Tyson Fury’s property company has reportedly been struck off the register after failing to submit any accounts since its establishment in January 2023.
The former heavyweight champion’s firm GreenwayBalmoral Ltd, where he was listed as sole director, was dissolved last week through a compulsory strike-off action by Companies House.
His company received a warning in December that it would be removed from the register within two months unless objections were raised, according to The Sun.
The development marks a big setback for the Gypsy King, 36, who announced his fifth retirement from boxing in January following his defeat to Oleksandr Usyk.
Tyson Fury’s property company has reportedly been struck off the register after failing to submit any accounts since its establishment in January 2023
PA
The company was established for “buying and selling of own real estate” and “letting and operating of own or leased real estate”.
Under UK law, company directors face personal fines for failing to file accounts on time.
The penalty starts at £1,500 for the first year of non-compliance.
This amount doubles to £3,000 for the second year of failing to submit accounts.
Tyson Fury retired from boxing last month after losing to Oleksandr Usyk for a second time
PA
Fury was hit with these financial penalties before the company’s eventual removal from the register.
The heavyweight icon’s extensive property portfolio includes a £1.7 million home in Morecambe, Lancashire.
The boxer also owns a £1 million property in Cheshire, which is currently occupied by his father John.
Additionally, he holds a £550,000 house in Lancaster.
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These properties stand in stark contrast to his dissolved property company’s performance.
“Clearly his future isn’t in property development,” a source was quoted as telling the publication.
Despite the property company’s failure, Fury’s other business ventures show remarkable success.
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Latest accounts from June 2024 reveal his other registered company, Tyson Fury Ltd, increased in value from £52 million to £82 million in the year to September 2023.
The boxer announced his latest retirement last month, declaring: “It’s been a blast.”
He opted to step away after losing to Oleksandr Usyk for a second time in December.
Tyson Fury continues to be linked with a blockbuster fight with Anthony Joshua, despite recently announcing his retirement from the sport
PA
However, speculation continues to mount regarding a potential return to the ring for a highly anticipated showdown with Anthony Joshua.
Joshua hasn’t fought since losing to Daniel Dubois back in September.
But fans would love to see the two Britons meet in the ring in what would represent a clash for the ages.