Gwyneth Paltrow £1 million deep in debt

Gwyneth Paltrow's Goop has debts of over £1 million.  

The 'Iron Man 3' actress opted to file an "abbreviated balance sheet" for her lifestyle business' 2013 accounts but information available and obtained by shows the company's assets fell from £530,184 in 2012 to £476,410 the following year.  

And Goop has debts of £1.016 million due to be paid in the coming year, up from just over £722,000 in the previous 12-month period.  

Shareholders' funds have plummeted from a loss of £177,788 in 2012 to £523,200 but the company are optimistic of their future, largely thanks to a move into e-commerce.  

The report notes: "As the company started product sales in June, 2012, the directors are of the opinion that predicted profits will provide sufficient resources to enable to the company to continue trading for the foreseeable future."  

In 2012, Goop recorded an overall loss of £23,718.  

This year, the company - which has moved from London to Los Angeles - has seen big staff changes, with former Martha Stewart Living executive Lisa Gersh taking over from Sebastian Bishop as CEO, and Finance Director Preete Janda leaving her role in July after a year.

Topics:  celebrity chris martin entertainment gwyneth paltrow

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Next generation of yogis learn in the Lockyer

TUNING IN: Sarah Weber runs her kids yoga class once a week, each term from her Cura Life Studio in Gatton.

Yoga teacher Sarah Weber shares the benefits of starting yoga early.

All's Wells for Madi after third national silver medal

RISING STAR: Lockyer District Athletic Club's Madison Wells celebrates her latest silver medal success with mum Sharyn and dad Lee in Melbourne.

Madison Wells won silver at the Australian Multi-events titles.

Bid on hot cross buns to help raise funds

GOING HOT: The Old Fernvale Bakery aim to raise $40,000 for the Lady Cilento Childrens Hospital by donating $1 from every pack of hot cross buns sold. Pictured here are Lyn and Bill Rose with the latest hot cross bun creation, cranberry, pistachio and white chocolate.

Help the Old Fernvale bakery get over the line.

Local Partners