Middleton family debt added stress for Kate

Carole, pictured with Kate's sister Pippa, is reportedly trying to protect Kate. Photo / AP

Carole Middleton is reportedly trying to protect her daughter Kate Middleton, the Princess of Wales, from the family’s financial woes.

Princess Kate’s parents Carole and Michael reportedly owe more than £240,000 ($500,000), following their business The Party Pieces Company going into administration in 2023.

Kate Middleton’s mother, Carole Middleton, is reportedly trying to protect the Princess of Wales from the family’s debt.

Insolvency firm costs have added to the original debt of £2.5 million ($5.25m), British media outlets have reported, and Party Pieces assets were insufficient to cover consultants fees, says The Times.

Interpath Advisory’s consultants’ average hourly rate is believed to be £566, and quickly ballooned, with the Middleton’s business owing £260,000 in fees to the firm.

The business entered the US market in 2021 - however financial backers withdrew not long after.

Kate, the Princess of Wales, is undergoing chemotherapy. She made a video announcement after weeks of speculation spread on social media about her whereabouts and health since she was hospitalised in January for unspecified abdominal surgery. Photo / Kensington Palace

Carole is reportedly trying to shield Kate so she can focus on recovering from cancer and being with her young family.

“It’s a stressful time at the moment and she will be pulling out all the stops to shield her daughter from this,” royal commentator Afua Hagan told Us Weekly.

Adding to the already stressful situation, Kate has also suffered from intense attention from the public and media following her disappearance from the public eye and the mishandled crisis management from the Palace – which released a poorly retouched photo that was recalled by photo agencies and blamed on Kate.

To put an end to frenzied speculation and rumours, Kate released a reportedly fast-tracked video explaining her cancer diagnosis, preventative chemotherapy treatment, and why she kept the news private.