Jesse Lingard's clothing brand JLingz lost more than £200,000 in its first year.
Manchester United and England star Lingard launched the brand in the summer of 2018, with the help of Marcus Rashford, Paul Pogba and Raheem Sterling.
JLingz, has a logo based on the midfielder's goal celebration, and sells a range of clothes and accessories from t-shirts to hats.
The first set of accounts for the company, of which Lingard is one of three directors, had a loss of £211,688, due to the amount it owes creditors.
The Manchester Evening News reports the business had only been selling products for the second half of the year the accounts relate to, up to January this year.
It was reported earlier this year that boss Ole Gunnar Solskjaer had warned Lingard and teammate Rashford to focus on football - rather than fashion.
Last season, Gary Neville criticised Lingard for launching a line of clothing ahead of the defeat to Liverpool at Anfield.
"I've got no problem with him launching a clothes range to be honest with you, but before Liverpool away, the biggest match of the season, don't launch a clothes brand," Neville said on Sky Sports.
"Not this week. Do it before Fulham , do it before Fulham. I'm not having a go at him for his character because players should obviously have other careers, they should do other things, but I just saw that little thing this week and I thought, 'not this week. Not this week. It's Liverpool.'
"Concentrate on Liverpool, no distractions, no disruptions."
The 26-year-old came on as a substitute in the victory over Norwich on Sunday, which saw United climb to seventh in the Premier League.
Mirror Sport has contacted representatives of the company for comment.
