Claremont Media Productions, the firm in which Charlie Nicholas is the sole director, has been placed into liquidation after a court ruling.
Speaking to the court, the appointed liquidator applied to have the company shut down due to debts it could not repay and anyone who is owed anything by the company was given eight days from the date of the ruling to make a claim.
Nicholas reportedly used the company to channel his earnings from his TV punditry work but accounts show that the company owed creditors £110,000 last year.
There was some good news for those who are owed money with Maureen Leslie, interim liquidator who works for debt recovery firm MLM Solutions, saying that all known creditors would be repaid.
“MLM respects the privacy of all our clients and it is not our policy to comment on individual cases,” Leslie told the Daily Record.
“However, I can confirm that all known creditors in this case will be paid in full.”
Buying a house worth £775,000 in Glasgow in February this year from goalkeeper Allan McGregor, Champagne Charlie is hardly living like a pauper but despite being granted six weeks to try and save his company, a petition to wind it up was filed on 28th June. Who filed the petition is not known.
Originally set up in 2013 as Charlie Nicholas Promotions, the name was changed earlier this year.
He allegedly earns £400,000 from Sky for his role as a pundit.