Meghan Markle and Prince Harry cut ANOTHER tie with Britain as they dissolve UK-based Sussex Royal firm they renamed MWX

MEGHAN Markle and Prince Harry have today cut another tie with Britain after dissolving their UK-based Sussex Royal firm.

Companies House documents show that the couple has instructed a voluntary liquidator to wind up the charity, which they renamed MWX last year.

Information on the site shows Harry and Meghan put in a request to wind up the company on May 4 – before appointing a voluntary liquidator today.

It means the couple is not broke but are instead just shutting down the chairty.

It will take up to 10 days to process but it is the latest signal which suggests they will not be returning to the UK after settling in California.

The shutting down of the charity comes just a day after Meghan and Harry were seen beaming together in a new video clip for the Duke of Sussex’s mental health series with Oprah Winfrey.

Harry, 36, teamed up with the US chat show powerhouse for the upcoming documentary The Me You Can’t See.

The first trailer for the series, which begins later this week, was released yesterday – featuring new footage of Meghan and Harry together.

The Duke and Duchess of Sussex can be seen smiling from ear to ear, with Meghan peering over her husband's shoulder as he sits at a computer.

Their new series starts on Friday and features contributions from singer Lady Gaga, Syrian refugee Fawzi, and DeMar DeRozan of the NBA's San Antonio Spurs.

The new show suggests the couple will remain in the US for the foreseeable future and the dissolving of their British-based firm adds to that theory.

Last year, the pair decided to change the name of Sussex Royal.

Information on the Companies House website confirmed paperwork had been submitted on their behalf to change its name to MWX Foundation.

Documents giving notice of the change of name of Sussex Royal The Foundation of the Duke and Duchess of Sussex were first filed in July – but then withdrawn just nine minutes later.

But Harry and Meghan performed a U-turn just days later to change the charity name to MWX Foundation.

Speculation was rife around what the initials could stand for – with guesses including the Markle Windsor Foundation or possibly the Mountbatten Windsor Foundation.

As part of the change, documents also filed showed a number of directors, including Meghan, had stepped down, confirming the charitable foundation was officially being axed.

What is voluntary liquidation?

A director can propose a company stops trading and be liquidated (wound up) if it cannot pay its debts or if enough shareholders agree. 

In order to get a shareholders' agreement, the director must call a meeting of shareholders and ask them to vote. 

Three quarters of shareholders must agree to the winding-up process in order for it to pass. 

If successful, the director must appoint an authorised insolvency practitioners as a liquidator to take charge of winding up the company. 

They must then send the resolution to Companies House within 15 days and advertise the resolution in The Gazette within 14 days. 

Also, their responsibilities as a director will change. 

They will no longer have control of the firm or anything it owns and cannot act for or on behalf of the company. 

The director must hand over any information relating to the company the liquidator asks for – including assets, records and paperwork. 

In some cases, they can be banned from being a director for between two and 15 years or even prosecuted if a liquidator deems their conduct to have been unfit. 

The change was just the latest move for the couple who stepped down from Royal duties last year.

The Queen told them they couldn't use the word "Royal" in their branding after they quit the Firm to become financially independent and live in North America.

The Sussex Royal foundation was launched on July 1 2019, after the couple split from the foundation they shared with Prince William and Kate Middleton. 

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