Ant Middleton has placed his company into voluntary liquidation with debts of over £2m.
The former Royal Marine – who was sacked by Channel 4's SAS: Who Dares Wins in 2021 due to his "personal conduct" – has dissolved the company he set up in his name in 2014 whilst still owing £2m to creditors and HMRC.
But before liquidising Sway and Starting Ltd, originally known as Middleton Global, the reality TV star took out a director's loan of £2.7m.
A spokesman for Middleton told The Sun: “Due to the impact of lockdowns on Ant’s work and the associated adverse effects on the company, unfortunately Middleton Global Limited has had to be placed into voluntary liquidation.
“Ant has an extremely busy year ahead and is focused on his TV work, brand deals, books and events.”
Accounts for other companies in his name – Antcolony Ltd, Middleton IP and Middleton Global IP – are all late, according to official records at Companies House.
Middleton was dropped from SAS: Who Dares Wins after he came under criticism for comments he made about the Black Lives Matter protests as well as the coronavirus pandemic. He later apologised for both social media posts.
The father-of-five – who resigned from his role as the Royal Navy’s chief cadet last year – previously blamed "woke culture" for Channel 4's decision not to renew his contract.
He published a new book titled Mental Fitness in 2021 and also appeared on the Australian version of the show.
He has since been very vocal on social media in criticising his replacements on the series.
Middleton joined the army at the age of 17 in 1998 and served for 14 years. He served four months of a 14-month prison sentence in 2013 for unlawful wounding and common assault on two police officers outside a nightclub in Essex.
Watch: Ant Middleton transferred to the Australia version of SAS: Who Dares Wins