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Sussex Royal loses its shine when the Duke and Duchess call in liquidators
The Duke and Duchess of Sussex have officially liquidated one of their only remaining British companies, marking the last nail in the coffin of Sussex Royal. Documents filed with Companies House revealed that MWX Trading confirmed its liquidation on May 5 and that a liquidator was appointed on May 14. The couple formed the company in August 2019, naming their attorney, Gerrard Tyrrell, as their secretary and Natalie Campbell, who worked for their Sussex Royal charitable foundation, as director. They registered it at Companies House and used the company to apply for trademarks. Ms Campbell and Mr Tyrrell were then replaced by James Holt, the couple’s former chief communications officer who was recently appointed executive director of their Archewell Foundation and is moving to the United States. The Duke and Duchess are also in the process of winding up the company formerly known as Sussex Royal, according to The Telegraph. When the couple announced they were stepping down from their roles as active royals, they were told they could no longer use the name and therefore changed it last July to become MWX Foundation. Despite reports suggesting that MWX represented Markle Windsor or Mountbatten Windsor, using the Sussex X, sources claimed the name was simply created from random letters and had no special meaning. Sussex Royal was announced with great fanfare in July 2019, shortly after it was confirmed that the Sussexes were breaking away from the Royal Foundation, the charity vehicle they had shared with the Duke and Duchess of Cambridge. Company accounts last year revealed it had Â£ 99,000 in the bank and would cost Â£ 16,000 to opt out. They also showed that the charity owed Â£ 200,000 to an unidentified source. Accounts of the MWX Foundation, of which the Duke remains sole trustee, show the Â£ 200,000 has now been repaid. The moves to formally liquidate the two companies come as the Sussexes continue to sign lucrative deals with business partners in the US through their new US-based Archewell Foundation, recently announcing a partnership with the consumer goods giant Proctor & Gamble.