Kate Moss’ agency has lost £1.8M in a YEAR as the company reports its first ever loss after the star set it up because she was ‘sick of paying huge commission to agents’

Kate Moss' agency has lost a staggering £1.8million in a year as the company reports its first ever loss in 12 years. The model agency, which represents Kate, 52, and her daughter Lila, 23, among others, was set up because the supermodel was 'sick of paying huge commission to agents'. Now newly published accounts for the Kate Moss Agency, which she founded in 2014, disclose a seven-figure downturn in its fortunes. Its bottom line shrunk by £1.8million over the year to last July. Retained earnings fell to £3.3million from £5.1million – the equivalent of a £35,000-per-week loss. The net worth of the business, which peaked at £5.1million in…