Kate Middleton's parents, Caroline and Michael, have reportedly been forced into retirement in order to protect the Princess of Wales' royal reputation.The Middleton family registered a company called First Birthdays with Companies House in the UK some years ago which they had hoped to launch once they sold off their Party Pieces empire, the Express reports.However, it's now been revealed that Carole and her husband Michael Middleton have finally decided to hang up their "entrepreneurial" dream and focus on their family instead following the collapse of their party planning business, which racked up debts of more than £2.6m.The source said: “The Windsor name took a minor dent when Party Pieces collapsed because of all the money it owed to hard-working people.“There’s no way that the Palace will want that kind of thing to happen again.
The royals are meant to be inspirational for hard-working people, not those that are seen to profit from the loss of others.”Companies House records show that the Middletons set up the 'First Birthdays' business in 2006 to secure the name but it has remained idle since then.Despite this, the couple signed on to keep it running as a dormant company in May of this year and changed the address of the company on August 31 from Party Pieces Childs Court Farm to The Manor Bucklebury in Reading, which is the £4.7m mansion where the family now reside.The source said: “The couple were busy planning their next move but have now scrapped any future business plans to protect their daughter’s reputation. Join the Daily Record's WhatsApp community here and get the latest news sent straight to your messages. “Anything the Middletons do will inevitably swing back on Kate, so it’s best that her
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