The results helped push Beckham Brand Holdings to its first ever net loss of £1.6m ($3.04m) in 2018, which compared with a net profit of £12.3m ($23.4m) a year earlier.
A large tax hit also contributed to the loss. Without that charge, pre-tax profit was £1.8m, down from £15.7m the year before. The company had deferred nearly £2m in taxes based on an agreement with Global Brands Group in 2015, its partner for the Seven Global company. The group had also in previous years benefited from a more generous tax relief on losses made by Victoria Beckham's company, which was no longer available after Neo Investment Partners in 2017 acquired a third of her business.
The company said it had performed better in 2019. The fashion business of the former Spice Girl had this year seen a "significant improvement in financial performance", and her husband had signed new brand partnerships with companies such as sunglass maker, Safilo.
"We end 2019 in a very strong position, with our brands in good health and with significant potential for future growth," the person said.
David Beckham, who retired from a 20-year-long career in football six years ago, has built a personal branding business, partnering with names such as L'Oréal and whisky maker Haig Club.
The former England star, who has nearly 60m followers on Instagram, previously told the FT his decision to retire came as he wanted to start "owning and building businesses".
This year, he and his wife took full control of Beckham Brand Holdings by paying roughly $50m for the 33 per cent stake owned by Fuller, the former music manager who created the Spice Girls.
In 2018, the Beckhams also launched a film production venture called Studio 99. The company said it was "in talks" with streaming platforms Netflix and Amazon Prime Video over planned projects, including a documentary series about the launch of Inter Miami FC.
The company paid out £11.1m to its shareholders, which last year included Fuller.
