The business owned by former Shameless star Jody Latham, who previously claimed he was 'worth £18 million', now has £1 of net assets.
The 39-year-old is known for his roles in Waterloo Road, EastEnders and Shameless, where he played Philip 'Lip' Gallagher.
His cosmetic firm, Epitique UK Ltd, reportedly secured a £9.5 million deal with a company in South Korea to distribute dermal fillers for cosmetic treatments.
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However, in documents filed under his business, it can be seen that from February 2022, the company has just £1 in its accounts.
The documents also reveal that the company is now, in fact, dormant.
And this isn't Latham's first failed business as he has previously set up companies that have also financially struggled.
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Intraline UK Ltd - focused on physical well-being activities - was dissolved in 2018, while UK Aesthetics (Wholesale) Ltd was formed in May 2018 and dissolved in October 2019, reports The Sun.
UK Fillers Ltd was created in 2015 and dissolved in 2019 and a firm called Lady Bomb Ltd stopped trading in 2017.
Despite coming across as living a lavish lifestyle, Latham previously mentioned how he was staying away from the 'luxury lifestyle'.
He said: "I live in a two-bed flat and drive a modest car. I'm pumping everything back into the company.
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"It's valued at £18 million. We'll see where we are in a couple of years. I've had money before but not in my hands long enough."
The actor spoke publicly for the first time on the James English's Anything Goes podcast revealing that he 'did a stunt in rehab' during the 2020 pandemic.
He said: "I've never spoken about this publicly. It wasn't for me - but I learned a lot from it.
"My substance abuse is minimal, I do drink sometimes, not every day and not a lot, but because I was going through anxiety and business worries, there was an opportunity to go and refresh.
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"It was exhaustion as well. I took a week out, it was going to be a month, but I took a week."
He continued: "I looked at doing AA but it's all on video, Zoom and all that, so it wasn't really for me.
"Introducing me to it via Zoom seemed a bit futuristic for me. But when I got in there I realised people had far bigger issues than me and that made me feel a little uncomfortable.
"They were dealing with serious issues so I felt a bit intrusive on them. I felt rude being there, other people needed this more than I do."
Featured Image Credit: Channel 4/Instagram/@jodylatham_Topics: UK News, Business, TV and Film