Harry and Meghan may have let slip new venture's name in 'MWX' filing
The Markle Windsor Foundation? Harry and Meghan may have let slip name of a new venture by changing the title of Sussex Royal to ‘MWX’ while wrapping up charity
- EXCLUSIVE: Duke and Duchess have changed Sussex cause to MWX Foundation
- The couple had agreed to stop using ‘Royal’ in future brands after duties split
- But new winding-up paperwork shows they have changed the cause’s name
- It sparked speculation the new identity MWX Foundation could be new venture
- Documents show £200,000 sum receivable – which is another word for owed
- Harry and Meghan have already announced Archewell as a cause
Harry and Meghan may have let slip the name of their new venture, after papers shutting down their Sussex Royal charity revealed a new identity of the MWX Foundation.
The Duke and Duchess of Sussex agreed to stop using their ‘Sussex Royal’ brand after announcing they were to step back from their regal duties.
It prompted talks with aides and it was decided they would be unable to use the word ‘royal’ as part of any of their new branding.
Now paperwork published winding up their Sussex Royal The Foundation of the Duke and Duchess of Sussex cause said it would change its identity.
Meghan and Harry have already announced their Archewell charity but no mention of MWX
Companies House documents state: ‘The charity’s name be changed to the MWX Foundation’.
The papers also show the Sussex Royal Foundation had £99,000 in the bank and how it will cost £16,000 to wind up the good cause.
They also show that the charity was owed £200,00 from an unknown source.
Financial expert Robert Leach, who looked over the publicly available documents, told MailOnline: ‘I have never heard of a company changing its name while it is being would up.
New publicly available paperwork showing the Sussex Royal Foundation’s new name
‘It does take a little bit of time to wind up a company though, so perhaps it’s a break from the ‘Royal’ name for that period.
‘The Companies Act 2005 section the papers quote is simply the procedure for changing a company’s name. A name may be changed for any reason. The most commons reasons are because the existing name has become toxic, because it no longer represents what the company does, or because the name is not permitted.
‘In this case, it is probably the latter. Many terms require permission from someone to be used in a company name. The word ‘royal’ is strictly guarded.
‘It is unusual to have a figure for ‘receivables’ in a charity account as that indicates sums owed but not yet paid, such as an invoice not yet paid.
‘Charities rely on donations which are not sums legally owed before being paid.
Previously Harry, Meghan, Kate and William had been involved in the Royal Foundation
‘The fact that the sum is a round figure of £200,000 suggests that whoever it is coming from is making periodic payments, possibly with future payments to the new charity.’
This is not the first time the MWX brand has been linked to the couple.
They established the company MWX Trading Ltd last August, naming their lawyer, Gerrard Tyrrell, as its secretary.
Natalie Campbell, who worked for their charitable foundation Sussex Royal, is the director.
They registered it at Companies House and have already used the business to apply for trademarks, which included the name Travalyst.
The Duke of Sussex speaking during a sustainable tourism summit about Travalyst in February
Sussex Royal was also the title of their Instagram page and their website, which still bear the name.
They said of the July transition: ‘The Duke and Duchess of Sussex do not plan to start a ‘foundation’, but rather intend to develop a new way to effect change and complement the efforts made by so many excellent foundations globally.
‘The creation of this non-profit entity will be in addition to their cause driven work that they remain deeply committed to.
‘While The Duke and Duchess are focused on plans to establish a new non-profit organisation, given the specific UK government rules surrounding use of the word ‘Royal’, it has been therefore agreed that their non-profit organisation will not utilise the name ‘Sussex Royal’ or any other iteration of ‘Royal’.’
After announcing they were launching a new charity Archewell in the US back in April, the couple said they were ‘looking forward’ to getting started with the foundation, which will replace their Sussex Royal brand.
Harry and Meghan also revealed the Greek word in the project Arche – meaning source of action – was the inspiration behind the name of their son Archie Mountbatten-Windsor.
The final stage in Sussex Royal’s closure begins amid the fallout from the Finding Freedom biography, which has exposed the resentment and mistrust that led to Harry and Meghan quitting as working royals.
Documents filed for the Sussex foundation on July 7 gave a new service address for Harry and Meghan at Buckingham Palace, following their decision to base themselves in Los Angeles.
It also emerged that an error at Companies House had meant that the prefix of Meghan’s name was initially filed as ‘Dr’ even though she has never been a doctor. The error was quickly corrected after it was spotted.
Harry and Meghan have been reported to be planning to shift their emphasis on to helping other charitable endeavours and good causes such as their new Archewell foundation which still has to be properly launched.
They are also said to be keen on promoting Harry’s eco-tourism scheme ‘Travalyst’
The company – which has been set up independently – hopes to help the hard-hit tourism industry survive the coronavirus crisis and to promote more sustainable forms of travel and holidays.
It brings together some of the biggest operators in the travel industry – including Visa, Booking.com and Skyscanner – to help travellers pick low carbon options more easily and chose destinations that will have more benefit to local communities.
Responding to media reports back in April about Archewell, the duke and duchess said they were focusing their efforts on the coronavirus pandemic but felt ‘compelled’ to reveal details of the venture.
A spokesman for Meghan and Harry did not respond to a request to comment about MWX when contacted by MailOnline.
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