Strictly Come Dancing star Nick Knowles, 61, ‘is £15,000 in the red’ after launching lingerie and sex toy company with fiancée Katie Dadzie, 34, one year ago

Nick Knowles is understood to be in the red just 12-months after launching a new business with his fiancée Katie Dadzie. 

The couple have branched into the competitive lingerie and sex toy trade, but the company they set up a year ago is believed to be losing money, reports the Sun. 

Figures show their company, Boa Boa – for which they are listed as company directors and have a 50 percent share – is £15,203 in the red after its first year of trading.

As well as sexy lingerie, the brand also flogs sex toys including vibrators and lubricants.

Their website, which has assets of £34,000 but still have bills to pay, says its undies ‘can make us feel sexy, confident, and playful . . . and we want to help you feel that way!’

Nick Knowles has reportedly started a business venture as him and his fiancée Katie Dadzie has started selling sexy lingerie

But while the DIY SOS star, 61, and Katie, 34, (pictured) appear happy with their latest side they are believed to be losing money according to the Sun.

Katie has turned heads by modelling its lingerie as her fans have continuously showered her with adoration and support. 

After sharing a candid clip of her relaxing on a bed in one of the company’s two-pieces, her followers flocked to her comment box.

It comes after Nick  proved he was a man on a mission as headed to the gym amid his bid to slim down for Strictly Come Dancing. 

He was revealed to be part of the lineup this month and recently informed fans that he’d already lost a stone while trying to get fit for the show. 

His weight loss adds to the 2.5 stone he lost earlier in the year when he shed his lockdown pounds. 

He spoke out about his weight loss on This Morning in June, when Ben Shephard said he didn’t expect Nick to be so agile while rock climbing. 

Laughing, Nick replied: ‘No, I am 61 and you will have noticed, the newspapers, they pointed out, I put on a lot of weight during lockdown. 

‘I have lost about two and a half stone of it, I have got another stone to go.’

It is said that figures show their company, Boa Boa, are £15,203 in the red after the first year of trading. The duo are co-directors of the firm  and both reportedly have a 50 percent share

Katie has turned heads by modelling its lingerie as her fans have continuously showered her with adoration and support

Revealing the reason he  signed up to Strictly, Nick said: ‘I danced in Rio last year doing an Argentine Tango and I thought this is great. My elder sister was a ballroom dancer so I am the least talented person in the family. 

‘I am going to really go for it I will throw myself at it 100 per cent’.

Nick is a television presenter, writer and musician. He is best known for his presenting roles on the BBC, including game shows Who Dares Wins, Break the Safe and 5-Star Family Reunion.

While Nick is being kept busy working out and training for Strictly he has also become a landlord after putting his idyllic Cotswold cottage up for rent for £1,600 a month.

The presenter  moved back into the property around 2017 after giving up 80 percent of his belongings for a simpler life. 

But Nick has made the decision to put his home on the rental market as he marks the next step in his relationship with Katie after their engagement last year.  

The semi detached property features an open plan kitchen/ living area complete with a log burner.

Nick’s love for gardening is clear to see as raised sleepers filled with flowers flank the front driveway while he has his own kitchen garden in the back. 

The garden overlooks stunning views of the Cotswolds countryside. 

Over the years, Nick has shared insights into his Cotswolds life on Instagram. 

Back in 2020, he reflected on giving up his London home to move out to the countryside. 

He wrote: ‘In the Cotswolds deep mid winter.

‘I chose to leave London, my home most of my life, almost three years ago – on days like today I feel blessed to have made that choice. I’m aware I’m very lucky to live here.

‘So many people say they would love to live elsewhere abroad in the winter but I love the winters, the log fires and the hot chocolate with marshmallows… and I’m still joyful as a child every time it snows’. 

Nick was recently seen stopping off at a garden centre with Katie. The couple filled the car with plants, with the presenter seemingly keen to get to work on her garden. 

The presenter previously spoke about why he decided to downsize and get rid of most of his belongings. 

Nick recently put his idyllic Cotswold cottage up for rent for £1,600 a month after moving into Katie’s Berkshire home ahead of his Strictly stint

The DIY SOS presenter, 61, moved back into the property around 2017 after giving up 80% of his belongings for a simpler life

The semi detached property features an open plan kitchen/ living area complete with a log burner

The modest living room has a cosy log burner for the winter months 

The garden overlooks stunning views of the Cotswolds countryside. Nick’s love for gardening is clear to see as raised sleepers in the back

He said on This Morning: ‘I decided to change my life because I woke up one morning and went looking for my watch.

‘I was living in a big house on my own and I went into a room I hadn’t been into for a year and I thought ‘well that’s ridiculous’.’

‘I chucked away 80% of my belongings and moved to a tiny little cottage in the countryside, because I’ve got a little boy and I wanted to make real memories.’ 

He then went onto recall fond memories from his childhood, saying that he remembers the sentimental moments with his family rather than the size of the home he grew up in.

‘My real memories when I was little were things like picking pea-pods in the back garden with my uncle and my dad and going for walks in the woods, it didn’t actually have anything to do with the size of my house.’

Nick has four children – three sons and a daughter. His youngest son Freddie was born in 2014 during his marriage to Jessica Rose Moor. 

Back in 2020, he reflected on giving up his London home to move out to the countryside

Nick has four children – three sons and a daughter. His youngest son Freddie was born in 2014 during his marriage to Jessica Rose Moor (Nick pictured with Freddie, eight) 

Nick and Katie became engaged in New Orleans in August 2023 with the couple announcing the happy news on Instagram.

Katie looked delighted in a series of snaps, which included Nick proposing while down on one knee.

She captioned her post: ‘So last minute something special happened in New Orleans.’

Nick wrote: ‘There was a Haribo ring incident in New Orleans. Very happy.’