Nick Knowles is reportedly in the red just 12 months after launching a new business with fiancée Katie Dadzie.
The couple have expanded into the competitive lingerie and sex toys business, but the company they set up a year ago is believed to be losing money, according to reports. The sun.
Figures show their company, Boa Boa (in which they are listed as directors and have a 50 per cent stake) is making losses of £15,203 after its first year of trading.
In addition to sexy lingerie, the brand also sells sex toys, including vibrators and lubricants.
Its website, which has assets of £34,000 but still has bills to pay, says its underwear “can make us feel sexy, confident and fun… and we want to help you feel that way!”
Nick Knowles has reportedly started a business venture when he and his fiancée Katie Dadzie began selling sexy lingerie.
But while the DIY SOS star, 61, and Katie, 34 (pictured) appear happy with their latest project, they are thought to be losing money according to the Sun.
Katie has been turning heads modeling her lingerie while her fans have continually showered her with adoration and support.
After sharing a candid clip of herself relaxing on a bed in one of the company’s two-piece outfits, her followers flocked to her comments box.
This comes after Nick proved he was a man on a mission by heading to the gym in his bid to slim down for Strictly Come Dancing.
It was revealed that she would be part of the line-up this month and she recently informed fans that she had already lost 6.5 stone while trying to get in shape for the show.
Her weight loss adds to the 1.15 kilos she lost earlier this year when she shed the lockdown pounds.
He spoke about his weight loss on This Morning in June, when Ben Shephard said he didn’t expect Nick to be so agile while rock climbing.
Laughing, Nick replied: ‘No, I’m 61 and you’ll have noticed, the papers pointed out that I put on a lot of weight during lockdown.
“I’ve lost about two and a half kilos and I still have another kilo to lose.”
Figures are said to show their company, Boa Boa, is running a deficit of £15,203 after the first year of trading. The duo are co-directors of the firm and both reportedly have a 50 per cent stake.
Katie has been turning heads while modeling her lingerie while her fans have continually showered her with adoration and support.
Revealing why he signed up for Strictly, Nick said: “I danced an Argentine tango in Rio last year and thought it was brilliant. My older sister was a ballroom dancer so I’m the least talented person in the family.
“I’m really going to go for it. I’m going to give it 100 percent.”
Nick is a television presenter, writer and musician. He is best known for his presenting roles on the BBC, including the game shows Who Dares Wins, Break the Safe and 5-Star Family Reunion.
While Nick is keeping busy training and exercising for Strictly, he has also become a homeowner after putting his idyllic Cotswold cottage up for rent for £1,600 a month.
The presenter returned to the property around 2017 after giving up 80 per cent of his belongings to lead a simpler life.
But Nick has made the decision to put his home on the rental market as he marks the next step in his relationship with Katie following their engagement last year.
The semi-detached property features an open plan kitchen/living room complete with wood burning stove.
Nick’s love of gardening is evident in the flower-filled raised sleepers that flank the driveway, while he has his own vegetable patch out back.
The garden offers stunning views of the Cotswolds countryside.
Over the years, Nick has shared insights into his life in the Cotswolds on Instagram.
In 2020, she considered leaving her London home to move to the countryside.
He wrote: ‘In the Cotswolds, in the middle of winter.
‘I decided to leave London, my home for most of my life, almost three years ago. On days like today I feel blessed to have made that decision. I know I am very lucky to live here.
‘A lot of people say they’d love to live somewhere else abroad during the winter, but I love winter, fireplaces and hot chocolate with marshmallows… and I still get as happy as a child every time it snows.’
Nick was recently spotted stopping off at a garden centre with Katie. The pair packed the car full of plants and the presenter looked eager to get to work in her garden.
The presenter previously spoke about why he decided to downsize and get rid of most of his belongings.
Nick recently put his idyllic Cotswold cottage up for rent for £1,600 a month after moving into Katie’s Berkshire home ahead of his stint on Strictly.
The DIY SOS presenter, 61, returned to the property around 2017 after giving up 80% of his belongings for a simpler life.
The semi-detached property features an open-plan kitchen/living room complete with a wood burning stove.
The modest living room has a cozy wood stove for the winter months.
The garden has stunning views across the Cotswolds countryside. Nick’s love of gardening can clearly be seen in the raised sleepers at the rear.
He told This Morning: ‘I decided to change my life because I woke up one morning and went to look for my watch.
‘I was living alone in a big house and I walked into a room I hadn’t been in for a year and thought, ‘Well, that’s ridiculous.’
‘I threw away 80% of my belongings and moved into a tiny house in the countryside, because I have a small child and I wanted to create real memories.’
He then recalled fond memories from his childhood and said he remembers the sentimental moments with his family more than the size of the house he grew up in.
‘My real memories of growing up were things like picking peas in the back garden with my uncle and dad and going on walks in the woods. They had nothing to do with the size of my house, really.’
Nick has four children: three boys and one girl. His youngest son, Freddie, was born in 2014 during his marriage to Jessica Rose Moor.
In 2020, she considered leaving her London home to move to the countryside.
Nick has four children: three boys and a girl. His youngest son, Freddie, was born in 2014 during his marriage to Jessica Rose Moor (Nick is pictured with eight-year-old Freddie).
Nick and Katie got engaged in New Orleans in August 2023 and the couple announced the happy news on Instagram.
Katie looked delighted in a series of snaps, which included Nick proposing to her while on one knee.
She captioned her post: ‘Something special happened in New Orleans at the last minute.’
Nick wrote: “There was an incident with a Haribo ring in New Orleans. I’m very happy.”