – that used to sell Katie’s equestrian line and clothing line – is shutting down.
But Katie’s company still owes £24,213 to creditors and as Katie has made no secret of her financial issues, it’s unlikely she’ll be paying them back before closing the company.
Katie is currently paying back £12,000 a month under the terms of her IVA.
But when she closes KDC Trading, the £24k debt won’t be added onto the total £856,358 she owes – 41% of the £2.1m debt she ran up – creditors will have to take action against Katie for the money.
But clearly she’s got plans to make the money back – she’s recently revealed that she’s launching two kids clothing companies, one named after daughters Princess and Bunny, another named after sons Junior and Jett.
She promised that a third line, named after eldest son Harvey, is also on the way.
The Sun Online revealed that Katie is demanding £132,000 from a perfume firm that went broke without paying her.
She’s also flogging her old clothes on eBay – making just £66.
But Katie has also splashed out on a series of luxury holidays – six trips in just eight months.
The businesswoman spent an estimated £25,000 on the exotic trips – and has also bragged outside court that when her driving ban is up, she’ll be going luxury car shopping too.
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