Spice Girls Geri Halliwell and Mel B both had struggling companies that were hardly making a penny when they decided to tour again
- Mel B owns Moneyspider Productions Limited which posted returns of £13,000
- Geri set up Wonderful Productions Limited which made £3,400 profit in a year
- In their Spice Girls heyday the pair each made £6.7 million in one year alone
Companies owned by Spice Girls Geri Horner and Mel B were struggling to make a profit before their tour was announced, it has been revealed.
The pair have both released figures for their companies which show Geri had a profit of just £3,400 and Mel B had £13,300.
But that all looks set to change when their sell out tour kicks off on May 24 in Dublin despite a row between Geri and Mel B, who claimed they once had a fling.
The companies – Moneyspider Productions Limited belonging to Mel B, 43, and Wonderful Productions Limited belonging to Geri, 46, – were both set up in the Spice Girl’s heyday in 1997 to channel their lucrative earnings.
At one point they each made £6.7 million in one year.
Spice Girls (left to right) Melanie, Melanie Chisholm, Emma Bunton and Geri Horner pictured together last November
The accounts for Wonderful Productions Limited belonging to Geri, 46
This is the balance sheet for Mel B’s company, Moneyspider Productions Limited
But new accounts just published show Wonderful Productions had assets of £42,400 but owed creditors £39,000, leaving the tiny profit.
The figures would have been worse, but an accounting error meant she had put away too much money for tax the previous year and her bill was just £157, compared to £34,000, previously believed.
Moneyspider Productions had £54,200 in assets, but owed creditors £40,900 – leaving her with the £13,300.
The Spice Girls reunion tour was announced in November and the accounts cover the year to the end of August 2018.
Neither Mel C nor Emma Bunton have yet filed accounts for the same period, but Mel C’s figures for 2017 show her companies Red Girl Records Limited and Red Girl Touring Limited had losses of almost £900,000.
The companies – Moneyspider Productions Limited belonging to Mel B, 43, and Wonderful Productions Limited belonging to Geri, 46, – were both set up in the Spice Girl’s heyday in 1997 to channel their lucrative earnings
At one point they each made £6.7 million in one year
Emma Bunton’s company Monsta Productions Limited made £441,000 in the year to the end of August 2017.
Last month the Spice Girls were still said to be working out differences following Mel B’s claim that she had a fling with Geri in the 90s.
But the group denied claims that their row would jeopardise the tour and were pictured together for the first time practicing two weeks ago.
Victoria Beckham has decided not to join the tour because of ‘business commitments to her fashion company’, which last year posted an operating loss of £10.2 million.
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