Peter Phillips’ firm suffers £113,000 plunge in funds
THE Queen’s grandson, Peter Phillips, was controversially paid £ 750,000 for overseeing her 90th birthday street party in The Mall, at which 10,000 guests forked out £150 a head.
The event, which took place in June 2016, transformed the business fortunes of his company, SEl (UK) limited, with accounts disclosing that it held £164,038 in shareholders’ funds in the year to June 30, 2016, compared with a paltry £7,733 the previous year. Unfortunately, Phillips (right) does not seem to have been able to capitalise on his philanthropic efforts and his firm has plunged some way from that pinnacle.
Figures just filed at Companies House record that its funds at the end of the year to June 30, 2017, amounted to an emaciated £51,449 — a reduction of almost £113,000.
The street party, known as the Patron’s lunch, raised eyebrows when it emerged that 291 charities received a total of marginally over £762,000 from the event — or around £12,000 more than Phillips’s company, the largest single beneficiary. No one
was available at sEL’s offices to discuss its prospects.
Phillips, 40, left the royal Bank of scotland after seven years to make his fortune with his own sports management company and founded sEL in 2012.
Its expertise, according to its website, lies ‘ in delivering unique and unprecedented events’.
while Phillips is London director, his wife, autumn, is employed as secretary, and clients include his sister, Zara, and her husband, Mike Tindall. abbreviated accounts for the firm do not disclose turnover or how much, if anything, it paid its directors. If only Prince Harry could help out his cousin by asking him to organise his wedding to Meghan Markle. The only disclosures so far are that Claire Ptak, an East London pastry chef, will make an organic lemon and elderflower cake, while London-based florist Philippa Craddock will arrange their flowers. failing that, there are only eight years until the Queen’s 100th birthday.