Charlotte Crosby

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Handerton

Nicola91x said:
The thing is celebrities don’t use standard insurance companies like the rest of us, the underwriters of “normal” people’s insurance would
Not cover them, there is specialist insurance for this so the risk factor is completely different luckily for her after 2 bans!
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Is that what Nadia Essex is running now... “celebrity insurance agency”?
 
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H

Handerton

Had a lengthy perusal of Charlotte Crosby on companies house this morning

So, she has three companies

A property company with £5000

A clothing company with £10000

Her main company. This one is interesting. In 2018 she made £272,844 from all lines of work. 2017 was far more profitable with £737,556 coming in. 2016 was 350k, 2015 475k. So she’s declared 1.8m income over four years. Total tax and expenses over those four years adds up to £1.38m (its expensive being famous, she’s done over 900k in tax and fees) meaning she’s coined in 420k in four years.

The company, on paper, is worth £1.9m even after paying out the £1.38m BUT it only has £272k in cash, and assets worth just £4500. So where’s the rest? Well Charlotte has taken a £950k loan from the company and her dad has taken £380k. In 2018 she repaid £80k of it (but took 163k out as well) and he repaid nothing. So effectively this is how they are living. She’s telling lenders her company is worth £2m while her income is falling off drastically. If they can’t repay the loans from future earnings, the company is £1.2m in debt.

Obviously she may own her home and cars outright and be able to cover the £1.43m loans from those assets,
but that means that after four years of working hard she would be left with £272k which isn’t great is it. And of course if shes spent some of those loans and has the cars on finance and the house on a mortgage - well, stop getting work and she’ll lose it all.

Paying yourself from a company via a loan is a fairly standard attempt at a tax dodge, but the real takeaway from her accounts is that she’s living a millionaire lifestyle despite having earned 350k in the last tax year and having lost most of that on tax and expenses. That’s a very dangerous place to be financially.
 
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D

DietGossip

Handerton said:
Had a lengthy perusal of Charlotte Crosby on companies house this morning

So, she has three companies

A property company with £5000

A clothing company with £10000

Her main company. This one is interesting. In 2018 she made £272,844 from all lines of work. 2017 was far more profitable with £737,556 coming in. 2016 was 350k, 2015 475k. So she’s declared 1.8m income over four years. Total tax and expenses over those four years adds up to £1.38m (its expensive being famous, she’s done over 900k in tax and fees) meaning she’s coined in 420k in four years.

The company, on paper, is worth £1.9m even after paying out the £1.38m BUT it only has £272k in cash, and assets worth just £4500. So where’s the rest? Well Charlotte has taken a £950k loan from the company and her dad has taken £380k. In 2018 she repaid £80k of it (but took 163k out as well) and he repaid nothing. So effectively this is how they are living. She’s telling lenders her company is worth £2m while her income is falling off drastically. If they can’t repay the loans from future earnings, the company is £1.2m in debt.

Obviously she may own her home and cars outright and be able to cover the £1.43m loans from those assets,
but that means that after four years of working hard she would be left with £272k which isn’t great is it. And of course if shes spent some of those loans and has the cars on finance and the house on a mortgage - well, stop getting work and she’ll lose it all.

Paying yourself from a company via a loan is a fairly standard attempt at a tax dodge, but the real takeaway from her accounts is that she’s living a millionaire lifestyle despite having earned 350k in the last tax year and having lost most of that on tax and expenses. That’s a very dangerous place to be financially.
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This is a really interesting analysis, thanks!
 
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H

Handerton

It’s pretty sad.
Having your reputation all over the internet forever in return for... what could end up being nothing real
 
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Littlemisadoughnut

Littlemisadoughnut

I don't understand how these people eg. Katie price, kerry katona, and now apparently Charlotte Crosby duck it all up so bad. I earn an absolute fraction of what they do but could *fingers crossed* weather a bad year or 2. What have they pissed it all away on?! Why don't they have better people advising them?!
 
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Lilykins

Lilykins

Littlemisadoughnut said:
Just seen this pic of her from 2017... She's on the plastic surgery slippery slope for sure, but probably the last time I think she looked pretty good :( this won't be everyone's taste some people will already think she's too far gone, but I like her look here!
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I think her lips actually look normal her and face doesn't look so flat and expressionless either. She should have stopped here. I bet all her break ups don't help, probably makes her question herself and if she has low self-confidence in her looks it might then drive her to have more work done.
Handerton said:
Had a lengthy perusal of Charlotte Crosby on companies house this morning

So, she has three companies

A property company with £5000

A clothing company with £10000

Her main company. This one is interesting. In 2018 she made £272,844 from all lines of work. 2017 was far more profitable with £737,556 coming in. 2016 was 350k, 2015 475k. So she’s declared 1.8m income over four years. Total tax and expenses over those four years adds up to £1.38m (its expensive being famous, she’s done over 900k in tax and fees) meaning she’s coined in 420k in four years.

The company, on paper, is worth £1.9m even after paying out the £1.38m BUT it only has £272k in cash, and assets worth just £4500. So where’s the rest? Well Charlotte has taken a £950k loan from the company and her dad has taken £380k. In 2018 she repaid £80k of it (but took 163k out as well) and he repaid nothing. So effectively this is how they are living. She’s telling lenders her company is worth £2m while her income is falling off drastically. If they can’t repay the loans from future earnings, the company is £1.2m in debt.

Obviously she may own her home and cars outright and be able to cover the £1.43m loans from those assets,
but that means that after four years of working hard she would be left with £272k which isn’t great is it. And of course if shes spent some of those loans and has the cars on finance and the house on a mortgage - well, stop getting work and she’ll lose it all.

Paying yourself from a company via a loan is a fairly standard attempt at a tax dodge, but the real takeaway from her accounts is that she’s living a millionaire lifestyle despite having earned 350k in the last tax year and having lost most of that on tax and expenses. That’s a very dangerous place to be financially.
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God no wonder she will flog any old tit and do anything....I wonder how the loss of the Charlotte show and just tattoo of us will effect her income. Scary how close to the edge people like Charlotte live. She could have a very comfortable life without feeling the need to live like a millionaire! I could see her going down a slippery slope. She is 30 now, going forward can she keep it up for much longer?! What will she have to fall back on when the bubble bursts?
 
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Rxt156

Rxt156

Handerton said:
Had a lengthy perusal of Charlotte Crosby on companies house this morning

So, she has three companies

A property company with £5000

A clothing company with £10000

Her main company. This one is interesting. In 2018 she made £272,844 from all lines of work. 2017 was far more profitable with £737,556 coming in. 2016 was 350k, 2015 475k. So she’s declared 1.8m income over four years. Total tax and expenses over those four years adds up to £1.38m (its expensive being famous, she’s done over 900k in tax and fees) meaning she’s coined in 420k in four years.

The company, on paper, is worth £1.9m even after paying out the £1.38m BUT it only has £272k in cash, and assets worth just £4500. So where’s the rest? Well Charlotte has taken a £950k loan from the company and her dad has taken £380k. In 2018 she repaid £80k of it (but took 163k out as well) and he repaid nothing. So effectively this is how they are living. She’s telling lenders her company is worth £2m while her income is falling off drastically. If they can’t repay the loans from future earnings, the company is £1.2m in debt.

Obviously she may own her home and cars outright and be able to cover the £1.43m loans from those assets,
but that means that after four years of working hard she would be left with £272k which isn’t great is it. And of course if shes spent some of those loans and has the cars on finance and the house on a mortgage - well, stop getting work and she’ll lose it all.

Paying yourself from a company via a loan is a fairly standard attempt at a tax dodge, but the real takeaway from her accounts is that she’s living a millionaire lifestyle despite having earned 350k in the last tax year and having lost most of that on tax and expenses. That’s a very dangerous place to be financially.
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Wow, a good analysis. Thanks!

Wonder what she gets from stuff like ads and Instagram posts and if that’s counted in the above?
 
Falkor

Falkor

Also, if those directors loans aren't repaid by the end of the tax year, they'll be taxed as if they were salary - and that's going to be a BIG bill.
 
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Blahblahahaaa77

Blahblahahaaa77

I’m so glad other people to check Companies House too ... I think I need to class searching for random celebs on there as a hobby 😂🤦🏼‍♀️
 
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Kindred_

Kindred_

Handerton said:
Had a lengthy perusal of Charlotte Crosby on companies house this morning

So, she has three companies

A property company with £5000

A clothing company with £10000

Her main company. This one is interesting. In 2018 she made £272,844 from all lines of work. 2017 was far more profitable with £737,556 coming in. 2016 was 350k, 2015 475k. So she’s declared 1.8m income over four years. Total tax and expenses over those four years adds up to £1.38m (its expensive being famous, she’s done over 900k in tax and fees) meaning she’s coined in 420k in four years.

The company, on paper, is worth £1.9m even after paying out the £1.38m BUT it only has £272k in cash, and assets worth just £4500. So where’s the rest? Well Charlotte has taken a £950k loan from the company and her dad has taken £380k. In 2018 she repaid £80k of it (but took 163k out as well) and he repaid nothing. So effectively this is how they are living. She’s telling lenders her company is worth £2m while her income is falling off drastically. If they can’t repay the loans from future earnings, the company is £1.2m in debt.

Obviously she may own her home and cars outright and be able to cover the £1.43m loans from those assets,
but that means that after four years of working hard she would be left with £272k which isn’t great is it. And of course if shes spent some of those loans and has the cars on finance and the house on a mortgage - well, stop getting work and she’ll lose it all.

Paying yourself from a company via a loan is a fairly standard attempt at a tax dodge, but the real takeaway from her accounts is that she’s living a millionaire lifestyle despite having earned 350k in the last tax year and having lost most of that on tax and expenses. That’s a very dangerous place to be financially.
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What’s her clothing company? I thought her in the the style collection was a collab so that wouldn’t be it would it?
 
H

Handerton

Kindred_ said:
What’s her clothing company? I thought her in the the style collection was a collab so that wouldn’t be it would it?
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Some crappy venture with Bear that never took off
Rxt156 said:
Wonder what she gets from stuff like ads and Instagram posts and if that’s counted in the above?
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Seems to include all income streams, insta posts are pence these days, companies know the average follower will get up to a thousand ads on their stream a day and ignore 99.9% of them, so pay accordingly. Plus most brands have transitioned towards having potential buyers following the brand account, getting their products in front of people who are far more likely to buy them
Herbalife offers no money for posts, but 15% of any speed tracked through a post, hence all these types jumping on that recently. But realistically how many people are buying that scam more than once?

Lilykins said:
I wonder how the loss of the Charlotte show and just tattoo of us will effect her income. Scary how close to the edge people like Charlotte live. She could have a very comfortable life without feeling the need to live like a millionaire! I could see her going down a slippery slope. She is 30 now, going forward can she keep it up for much longer?! What will she have to fall back on when the bubble bursts?
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I can’t imagine those sort of shows pay much. 50k viewers, ads sold for under £1000 in the break, and they can’t sell the show abroad as nobody understands the presenters voices.
Plus tbf they have shown they can have basically anyone present an MTV show and it makes no difference to the ratings. MTV is there to make money so everything will be on as little a budget as possible
 
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Lilykins

Lilykins

Handerton said:
Some crappy venture with Bear that never took off

Seems to include all income streams, insta posts are pence these days, companies know the average follower will get up to a thousand ads on their stream a day and ignore 99.9% of them, so pay accordingly. Plus most brands have transitioned towards having potential buyers following the brand account, getting their products in front of people who are far more likely to buy them
Herbalife offers no money for posts, but 15% of any speed tracked through a post, hence all these types jumping on that recently. But realistically how many people are buying that scam more than once?


I can’t imagine those sort of shows pay much. 50k viewers, ads sold for under £1000 in the break, and they can’t sell the show abroad as nobody understands the presenters voices.
Plus tbf they have shown they can have basically anyone present an MTV show and it makes no difference to the ratings. MTV is there to make money so everything will be on as little a budget as possible
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What is weird is in the Charlotte show MTV always seem to be flying her out to all these amazing places to 'work' because apparently she has a fan base there....all from Geordie shore I imagine but still surprises me!

Speechdancer said:
Classy as ever!

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Is this the new boyfriend??
 
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yeahyouhun

yeahyouhun

She’s probably damaged her eyes with all those contact lenses, bet she never takes them out to sleep the dirty cow 😂
 
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H

Handerton

yeahyouhun said:
She’s probably damaged her eyes with all those contact lenses, bet she never takes them out to sleep the dirty cow 😂
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I don’t think she even takes condoms out - leaves one in there ready at 12 for her 2.30 appointment
 
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I

isntthisstrange

Handerton said:
Had a lengthy perusal of Charlotte Crosby on companies house this morning

So, she has three companies

A property company with £5000

A clothing company with £10000

Her main company. This one is interesting. In 2018 she made £272,844 from all lines of work. 2017 was far more profitable with £737,556 coming in. 2016 was 350k, 2015 475k. So she’s declared 1.8m income over four years. Total tax and expenses over those four years adds up to £1.38m (its expensive being famous, she’s done over 900k in tax and fees) meaning she’s coined in 420k in four years.

The company, on paper, is worth £1.9m even after paying out the £1.38m BUT it only has £272k in cash, and assets worth just £4500. So where’s the rest? Well Charlotte has taken a £950k loan from the company and her dad has taken £380k. In 2018 she repaid £80k of it (but took 163k out as well) and he repaid nothing. So effectively this is how they are living. She’s telling lenders her company is worth £2m while her income is falling off drastically. If they can’t repay the loans from future earnings, the company is £1.2m in debt.

Obviously she may own her home and cars outright and be able to cover the £1.43m loans from those assets,
but that means that after four years of working hard she would be left with £272k which isn’t great is it. And of course if shes spent some of those loans and has the cars on finance and the house on a mortgage - well, stop getting work and she’ll lose it all.

Paying yourself from a company via a loan is a fairly standard attempt at a tax dodge, but the real takeaway from her accounts is that she’s living a millionaire lifestyle despite having earned 350k in the last tax year and having lost most of that on tax and expenses. That’s a very dangerous place to be financially.
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Oh wow! But I’m confused, how is she having to pay 70% tax? I thought the rate was 40 or 50 for high earners?? That’s insane she has to fork out 70% of her earnings I’m sure that can’t be right??? Also I can’t stand her lips
 
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