Chloe Ferry’s cosmetics brand ‘is £10,000 in debt four years after the millionaire launched her beauty line’
Chloe Ferry’s cosmetic brand is reportedly £10,000 in debt, four years after she first launched her line.
According to The Sun, the 25-year-old Geordie Shore star’s most recent accounts show Chloe Ferry Cosmetics Ltd has just over £8,008 in cash – a £21,000 difference from 2019.
The company’s debts have reportedly exceeded its income and assets – leaving it £10,625 in the red for last year.
Financial woes: Chloe Ferry’s cosmetic brand is reportedly £10,000 in debt, four years after she first launched her line
Influencer Chloe – who recently returned to the UK following a lengthy ‘work’ trip to Dubai – became a millionaire at 24, after raking in the cash from her TV work, modelling, Instagram earnings, beauty products and personal appearances.
Despite the dip in sales, the model took to her business Instagram to share an image of sacks of orders.
Chloe Ferry Cosmetics’ account – which is followed by 136,000 users – is updated daily and often treats customers to discounts in a bid to boost sales.
The TV star has two firms to handle her income, with both boasting more than £250,000 in cash.
A fall: The 25-year-old Geordie Shore star’s most recent accounts show Chloe Ferry Cosmetics Ltd has just over £8,008 in cash – a £21,000 difference from 2019
Keeping busy: Despite the dip in sales, the model took to her business Instagram to share an image of sacks of orders
Sales: Chloe Ferry Cosmetics’ account – which is followed by 136,000 users – is updated daily and often treats customers to discounts in a bid to boost sales
In 2018, the former Celebrity Big Brother star paid £61,000 in Corporation Tax and will be paying even more due to her earnings from the past year.
Including expenses like travel, entertaining, office costs for her business, mileage and salary payments, Chloe has earned over £1million in the last two years alone.
The media personality boasts 3.5million followers on Instagram and her large following means she can charge up to £3,000 per sponsored post.
Impressive: The influencer became a millionaire at 24, after raking in money from her TV work, modelling, Instagram earnings, beauty products and personal appearances (pictured in 2020)
Like much of the reality TV world, the blonde had escaped the UK coronavirus crisis and imposed herself upon the United Arab Emirates for a ‘business trip’.
The nature of her work was not made clear at any point in the trip, however she did litter social media with an onslaught of beach and clubbing snaps.
Travel abroad for leisure was prohibited under Tier 4 guidelines with exceptions only allowing reasons such as work, education and childcare.
At the end of last month, the government banned direct passenger flights from the UAE.
Wow-factor: The media personality recently returned to the UK following a lengthy ‘work’ trip to Dubai (pictured)
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