Jemma Kidd, the successful model and make-up artist has been the latest to call quits on her business according to reports. Jemma Kidd Make-up Ltd has collapsed into administration with debts of over £2m.
Jemma Kidd set up the business seven years ago with her friend Grace Fodor, the star of the BBC business programme Be Your Own Boss. The business was doing well until it lost its contract with Boots. She moved to offering makeup courses to which lots of people went paying £1000.
Unfortunately anyone who has paid for these courses in advance are unlikely to get their money back from the administrators at RSM Tenon. However, it has been reported that on Twitter Jemma has promised refunds. She will probably need to pay for these out of her own pocket as the company will not be able to afford any refunds after the other creditors have been paid. 30 staff made redundant.
A spokesman for administrators RSM Tenon told the Daily Mail: ‘Unfortunately, the business has suffered from a decline in sales and we are currently seeking a potential buyer.’