A famous eyebrow artist has insisted it’s “business as usual” despite racking up almost $900,000 in debt following the difficulties of Covid lockdowns and the breakdown of her marriage.

Kristin Fisher, owner of Kristin Fisher Eyebrows in Sydney’s posh Double Bay, has been forced to hire a restructuring specialist from forensic accounting firm Worrells to help resolve her company’s mounting debt.

Ms Fisher has been dubbed the city’s “brow queen” and charges up to $1,600 for her high-end services, with her clientele including celebrities like popstar Meghan Trainor.

Documents submitted to the Australian Securities and Investments Commission (ASIC) reveal Ms Fisher owes $871,736 to the Australian Taxation Office, the Commonwealth Bank and the national workers’ compensation insurer.

The blow comes after his company suffered a $927,000 drop in profits due to the Covid pandemic. Today’s telegraph reported.

Ms Fisher shared a series of posts on Instagram on Friday detailing her financial woes, while assuring customers that her salons would remain open.

“Last December, I received a phone call that no small business owner wants to receive,” she said.

“I was in shock for 24 hours. I didn’t leave my bed. 24 hours of staring at the ceiling thinking how did this happen?

“Luckily, I was in Perth with my family at the time who cried with me, hugged me, took care of me, and finally, when I was ready, they all came together and we immediately set to work to find a solution to this problem.”

She said advisors told her it was time to close her business, but she refused to give up on something she had spent years building.

Ms Fisher, a mother of two, also reflected on the devastating impact of the pandemic on her business.

“I don’t need to remind everyone of this horrible time for all of us, but what should be noted is that as a service-based business we have had no revenue throughout the duration of the lockdown, and a growing debt due to development and the accumulation of rents on site,” Ms Fisher wrote.

“What I’ve spent the last nine months doing is learning everything I can about how things went wrong, how to actually manage your finances – instead of living in ignorance thinking your “advisers” were taking care of it.

“That being said, I can’t place blame. I should have been faced with all of this, but as the old saying goes, “you can’t work in a business and in a business at the same time” – especially when you have two little people who are your main priority at every time. day.

“So I dropped a ball. And here we are.’

Ms Fisher has been dubbed the city’s “brow queen” and charges up to $1,600 for her high-end services, with her clientele including celebrities like popstar Meghan Trainor.

Ms Fisher thanked her staff, customers, family and friends for standing by her through difficult times, and confirmed that she and her business had “survived this shit show”.

“The financial advisors who now work for me have taught me a lot. And I’m really grateful to them,” she continued.

“This is something I can’t stress enough to small business owners: make sure your accountants are good and that they actually care about you (!!) and are in constant communication with you about your situation, whether good, bad or ugly.

“Just be on top of everything and push for monthly meetings or zooms. If you are a small business, opt for a small accounting firm. There you don’t get lost in the system.

“Just to reiterate: we are business as usual, we will continue to operate as usual and we will continue to grow and prosper because that is what we do. Get knocked down and get back up,” she said.

“These nine months have been the best and worst times, but my goodness, I have learned so much, and the patience the people above have had with me while going through this is something I will never forget .”

Ms Fisher thanked her staff, customers, family and friends for sticking by her during difficult times, and confirmed that she and her business had “survived this shit show”.

Specialist Mervyn Kitay of Worrells said Ms Fisher’s business had “suffered both the effects of Covid-19 and the breakdown of her marriage”.

“It is clear from my review that the combined effects of Covid (including lockdowns) and marital breakdown, exacerbated by a lack of financial advice, have left the company as the main source of funding for its business and those from Ms. Barnes (Ms. Fisher’s married name) personally,” Mr. Kitay wrote.

“This resulted in the start of what can be described as a substantial increase in Ms Barnes’ indebtedness to the company. For example, the company became the source of funding for Ms. Barnes’ income tax debts.

She had also become the primary caregiver for her two children following her separation from her husband in 2020.

Mr Kitay had to submit a restructuring plan to ASIC to prevent Kristin Fisher Eyebrows going bankrupt.

The plan proposes that the company pay $216,000 this year and have the rest of the debt repaid in full at a later date.

Kristin Fisher Eyebrows has a storefront in Double Bay in Sydney and opened a new salon in Perth in June.