2 weeks Ago
Decades before becoming chief executive of The Prince's Foundation – and one of the future King Charles's most trusted confidants – Michael Fawcett supplemented his modest income as a Buckingham Palace footman by taking a Saturday job in a menswear shop. Presumably eager that his children, Oliver and Emily, should be spared similar indignity, the acutely focused Fawcett appointed them as directors of his events company when they were just 22 and 24 respectively. But things have not, alas, gone quite according to plan.
Indeed, I can reveal that Oliver, now 28, has suffered a brutal reversal of fortune. Just two years after becoming the key shareholder in – and sole director of – 303 London Ltd, a company specialising in 'television programme production activities', he's been obliged to call in the liquidators after it amassed debts of nearly £700,000. It's an unhappy situation.
The company owes £550,000 to HM Revenue & Customs – and a further £13,000 in unpaid corporation tax. Banks and other institutions are owed a total of £110,000, and 303's landlord another £12,000. Oliver had appeared to be racing along in his father's slipstream.
While he couldn't immediately hope to tuck away the £95,000-a-year Fawcett senior received as chief executive of The Prince's Foundation, Oliver's company pocketed £16,000 from the foundation in 2016, £1,770 in 2017 and £400 in 2018, for producing short films covering events at Dumfries House, the magnificent Palladian pile in Ayrshire which the King 'saved for the nation'. King Charles wears a kilt as he stands with one of his most trusted confidantes Michael Fawcett A younger Charles - then Prince - hunts at Sandringham with Michael Fawcett Those glory years may now seem a distant memory. In 2021 Michael – who reputedly squeezed toothpaste onto the royal toothbrush after Charles suffered a severe fall playing polo – resigned from the foundation following allegations that he'd discussed securing British citizenship and a.
.. Richard Eden.
