Apparently, there is a very small chance of it being recovered<\/p>\n
He may have made his name on Made In Chelsea<\/a> with his party-boy charm and messy love life, but it turns out Miles Nazaire\u2019s real drama has been playing out off-screen, with his company now in serious debt.<\/p>\n The Daily Mail reported<\/a> that Miles\u2019 production company, LGI Productions Ltd, has officially gone into voluntary liquidation. As a result, it has left a long list of unpaid debts. Apparently, there is a very small chance of it being recovered.<\/p>\n Miles Nazaire, who is 29 and half-French, has stayed visible on-screen with appearances on Dancing On Ice and the Channel 4 documentary Obsessed With My Muscles. But behind the scenes, LGI Productions, which was registered under \u201cperforming arts\u201d and launched in 2022, has struggled.<\/p>\n So, how much does his firm actually owe?<\/p>\n The numbers are bleak. The company owes \u00a347,000 in unpaid VAT, and \u00a338,000 in overdue corporation tax, both owed to His Majesty\u2019s Revenue and Customs. On top of that, \u00a311,000 is owed to accountancy firm Sobell Rhodes.<\/p>\n In total, the business has around \u00a396,000 in debt. Even after all assets are gathered, early estimates suggest a shortfall of \u00a382,100. That means most creditors, including the taxpayer, will never be paid.<\/p>\n Despite the collapse, Miles appears to be moving forward. He has launched a new company called Maison Naz Ltd, also in the performing arts industry.<\/p>\n Miles was also reported to be working on a new vlog project titled Life of Miles. He teased the series in a video posted on Instagram<\/a> last month. The clip features fellow Made In Chelsea cast members including Arman and close friend Tunde Ogunsina.<\/p>\n He was also rumoured also to be joining the cast of Love Island USA but nothing has been confirmed yet.<\/p>\n The Tab reached out to Miles Nazaire\u2019s representatives for comment, but they declined to respond.<\/p>\n For all the latest reality TV news and gossip,\u00a0like The Holy Church of Love Island on Facebook. <\/a>Featured image via YouTube<\/a>.<\/p>\n \n<\/blockquote>\n