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Published 10:27 31 Mar 2022 BST
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Kate was appointed director of the company last year after Derek remained in hospital and due to his long Covid, he now needs 24 hour care and cannot work anymore.
A source revealed to MailOnline that Kate is "sad" about the company coming to an end but noted that Derek has "no prospects" of returning to work soon.
The business was set up in 2011 and was successful for the following decade before he caught Covid.
Kate is said to have initially intended to save the company but soon discovered that there was no way to bring it back to what it was.
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