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Louise Redknapp ploughs over £400k into her music companies amid pandemic

EXCLUSIVE: Louise Redknapp ploughs over £400k into her music companies to keep them afloat after pandemic forced her to shelve 2020 comeback tour

Singer Louise Redknapp has ploughed more than £400,000 in loans to her music companies to help them through the pandemic according to public records.

The former Strictly finalist, 46, was forced to shelve gigs planned as the covid lockdown took grip, leading to her touring and record companies going more than £320,000 into the red.

Louise’s label Lil Lou Records was £236,000 in the red in its first 16 months in business and Lil Lou Touring LLP was running at a deficit of £87,625, according to paperwork.

On hold: Singer Louise Redknapp has ploughed more than £400,000 in loans to her music companies to help them through the pandemic according to public records [pictured on Tuesday night]

Documents also revealed she has loaned £317,000 interest-free to the record company and £101,000 to the touring partnership.

Reps for Louise declined to comment. 

Music artists across the board had to globally cancel or postpone their plans for live shows due to the coronavirus outbreak. 

She had to ditch her 11-date Heavy Love tour in March last year as the pandemic began to grip the UK. 

Businesswoman: The former Strictly finalist, 46, was forced to shelve gigs planned as the covid lockdown took grip, leading to her touring and record companies going more than £320,000 into the red [pictured in 2018]

Businesswoman: The former Strictly finalist, 46, was forced to shelve gigs planned as the covid lockdown took grip, leading to her touring and record companies going more than £320,000 into the red [pictured in 2018]

The tour was set to promote her latest fourth studio album, which was her first release in 20 years. 

The album performed well, peaking at 11 in the UK charts, featuring singles Stretch and Hurt. 

The accounts for the touring business said: ‘The financial statements show that the LLP has liabilities in excess of assets as a result of losses made to date.

‘The members are assessing on a daily basis the impact of the significant uncertainty arising from the Covid-19 virus.’

Best laid plans: She had to ditch her 11-date Heavy Love tour in March last year as the pandemic began to grip the UK. The tour was set to promote her latest fourth studio album, which was her first release in 20 years

Best laid plans: She had to ditch her 11-date Heavy Love tour in March last year as the pandemic began to grip the UK. The tour was set to promote her latest fourth studio album, which was her first release in 20 years

Stalled: Music artists across the board had to globally cancel or postpone their plans for live shows due to the coronavirus outbreak [pictured are Little Mix at the BRITs last week - they have had to reschedule their Confetti tour]

Stalled: Music artists across the board had to globally cancel or postpone their plans for live shows due to the coronavirus outbreak [pictured are Little Mix at the BRITs last week – they have had to reschedule their Confetti tour]

The record company accounts also acknowledge the impact of the pandemic but said that there was some cause for optimism.

The report signed off this week said: ‘Whilst the director appreciates there is significant uncertainty surrounding the future economic climate and activities have experienced a slowdown, at the period end and as at the date of the signature of the financial statements, the company’s activities remain positive with limited ongoing exposure.’

Louise had to axe the tour when the government began to advise people to stay away from large public gatherings before the lockdown began in March last year.

All being well: The record company accounts also acknowledge the impact of the pandemic but said that there was some cause for optimism [pictured last week]

All being well: The record company accounts also acknowledge the impact of the pandemic but said that there was some cause for optimism [pictured last week]

At the time she wrote on Instagram: ‘Hi everyone, following the latest government advice, I have taken the decision to cancel the remainder of the shows on the Heavy Love tour.’

Lil Lou Touring LLP and Lil Lou Records Limited were set up in 2019 as she relaunched her singing career after splitting up with former husband soccer pundit Jamie Redknapp.

She had previously been a director of his company JFR Enterprises, but stood down from that role in 2018.

The accounts for the touring business said: 'The financial statements show that the LLP has liabilities in excess of assets as a result of losses made to date. The members are assessing on a daily basis the impact of the significant uncertainty arising from the Covid-19 virus' [pictured in March]

The accounts for the touring business said: ‘The financial statements show that the LLP has liabilities in excess of assets as a result of losses made to date. The members are assessing on a daily basis the impact of the significant uncertainty arising from the Covid-19 virus’ [pictured in March]

The singer recently revealed that she is planning to DJ at a summer party at a pub festival.

She is teaming up with Billy Clark – a manager at her management company, Massive Management – to perform as a DJ group called LBD.

The duo are part of a line-up of performers booked for the Out Inn The Cotswolds, being held at The Swann Inn in Ascott Under Wychwood on Saturday 17 July.

Read more at DailyMail.co.uk