Party Pieces Holdings, founded by Carole and Michael Middleton in 1987, went into administration last month.
The business, which has been snapped up by
entrepreneur James Sinclair, blamed the impact of the pandemic and the cost-of-living crisis.
Party Pieces sold children's party accessories ranging from balloons to fancy dress costumes.
It saw revenue shrink to &pound;3.2m last year from &pound;4.5m in 2021, and slid to a &pound;900,000 net loss before&nbsp;tax. The firm, which had 12 staff, owed &pound;612,685 to the Inland Revenue.
Other debts included &pound;218,749 to Royal Bank of Scotland, while &pound;456,008 was owed to Royal Mail, Google and Solihull Moors Football Club.
Kate worked for Party Pieces a decade ago before taking up life with the royal family.

PARTY OVER AS KATE FAMILY FIRM IS BUST

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BIDEN'S LEAVING GIFT IS..WORLD WAR 3

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BRITS GET STIFF UPPER LIP SICK

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.