Nick Knowles is understood to be in the red just 12-months after launching a new business with his fiancée Katie Dadzie.
The couple have branched into the competitive lingerie and sex toy trade, but the company they set up a year ago is believed to be losing money, reports the Sun.
Figures show their company, Boa Boa – for which they are listed as company directors and have a 50 percent share – is £15,203 in the red after its first year of trading.
As well as sexy lingerie, the brand also flogs sex toys including vibrators and lubricants.
Their website, which has assets of £34,000 but still have bills to pay, says its undies ‘can make us feel sexy, confident, and playful . . . and we want to help you feel that way!’
Nick Knowles has reportedly started a business venture as him and his fiancée Katie Dadzie has started selling sexy lingerie
But while the DIY SOS star, 61, and Katie, 34, (pictured) appear happy with their latest side they are believed to be losing…