The financial problems at Rosemary Conley Food & Fitness Ltd have been attributed to the cost of launching a dedicated television channel.
The company say since its launch Rosemary Conley TV has failed to make a return, and has been draining the company's resources 'for years'.
More than one million pounds was originally used to set the digital channel up. The magazine arm of the fitness guru's business, Quorn House Publishing Ltd, is also in trouble, with a slump in sales also being blamed for the company's financial problems.
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A sunny but chilly start. Cloud increasing with a little rain affecting northern and western areas, especially over the Derbyshire hills.
After a mainly dry, and locally chilly start, cloud will thicken, with some patchy rain possible across northern counties.
Becoming generally dry overnight with clear spells. A sunny but chilly start tomorrow. Cloud increasing with a little rain for some.