Pippa shuts up shop – so is she planning for a family?
Pippa Middleton has had an eventful year. Just three months ago she wed hedge fund manager James Matthews in an ‘ intimate’ family wedding, which is said to have cost £1.2 million.
now, as she settles into married life, i can disclose that Her Royal Hotness is re- calibrating her affairs — by closing pXM enterprises, the company which managed her ‘publishing activities’, including her widely mocked party-planning book Celebrate and her contributions to Waitrose magazine.
pippa, who turns 34 next Wednesday, took the first step in the process yesterday, filing an application to have pXM struck from the register at Companies House just four years after its incorporation.
last month she filed documents which confirmed that she was the company’s sole shareholder.
pXM’s existence has proved rather short- lived, just like its profit trajectory: the company made £115,000 in its first year and £50,700 in its second year.
its diminishing returns also reflect pippa’s chequered career.
Her fortnightly newspaper column inspired by her pursuits was axed in 2014 after just six months. in 2015, pippa’s attempts to embark on a television career in america came to nothing. She was earmarked to become a special correspondent on nBC’s today programme, but never made it onto the screen.
But it seems safe to say that purely commercial considerations have been of less pressing concern to pippa since James Matthews slipped a £250,000 engagement ring on her finger and she moved into his £17 million Chelsea home.
Her wealthy financier husband has also shown the way when it comes to financial dexterity. His hedge fund, eden Rock Management llp, made a profit of £1.5 million in 2014 but paid just £3,143 — or 0.2 per cent — in tax.
the development is likely to be welcomed by prince William, who is reported to have ‘quietly and diplomatically’ advised a diminution of pippa’s commercial ventures, lest they inadvertently embarrass the Royal Family.
it also, of course, offers pippa more time in which to turn her energies to other areas of productivity — by extending the numbers of the Matthews dynasty perhaps.