A Plymouth-based investment firm with connections to the royal family has fallen into administration, owing nearly £30m.
Thomas Kingston, who was married to the daughter of Prince and Princess Michael of Kent, served as director of Sutton Harbour-based Devonport Capital from 2017 until his death at the age of 45 last year.
He died from a catastrophic head wound caused by a gunshot at a property in Gloucestershire in February 2024.
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The firm he managed alongside co-director Paul Bailey is now under the control of administrators at Hertfordshire's RG Insolvency.
Devonport Capital, registered at Salt Quay House, offered secure loans to small and medium-sized businesses. Companies House documents reveal the company owed unsecured creditors a total of £29.5m, including £825,000 to Mr Bailey's Plymouth-based Gunwharf Holdings, one of two holding companies that controlled Devonport Capital.
However, assets worth £32m are expected to be realised, according to the company's statement of affairs, and there is expected to be a surplus of £2.5m after creditors are paid.
A company spokesperson has been quoted in the media stating that the most equitable way to distribute funds was to put the business into administration.
Devonport Capital, a firm that provided financial backing to businesses trading with or operating in "emerging" markets, aimed to offer short-term capital solutions for SMEs expanding internationally.
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The majority of its creditors, as recorded at Companies House, are based in the 海角视频, including those in Devon, but it also has creditors in Singapore, Panama, and Dubai.
According to the Devonport Capital website, the company is currently under the administration of joint administrators.
Mr Kingston, an alumnus of the University of Bristol, had a career that included a stint in Iraq where he worked on hostage release efforts as part of the Foreign Office's Diplomatic Missions Unit.
At an inquest last year, his father, William Martin Kingston, described how he found his son dead in the locked bathroom of a detached house. A narrative conclusion was recorded at his inquest.