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Anyone fancy setting up some crowd Surfing for our Michelle? MICHELLE Mone’s bra firm MJM International have plunged almost £300,000 into the red. Papers filed with Companies House show funds available to shareholders have collapsed from £493,382 in February 2013, to minus £287,168 at the end of December. The accounts also reveal that Mone had to pump some of her own cash into MJM – famous for the Ultimo bra brand – in the form of a £40,915 loan. And the f irm are also facing “unknown costs” in relation to a legal case involving a former employee. Mone, 42, insists the figures have no bearing on the Ultimo brand as MJM have ceased trading and been consumed by her new firm Ultimo Brands International. She said: “Ultimo now operates under the trading name Ultimo Brands International. “The company’s balance sheet is in a strong position and the business is on target to return to profitability next year. “I am incredibly excited about the future of Ultimo.” Accounts for Ultimo Brands – of whom Mone owns 49 per cent – show the firm have £3.3million of shareholder funds. The new company are 51 per cent owned by Sri Lanka-based Mas Holdings. They provided Mone with a cash injection to save Ultimo after the business hit the rocks in the wake of her split from former husband Michael.