Louise Redknapp invests £ 400,000 of her own money in pop label and touring company after losing money to lockout
LOUISE Redknapp invested £ 400,000 of her own money into her pop label and touring company after losing money during the lockdown.
The singer, 46, found herself losing £ 320,000 in the red as she was forced to cancel concerts in the past year due to the coronavirus pandemic.
According to public documents, Li Lou Records lost £ 236,000 in its first 16 months, while Lil Lou Recording was in debt of £ 87,625.
Companies House newspapers show the mother-of-two loaned her label £ 317,000 interest-free and £ 101,000 to her touring company.
The former Eternal singer Louise had to give up her Heavy Love tour last year, which reportedly saw her perform on 11 dates across the UK.
She told fans at the time, “Hi everyone, following the latest advice from the government, I have made the decision to cancel the rest of the Heavy Love tour shows.”
The star formed the two companies in 2019 after her split from Jamie Redknapp as she made the decision to return to music after 16 years.
She released her first album in two decades, Heavy Love, in January 2020, after securing a divorce from her 19-year-old husband Jamie in December 2017.
The Strictly star – who rose to fame as part of Eternal between 1992 and 1995, before achieving solo success until 2003 – recently admitted that she still dreams of how her career might have progressed. if she hadn’t hung it up.
Speaking to Sheridan Smith, 39, on her Sheridan’s Showstoppers podcast, she said: “I sometimes think to myself that if I hadn’t had an 18-year gap, I wonder how many records I could have sold. .
“In the beginning, having kids and being married was good because you’ve worked a lot and all of a sudden you want that normalcy, that little time at home.
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“[It] I felt happy to breathe again, not to be too concerned with the schedules and to finish the records and just enjoy the kids.
“It was only as time went by and they got bigger [that] my life felt like it was getting smaller in this little box and everyone’s life was getting bigger. I felt claustrophobic and was really scared that I had lost what I loved.
“I really suffered from not doing anything I loved.”