Peter Andre’s personal company ‘goes bust’

Peter Andre is involved in a £262,000 financial dispute after his personal company went bust. 

While his ex Katie Price’s money problems are well documented, the Mysterious Girl singer has also hit financial strife as PJA Promotions appointed a liquidator to fold the firm on May 9th. 

The dispute covers £229,125 in corporation tax HMRC says he owes, and a further £25,577 in VAT, plus £7,592 to trade creditors, both of which are finance companies.

According to the liquidator’s statement of affairs, it’s uncertain how much of this will be recovered and £5,000 of furniture and equipment is expected to raise zero.

It’s understood that PJA Promotions fell into arrears after Andre’s touring schedule ground to a halt during the coronavirus pandemic. 

Old times: PJA Promotions was founded in 1996, at the height of Andre’s pop career, with the Australian singer listed as its sole director (pictured in 1996)

A source told MailOnline: ‘No one was allowed to work during the pandemic and like millions of other business owners during this time, people lost companies and jobs. 

‘Thankfully he’s now back working regularly. Pete has paid millions of pounds worth of tax over his career and is working with HMRC to resolve this dispute. He has never taken out any loans.’ 

The 50-year-old currently lives in a mansion in Surrey with doctor wife Emily and his children Amelia, 9, Theo, 6, Princess, 15, and Junior, 17.

On Chris Evans’ Virgin Radio show last month, Andre admitted he’d been hoovering up property since the nineties after his dad secretly saved the royalties from his hit songs when the singer thought he was broke. 

Trouble: It’s understood that PJA Promotions fell into arrears after Andre’s touring schedule ground to a halt during the coronavirus pandemic

Family: The 50-year-old currently lives in a mansion in Surrey with doctor wife Emily (pictured) and his children Amelia, 9, Theo, 6, Princess, 15, and Junior, 17

He said: ‘Luckily enough I saved for you and all these royalties that were coming in, that I had no idea about, Dad saved and I had enough to buy two or three great properties. So I started buying properties from before things happened here.’

Andre has six other active companies, but they are all currently dormant. In its last set of accounts filed in October 2022, PJA promotions was in £95,192 worth of debt.

The company was founded in 1996, at the height of Andre’s pop career, with the Australian singer listed as its sole director.

MailOnline has contacted a representative for further comment.