Geri Halliwell and Christian Horner’s property firm is within the purple

Geri Halliwell and her husband Christian Horner‘s property lettings company is in the red, despite the pair being worth a collective £70million.

The Spice Girl, 51, and Red Bull boss, 50, set up their property company, called Estelle Ward, back in 2021.

But the firm, of which both are directors, just filed its second year of accounts – which show it’s in the red by £53,000.

Luckily it’s pocket change for the couple, with Geri worth £33million from pop music and Christian £41million from motor racing.

It’s not all bad in business for the pair though, as their horse-racing firm OMBI Ltd, has been going great guns.

Geri Halliwell and her husband Christian Horner’s property lettings company is in the red, it was revealed on Friday, despite the pair being worth a collective £70million (Pictured in March)

The couple’s horse-racing company OMBI Ltd has been going great guns

A £600,000 spending spree last year saw earnings triple at the business, newly published accounts revealed earlier this week. 

The documents show that the couple forked out £137,000 on biological assets, £280,000 on buildings and £187,000 on motor vehicles to take assets held to just under £1million.

And their investment appears to have paid off, as OMBI made a profit, with retained earnings after bills climbing to £220,000 from £69,000 the year before. 

The company, whose ownership is split evenly between Geri and Christian, lists the nature of its business as ‘activities of racehorse owners’.

The couple own a number of race horses, which they have all renamed with titles from tracks from Geri’s solo career, including Look at Mee, Lift Me Up, Mi Chico Latino and It’s Raining Men.

Lift Me Up is an eight-year-old male, whose real name is Hector, and is one of their most successful horses, bagging his first win at Newbury last year.

He has earned the couple £2,361.18 in prize money for winning a race in front of 70,000 punters, according to the British Horseracing Authority.

He cost a whopping £28,000 and was lined up as a potential Cheltenham Festival hopeful in March, but ended up not taking part.

The Spice Girl, 51, and Red Bull boss, 50, set up their property company, called Estelle Ward, back in 2021 (Pictured in July)

The couple own a number of race horses, which they have all renamed with titles from tracks from Geri’s solo career, including Look at Mee, Lift Me Up, Mi Chico Latino and It’s Raining Men

However, Christian and Geri were spotted watching the gelding compete in a point to point competition that same month, where he came in first place.

In January, Geri revealed that Hope, renamed Look At Mee after the singer’s 1999 hit – had run her first race, coming in fifth place.

All of the couple’s horses run under the ‘GHR’ banner, which stands for Geri Horner Racing.

The profitable year from their company comes following a difficult few months for the couple, who tied the knot in 2015. 

In February, it emerged that Christian had sent inappropriate text messages to a female employee.

Newly published reports revealed that after they undertook a £600,000 spending spree last year, the horse-racing business’ earnings tripled

The profitable year from their company comes following a difficult few months for the couple, who tied the knot in 2015, after it emerged in February that Christian had sent inappropriate text messages to a female employee (pictured in March) 

The woman, in her 40s, went to HR at the Formula 1 team after she received the messages from Christian, often late at night.

She accused him of ‘coercive behaviour’ but an internal inquiry chaired by an unknown KC appointed by Red Bull cleared him. Christian has strongly denied any wrongdoing.

The accuser has been suspended as the saga rages on, sparking fury from campaign groups who claim ‘women just don’t have confidence that their complaints will be investigated properly’.