Latest news with #DerekDraper
Daily Mail
01-08-2025
- Entertainment
- Daily Mail
Kate Garraway puts on a brave face and heads out in a quirky outfit after being forced to sell £2 million home to pay off debt
Kate Garraway put on a quirky display as she headed out in London on Friday after she was forced to put her £2 million home up for sale. The TV presenter, 58, who was left in £800,000 debt after caring for her late husband Derek Draper, was in high spirits despite the sale. Walking through the capital, she wore a colourful boho skirt, which she teamed with a fitted T-shirt. Kate layered over a matching beige cardigan, wore a crossbody bag and pulled a suitcase behind her. To complete her outfit, she added a pair of tan sandals, styled her hair straight and opted for minimal makeup. Kate been forced to sell her second home after Derek fought a brave four-year battle against Covid before tragically passing away in January last year. She is also battling company debts after Derek's psychotherapy firm Astra Aspera Ltd went bust owing hundreds of thousands to creditors including a huge sum to HMRC with Kate currently trying to pay back some of the debt. Now the Good Morning Britain star is flogging a stunning three-bed, four-storey townhouse in Islington, north London, which the couple bought for £550,000 in 2004. The property had been up for rent for £6,750-a-month, but is now in the process of being sold, confirmed by the Land Registry Office, and should fetch around £2 million. In January last year, the Mail on Sunday reported that Kate was faced with having to sell her five-bedroom family home in Muswell Hill, but by selling her second home, this appears to have been avoided. Daily Mail have contacted Kate's representatives for comment. One source said at the time: 'It is so sad for Kate. Not only has she had to watch her beloved husband suffer for almost four years but her financial worries have never been far away from her thoughts. 'It has cost hundreds of thousands of pounds to look after Derek and do everything she could to get him better but it's left her struggling. 'The house is about all she has left financially and she is now facing up to the fact it might have to be sold.' According to the rental listing for her Islington pad, it has a roof terrace and private garden. 'This beautifully presented 3-bedroom terraced house offers a perfect blend of modern living and period charm. Spread across four spacious floors, this property is ideal for those seeking comfort, style, and convenience. 'The ground floor features a welcoming living area with original features and ample space for relaxing or entertaining. The fully fitted kitchen is stylish and functional, leading directly to a private garden, perfect for outdoor dining or enjoying the fresh air. 'On the first and second floors, you'll find well-sized bedrooms, each offering plenty of natural light and built-in storage. The top floor boasts a stunning roof terrace with panoramic views across London, making it the perfect spot to unwind or entertain guests,' states the blurb. An identical property on the same street sold for £1.865M in June last year. The most recent liquidator's report for Astra Aspera Ltd shows that Kate has been trying to repay some of the debt she owes - and HMRCS have dramatically decreased their tax demand. The directors' loan account was overdrawn by £139,849, but the liquidator, Greenfield Recovery, hired solicitors, The Wilkes Partnership, 'to assist in the recovery… and the sum of £21,000 has been received in this report period'. According to the latest liquidator's report, HMRC has submitted a new preferential claim of £288,054. This is a third of its previous submission of £716,822. It's not known why the HMRC has dropped its demand. There are also creditor claims of £196,548 from four other firms including a £50,000 bank loan. It looks like there'll be no pay out for creditors. In 2012, two other companies jointly controlled by Kate and Derek were wound up by creditors. Fulfill Media Ltd had debts totalling £922,807, which included £88,486 owed to HMRC, £90,882 to trade creditors, and £462,808 in 'third party loans'. Countrymouse Media Ltd was liquidated owing £189,121, which included £98,944 to the taxman and £48,000 on an overdrawn directors loan account.
Glasgow Times
31-07-2025
- Business
- Glasgow Times
Kate Garraway sells investment flat to pay off debt
In 2024, Garraway revealed she was spending £16,000 a month on care for her husband Derek Draper before he died in January that year at the age of 56 after a lengthy battle with the long-term effects of Covid. The Good Morning Britain (GMB) presenter said the cost of his basic care exceeded her ITV salary and did not factor in his therapies, the mortgage payments or other household expenses. Garraway's second property is located in North London and sold for £1.5 million, according to The Sun. However, due to the flat being 'heavily mortgaged' what she'll get from it will cover little of her debt, the newspaper suggests. The 58-year-old is said to have bought the flat as an investment but she was reportedly forced to sell it. An insider reportedly told The Sun: 'Kate takes paying off the debts very seriously and she's always said she'd go to any lengths to achieve that. 'This is just part of that commitment, even if it does mean she's had to lose the flat which she actually purchased years ago before meeting Derek and before they bought a family home together. 'Like many people, she was keeping it as a financial safety net which she thought she wouldn't have to use so soon.' Recommended reading: Garraway told ITV's GMB in 2024: 'I am ashamed of the fact I'm in debt. I have an incredible job that I love that's very well paid. 'I'm not a carer travelling miles, paying their own transport to go and help somebody for minimum wage. 'I'm somebody that is very well paid and so I just feel a shame that I couldn't make it work.' Newsquest has approached Kate Garraway's representatives for comment.
Daily Mail
31-07-2025
- Business
- Daily Mail
Kate Garraway forced to sell £2 million home after racking up £800k debt caring for her late husband Derek Draper
Kate Garraway has been forced to sell her second home after being left in £800,000 debt due to caring for her late husband Derek Draper. The TV presenter, 58, was left the mammoth bill after Derek fought a brave four-year battle against Covid before tragically passing away in January last year. She is also battling company debts after Derek's psychotherapy firm Astra Aspera Ltd went bust owing hundreds of thousands to creditors including a huge sum to HMRC with Kate currently trying to pay back some of the debt. Now the Good Morning Britain star is flogging a stunning three-bed, four-storey townhouse in Islington, north London, which the couple bought for £550,000 in 2004. The property had been up for rent for £6,750-a-month, but is now in the process of being sold, confirmed by the Land Registry Office, and should fetch around £2 million. In January last year, the Mail on Sunday reported that Kate was faced with having to sell her five-bedroom family home in Muswell Hill, but by selling her second home, this appears to have been avoided. Daily Mail have contacted Kate's representatives for comment. One source said at the time: 'It is so sad for Kate. Not only has she had to watch her beloved husband suffer for almost four years but her financial worries have never been far away from her thoughts. 'It has cost hundreds of thousands of pounds to look after Derek and do everything she could to get him better but it's left her struggling. 'The house is about all she has left financially and she is now facing up to the fact it might have to be sold.' According to the rental listing for her Islington pad, it has a roof terrace and private garden. 'This beautifully presented 3-bedroom terraced house offers a perfect blend of modern living and period charm. Spread across four spacious floors, this property is ideal for those seeking comfort, style, and convenience. 'The ground floor features a welcoming living area with original features and ample space for relaxing or entertaining. The fully fitted kitchen is stylish and functional, leading directly to a private garden, perfect for outdoor dining or enjoying the fresh air. 'On the first and second floors, you'll find well-sized bedrooms, each offering plenty of natural light and built-in storage. The top floor boasts a stunning roof terrace with panoramic views across London, making it the perfect spot to unwind or entertain guests,' states the blurb. An identical property on the same street sold for £1.865M in June last year. The most recent liquidator's report for Astra Aspera Ltd shows that Kate has been trying to repay some of the debt she owes - and HMRCS have dramatically decreased their tax demand. The directors' loan account was overdrawn by £139,849, but the liquidator, Greenfield Recovery, hired solicitors, The Wilkes Partnership, 'to assist in the recovery… and the sum of £21,000 has been received in this report period'. According to the latest liquidator's report, HMRC has submitted a new preferential claim of £288,054. This is a third of its previous submission of £716,822. It's not known why the HMRC has dropped its demand. There are also creditor claims of £196,548 from four other firms including a £50,000 bank loan. It looks like there'll be no pay out for creditors. In 2012, two other companies jointly controlled by Kate and Derek were wound up by creditors. Fulfill Media Ltd had debts totalling £922,807, which included £88,486 owed to HMRC, £90,882 to trade creditors, and £462,808 in 'third party loans'. Countrymouse Media Ltd was liquidated owing £189,121, which included £98,944 to the taxman and £48,000 on an overdrawn directors loan account. Derek and Kate were both personally owed £24k each by the business.
The Sun
31-07-2025
- Business
- The Sun
Kate Garraway suffers another blow as she's forced to sell her flat amid devastating £800,000 debt battle
TV presenter Kate Garraway has been forced to sell off the flat she was saving as a nest egg for old age to pay off debts accrued when her late husband Derek Draper was ill. Although the pad in North London recently sold for £1.5m it was already heavily mortgaged and what's left over will barely touch the sides of the huge sum she still owes. Good Morning Britain host Kate, 58, wanted the property to be a long-term investment that she could turn to over the coming decade but had no choice but to sell it. An insider said: "Kate takes paying off the debts very seriously and she's always said she'd go to any lengths to achieve that. "This is just part of that commitment, even if it does mean she's had to lose the flat which she actually purchased years ago before meeting Derek and before they bought a family home together. "Like many people, she was keeping it as a financial safety net which she thought she wouldn't have to use so soon." Derek died last year - aged just 56 - after being crippled by an extreme case of long Covid after he caught the disease in March 2020. She says she already had debts of between £600,000 and £800,000 as a result of caring for Derek. Kate claimed that the £16,000 monthly cost of her late husband's care was more than her salary from ITV. Then in May a recent liquidator's report highlighted the significant tax liabilities still outstanding from Derek's defunct psychotherapeutic company, Astra Aspera. The latest claim demand from the taxman resulting from the business was just over £288,000. At the time a spokesman for Kate said: 'Caring for Derek and supporting her family when Derek could no longer run his own businesses has taken a huge financial toll on her but she's determined to put things right. "She is in constant contact with HMRC to make sure she honours what's required from Derek's now-defunct company.'
Daily Mail
15-07-2025
- Business
- Daily Mail
EXCLUSIVE Relief for Kate Garraway amid money woes as it is revealed she will keep her job on Good Morning Britain despite 'savage' ITV cutbacks
When ITV announced that there were to be cuts on its breakfast programme Good Morning Britain, there were fears for Kate Garraway 's future there. Already struggling financially, it would have been a disaster for her if she had been axed as she and her co-stars were left fighting for their jobs. But MailOnline can reveal that much-loved Kate will keep her job amid the cuts following GMB 's merger with ITV News. Sources at the channel say that she and her colleagues will keep their jobs - with the behind the scenes staff facing the cuts instead. Kate, 58, is said to be in up to £800,000 worth of debt, forcing her to beg her bank for help. She was also left 'shocked' by a £280,000 tax bill last month from her late husband Derek Draper's defunct psychotherapeutic company. An ITV source said: 'There will be a bit of moving people around but all of the roster will stay. Kate, 58, is said to be in up to £800,000 worth of debt, forcing her to beg her bank for help. She was also left 'shocked' by a £280,000 tax bill last month from her late husband Derek Draper's (pictured) defunct psychotherapeutic company 'Kate is loved by the audience and her job is now safe. It could have been devastating for her if she was to go in the cuts but actually most of the savings will be made by not doubling up on coverage and there will, sadly, be lots of staff going from behind the scenes. 'It will be such a relief for Kate, she has had a horrid time and money is an issue for her.' Meanwhile, MailOnline can also reveal that Lorraine Kelly, 65, will also be staying at ITV despite her shows being cut down from an hour to 30 minutes. From January 2026, Good Morning Britain (GMB) will be extended by half an hour to fill the gap, running from 06:00 to 09.30 daily. Lorraine, which currently runs for almost the entire year, will also only air for 30 weeks out of 52. Sources said she was 'fuming' at the cuts, especially as she was once so powerful at ITV. In May, bosses announced a major shakeup to their offering of shows, with GMB, Lorraine and This Morning booted from their existing studios next year. Lorraine and Loose Women face the brunt of the cuts, with GMB's programme to be merged with ITN, who produce ITV News. The controversial decision to axe their US office in a bid to lower costs amid a slew of cuts to ITV daytime. Loose Women will remain in its current slot - 12:30 to 13:30 daily - but again, will be cut to 30 weeks of the year. This Morning, hosted by Cat Deeley and Ben Shephard, is to remain in its 10:00 - 12:30 slot on weekdays across the year. Susanna Reid, 54, who has hosted Good Morning Britain since its launch in 2014, will remain one of the show's main presenters. Sources say Richard Madeley, 69, and Ed Balls, 58, will stay hosting alongside the former BBC Breakfast host, whilst Charlotte Hawkins, 50, will also stay along with Ranvir Singh, 47. However, it's understood there will be limited shows for Adil Ray, 51. Reports suggest ITV's daytime staff currently amount to about 450 employees in total, however up to 220 jobs are said to be at risk. Kate was left with huge amounts of debt from caring for her husband of 18 years, Derek, who died aged 56 in January 2024 following a four-year battle with long Covid. In January, she said she was facing 'excessive, unpayable debt' as she clashed with Health Secretary Wes Streeting. The broadcaster revealed the £16,000 monthly cost of her late husband's care was more than her salary from ITV and had resulted in her racking up huge debts. She said at the time: 'I am ashamed of the fact I'm in debt. I have an incredible job that I love, that's very well paid. 'I'm not a carer travelling miles, paying their own transport to go and help somebody for minimum wage. 'I'm somebody that is very well paid and so I just feel a shame that I couldn't make it work.'
