‘Skint’ Katie Price is building a gym, beauty studio and horse exercise arena in the grounds of her mucky mansion as she plots big showbiz comeback
SKINT Katie Price is planning extensive renovations to her mucky mansion as she plots a huge showbiz comeback, The Sun Online can reveal.
The cash-strapped star, 41, is building a gym, beauty studio and horse exercise arena in the grounds of her massive Sussex home.
A source said: “Katie’s planning this huge showbiz comeback and thinks she’ll be a millionaire by the end of the year, so spending money on the house is actually an investment.
«She’s building a beauty studio where she can film YouTube videos as part of her new vlogging career, and a small gym that Kris can work out of – something she always promised Kieran but didn’t do.
«She’s also building an exercise arena for her horses, too.
«She thinks she can return the house to its former glory at the same time her career takes back off. Then she can show it off on the reality show too.”
Katie’s reps didn’t reply when approached for comment by The Sun Online.
Katie has faced financial problems over the past few months. The 41-year-old, who narrowly avoided bankruptcy last year.
Liquidators have been brought in to break up Jordan Trading Ltd — which handled cash from a range of products including clothing and perfume lines – with Katie owing a total of £2.1 million.
A liquidator’s report into Jordan Trading shows that Katie took out a £154,000 loan from the firm before it went belly-up which she cannot repay and she also owes the tax man £192,000.
Her conduct as the firm’s sole director is being looked at by a government department.
If any wrong-doing in the running of the outfit is discovered she risks being banned from being a company director for up to 15 years.
Katie, who split from her third husband Kieran Hayler last year, avoided bankruptcy at a High Court hearing in December, when she was allowed to enter into the Individual Voluntary Arrangement, a deal to pay back some of her debts.
Jordan Trading was set up in 2003 and at the height of her earning power ten years ago.
She’s been ordered to pay her creditors within four years or her nine-bedroom mansion will be forcibly put up for auction to cover the debts.
But she will only have to pay back 41 percent of what she actually owes — the equivalent of £856,358 — in monthly instalments.
Builders moved into Katie’s house last month despite her being broke – and she drafted in a team to get the house painted and looking good as new.
She’s also had a clear out and piles of white goods have been left stacked outside the property after being replaced throughout the house.
