Ed Sheeran is poised to pocket a significant £12 million following the decision to shut down his touring company.
The renowned 35-year-old musician has officially filed paperwork with Companies House as of April 7 to dissolve his Hayagota-tourboi Touring LLP.
Since its inception in 2012, the company has amassed over £400 million. Recent financial records for 2024 reveal a turnover of £40.3 million.
After settling outstanding debts, the company nets a profit of £12.5 million, which will be transferred to Sheeran upon the firm’s closure.
Despite winding down this company, Sheeran is far from retiring from the road. He kicked off his Loop Tour this January with performances in Australia and New Zealand. After a brief hiatus, he is slated to continue in South America this May.
In a strategic move, the chart-topping artist established a new enterprise, Gingerbread Touring, last year, likely to manage future tour revenues.
Ed Sheeran is set to bank £12million after closing down his touring firm
Ed recently revealed his wife Cherry Seaborn is ‘on the other side’ of her cancer journey as he reflected on the moment he found out about her diagnosis.
Doctors discovered Cherry had a tumour in her arm in February 2022 while she was six months pregnant with their second child, daughter Jupiter.
In the same week Cherry found out she had cancer, Ed’s best friends Jamal Edwards and Shane Warne died suddenly and a court case launched over his song Shape Of You, where Ed was accused of plagiarising and which he later won.
After Ed, 35, and Cherry, 32, who wed in 2019, welcomed Jupiter into the world, the mother-of-two had an operation to remove the tumour.
Sharing an update on his wife’s health, Ed explained: ‘The day Cherry rung me up and said that she had cancer, that was probably one of the worst days.
‘That was probably the worst week because Jamal died that week as well and then we went straight into the court case. And then Shane died.
‘She’s fine, I mean she had the operation. She was pregnant at the time so that’s why it was difficult.
‘She had the operation to remove the tumour after she’d given birth to our second child. Thankfully, touch wood, totally fine.’
Ed chatted to Benny Blanco, Lil Dicky and Kristin Batalucco on an episode of the Friends Keep Secrets podcast.
When Cherry first sought medical help, she was initially told by a doctor ‘this is really bad’ and that she had cancer.
The mother-of-two immediately rang Ed telling him to cancel all of his plans, while they waited an agonising month long wait for the full report.
But Cherry was told there were no treatment plans that would work with her pregnancy.
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Ed recently revealed his wife Cherry Seaborn is ‘on the other side’ of her cancer journey as he reflected on the moment he found out about her diagnosis (seen in 2018)
After a sequencing test was done on the tumour, the couple found it was much less severe than what was thought originally and surgery could be done after she had given birth to Jupiter.
Cherry said in Ed’s Disney+ documentary: ‘It was the most incredible news. I nearly threw up when the surgeon told us we could wait to the end of the pregnancy to get the tumour out.
‘We didn’t have to worry about delivering the baby early.’
Ed and Cherry went on to welcome Jupiter and announced her arrival in May 2022 with a sweet Instagram post. The couple are also proud parents to Lyra, four.
In Ed’s documentary, Cherry gave an update on her health after going for a check-up appointment months after the initial surgery – and was thrilled when she was told the tumour hadn’t come back.
She said: ‘Yesterday I had follow up scan in my arm to see if the tumour had come back. We were silent in the car as we were worried it would be bad.
‘It was super triggering being in the same room when things weren’t so positive at the start of the year. The surgeon looked at the scans and it all looks good. The lymph nodes have all calmed down. That was amazing. It was massive for us.’
