Assets written down from £13m to £3m

The value of assets held by Russell Brand's UK company has plummeted as the comedian prepares to wind it down.

Documents newly filed at Companies House show that Pablo Diablo's Legitimate Business Firm Limited was sitting on assets of £3.3million at the end of last year, down from £12.7million 12 months previously.

The difference is largely down to £7.4million which Brand owed the company in 2024 – which was therefore counted as an asset – which has now been wiped out. Because the company is being wound down, assets are adjusted to reflect their ‘net realisable values’.

The accounts have been made publicly available just as Brand’s new book – How to Become a Christian In Seven Days (May Take 50 Years of Sin and Serious F*ck-Ups To Get Started) – has been published by a new company  set up by conservative political commentator Tucker Carlson, who in 2024 reported being mauled by a demon while he was in bed, leaving him bleeding. 

Brand’s book was slated by reviewers, with The Independent saying: ‘It is criminally painful to read and it is not a victimless crime. The poor fool of a reader suffers, but the victim I feel most sorry for is God.’ And musician Nick Cave declared it ‘good for atheism’.

In October, Brand will go to court to face three counts of rape, three charges of sexual assault, and one allegation of indecent assault,  dating from 1999 to 2009. The 50-year-old denies all the charges.

Pablo Diablo also has £500,000 in loans owed to the comedian-turned-commentator’s US company, New Color Productions Inc.

The paperwork, signed off by Brand as the company’s sole director, says: ‘On 31 December 2025, the director commenced plans to wind up the company. Consequently, the director has not prepared the financial statements on a going concern basis with adjustments recognised to reflect the remaining assets and liabilities at their net realisable values.

Published: 29 May 2026