Losses fall at consultancy firm owned by the Kents

LOSSES have shrunk at the company run by the Queen’s cousin Prince Michael of Kent and his wife Princess Michael.

Accounts just filed by Cantium Services, an umbrella firm for the pair’s business activities, show losses for the 12 months up to March 31, 2017, fell to £48,482 from £60,348 the previous year.

The Royal couple receive no income from the Crown and so run their own commercial interests. The Prince, who is 45th in line to the Throne, is a business consultant to companies in sectors including construction, telecoms and finance.

Princess Michael carries out speaking engagements and writes books. The pair, who married in 1978, now pay full rent on their tenroom apartment in Kensington Palace having previously paid just a nominal sum. Use of the apartment was given to them by the Queen as a wedding present.

Other residents there include the Duke and Duchess of Cambridge and Prince Harry.