Robbie Williams, 41, will dissolve the company that handles his profits and also named after his daughter Theodora Rose.
The singer will cash in £14.7million after the closure of Teddy Bear Productions into voluntary liquidation. Teddy Bear Productions was understood to be named after the singer's daughter Theodora Rose.
He had signed a report of solvency in order to close it down after kicking off a tour in Australia and New Zealand on Friday.
He set up the firm around 2012 and according to Companies House documents he holds £317 million after his Take the Crown tour last 2013 and owned assets of 14.7 million.
Robbie and his wife, US actress Ayda Field, 36, together with their 11-months son named Charlton Valentine has increased their personal wealth in view of the fact that he left his home in Stoke-on-Trent when he was 16 in order to join Take That in 1990.
Robbie ranks 15 in the 2015 Sunday Times Rich List of musicians because of having £135million. He quits Take That in July 1995 and took the journey of becoming one of the best selling British solo artist ever.
In 2002, he signed an £80million deal with EMI Records wherein he will did four albums. He then declared that he will be rich "beyond his wildest dreams."
The actor lives in his £17.5million mansion located at West London which he bought in 2013. He lately won a harsh preparation combat with neighbor and Led Zeppelin guitarist Jimmy Page over strategy to fix it up.
He also owns a mansion in Wiltshire that he bought for £8million and another home in Beverly Hills for £2.25million with its own football playing field.
A tax refund of £37,104 and £14,694,202 cash is included in his company's luck. Liabilities were planned at £9,188 and liquidatoroperating cost at £6,435.
He might give millions in business tax but may meet the criteria for Entrepreneurs' Tax Relief at a 10% rate. But Robbie is also likely to have to pay individual tax on the cash.
