Carole and Michael Middleton's company Party Pieces filed for bankruptcy in May 2023. The company accumulated debts of 2.6 million pounds (around 3 million euros) Princess Kate's parents can no longer even pay the amount that the contracted company Interpath Advisory (IA) needs to handle the bankruptcy.
The Middletons converted their business into a limited company in 2019, they are at least spared personal liability. This means they can continue to look after their grandchildren Prince George (10), Princess Charlotte (8) and Prince Louis (5) and Kate, who has cancer.. “Carole is the driving force that holds the family together with minimal effort and maximum humility. She picks up and drops off George, Louis and Charlotte, drives them to school sporting events and offers them endless support,” a family friend told The Independent about Carole Middleton’s help for Princess Kate.. "She came to their aid, offered comfort and was a rock for Catherine and William as they dealt with the news," another family friend said.