Prince Edward's TV production company collapses

Ardent Productions, launched by Prince Edward in 1993, has folded, leaving investors with £40.

The Earl of Wessex attracted £2.2m worth of investment in Ardent when he launched the company. It however became infamous for making a string of documentaries on royal history, spearheaded by Edward.

Ardent ran into trouble in 2001 for breaching the royal family's privacy guidelines. It apparently filmed Prince William at university without his permission. Edward stepped down as joint managing director of Ardent in 2002.

The company recorded losses every year and slipped into voluntary liquidation last June. At the time, a statement of assets revealed that Ardent had £1,336.27 left in its bank account, with a debt of £104 owed to it.