Latest news with #DerekDraper
Daily Mail
23-05-2025
- Business
- Daily Mail
Kate Garraway looks delighted as she bumps into Amanda Holden outside their radio station office in London
Kate Garraway and Amanda Holden looked delighted as they ran into each other outside the Global offices in London on Friday. The pair stopped to embrace in public as they enjoyed a brief catchup amid their respective busy schedules. Kate, 58, is the host of Smooth Radio's Mid Mornings and bumped into Amanda, 54, who was leaving the studio after co-hosting the Heart Breakfast Show. The GMB presenter looked effortlessly stylish in a denim jumpsuit which she wore with a pair of trainers. Meanwhile, Amanda was glammed up in a leather look burgundy dress and white high heels. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the Daily Mail's new Showbiz newsletter to stay in the loop. The meeting comes after it was revealed that Kate was faced with a staggering £280,000 tax bill from her late husband Derek Draper's company. The presenter has openly discussed how she has been left with debts between £500,000 and £800,000 after caring for Derek. The political lobbyist died at the age of 56 in January 2024 following a four-year battle with long Covid, with Kate paying £16,000 a month on his care. Now, a new liquidator's report has revealed the large tax costs that are yet to be paid by Derek's now-defunct psychotherapeutic company Astra Aspera. The company, which was jointly controlled by Kate, went bust owing hundreds of thousands of pounds to creditors, including a large bill to HMRC. Filings on Companies House have revealed how Kate has been trying to pay off the debt, with HMRC now submitting a lower revised total in a small boost. HMRC's latest preferential claim stands at £288,054, which is around a third of its previous 2023 submission of £716,822, according to the documents. It is not known why HMRC dropped the payment, and the filing has claimed there are also 'insufficient funds to pay a dividend to secondary preferential creditors'. Meanwhile, Amanda was glammed up in a leather look burgundy dress and white high heels But despite her ongoing financial woes, Kate looked relatively carefree outside her place of work on Friday. According to The Sun, Kate has so far paid back £21,000. Addressing the filing, Kate's spokesperson told MailOnline the 'shocked' TV star 'doesn't recognise these figures' and is in contact with HMRC to make sure she 'honours what is required'. Their statement read: 'Kate has met all that the liquidators of Derek's company have asked for and more over the past four years. 'She doesn't recognise these figures and is shocked that it's being presented in this way by them. '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.'
Daily Mail
22-05-2025
- Business
- Daily Mail
Kate Garraway's huge career move revealed after 15 years of financial woes and now a 'shock' £288,000 tax bill after husband Derek Draper's death
Kate Garraway has been busy juggling a hectic work schedule, as the true extent of her debts are revealed. The presenter, 58, has openly discussed how she has been left with debts between £500,000 and £800,000 after caring for her late husband Derek Draper, who died at the age of 56 in January 2024 following a four-year battle with long Covid. As well as tackling debts releated to the £16,000 a month costs for his care, a new liquidator's report has revealed the large tax costs that are yet to be paid by Derek's now-defunct psychotherapeutic company Astra Aspera. The company, which was jointly controlled by Kate, went bust owing hundreds of thousands of pounds to creditors, including a large bill to HMRC. Kate has been busy promoting her various work projects as her debts loom over her but it's not the first time the broadcaster has had to deal with financial woes. In 2012, two other firms jointly controlled by Derek and Kate went bust. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new Showbiz newsletter to stay in the loop. 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'. At the same time, 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 £24,000 each by the business. In January 2024, it was reported that Kate may have to sell the home to repay her current debts with one source saying: '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.' But hard-working Kate has been on a self-promotion blitz amid her latest financial woes. Alongside her regular GMB work, the star plugged her Smooth Radio show this week, revealing she was 'chuffed' that the lunchtime show now reached 2.8million listeners. She has also been teasing her signing in perhaps one of the most anticipated TV shows of year - Celebrity Traitors. Along with the likes of Stephen Fry, Alan Carr and Jonathan Ross Kate headed to Scotland a few weeks ago to film the spin off of the smash hit BBC series. Meanwhile, in February she was announced as the host of a new Duabi-set podcast and YouTube series - DXB Unheard. Each of the eight episodes, which are released weekly, feature interviews with Emiratis and Dubai residents 'who have left an indelible mark on the city.' She filmed the series last year and has admitted that she found it 'interesting' to learn about how people lived their lives at a time when she was contemplating her future plans. Kate previously revealed that Derek's £16,000-a-month care costs eclipsed her GMB salary, admitting in a 2023 interview that she couldn't even afford to have the heating on in October. Speaking before her husband's death, Kate said: 'Derek's care costs more than my salary from ITV and that is before you pay for a mortgage, before you pay any household bills, before you pay for anything for the kids, so we are at a crunch point. 'I am in debt. I can't earn enough money to cover my debt because I am managing Derek's care and I can't even use the money I do have to support Derek's recovery, because it's going on the basics all the time.' In May last year, Kate candidly revealed she's resorted to withdrawing money from her pension pot to pay the huge bills during a discussion about the NHS and private care on GMB. Sharing the results of a survey that revealed one in five Brits are getting themselves into debt while funding private medical care, she admitted: 'I am doing something similar myself. 'I have had to withdraw the bit you can tax free from my pension to pay for belated bills for my husband, who has now passed away. 'People are having to do things - it wasn't a huge pension in the first place - which aren't what they saved for.' Addressing the latest HMRC filing, Kate's spokesperson told MailOnline on Wednesday that the 'shocked' TV star 'doesn't recognise these figures' and is in contact with HMRC to make sure she 'honours what is required'. Their statement read: 'Kate has met all that the liquidators of Derek's company have asked for and more over the past four years. 'She doesn't recognise these figures and is shocked that it's being presented in this way by them. '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
21-05-2025
- Business
- Daily Mail
Kate Garraway's 'shock' amid £800,000 debt battle as she faces £288,000 tax bill after husband Derek Draper's death and care costs
Kate Garraway has been left 'shocked' after her latest financial woes have been revealed amid her debt struggles following her husband Derek Draper's death. The presenter, 58, has openly discussed how she has been left with debts between £500,000 and £800,000 after caring for her late husband. Political lobbyist Derek died at the age of 56 in January 2024 following a four-year battle with long Covid, with Kate paying £16,000 a month on his care. Now, a new liquidator's report has revealed the large tax costs that are yet to be paid by Derek's now-defunct psychotherapeutic company Astra Aspera. The company, which was jointly controlled by Kate, went bust owing hundreds of thousands of pounds to creditors, including a large bill to HMRC. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new Showbiz newsletter to stay in the loop. Filings on Companies House have revealed how Kate has been trying to pay off the debt, with HMRC now submitting a lower revised total in a small boost. HMRC's latest preferential claim stands at £288,054, which is around a third of its previous 2023 submission of £716,822, according to the documents. It is not known why HMRC dropped the payment, and the filing has claimed there are also 'insufficient funds to pay a dividend to secondary preferential creditors'. According to The Sun, Kate has so far paid back £21,000. Addressing the filing, Kate's spokesperson told MailOnline the 'shocked' TV star 'doesn't recognise these figures' and is in contact with HMRC to make sure she 'honours what is required'. Their statement read: 'Kate has met all that the liquidators of Derek's company have asked for and more over the past four years. 'She doesn't recognise these figures and is shocked that it's being presented in this way by them. '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.' Derek battled long Covid for four years before his death and Kate has openly discussed the devastating financial toll of funding his care during that period. When Derek wasn't in hospital, he had to be looked after 24/7 at home by his wife and a team of carers. Derek battled long Covid for four years before his death and Kate has openly discussed the devastating financial toll of funding his care during that period. When Derek wasn't in hospital, he had to be looked after 24/7 at home by his wife and a team of carers. In January, Kate explained how she has been left with 'excessive un-payable debt' as she spoke about dealing with the funding of his care. She shared: 'The family and I have been talking about the challenges we faced this time last year, one of the overriding ones, he went back into intensive care before he passed away was dealing with the funding of care. 'At the time of his death, there were two appeals that hadn't been heard for funding. It kept being pushed back and pushed back. 'In the meantime I'm lucky I have an incredible job which is well paid. I was having to fund the situation. 'Now I've got excessive un-payable debt because of it. If I'm in that position what else are people going to be?' In March 2024, the presenter revealed that she had been spending £16,000 a month on care for her late husband. She told Good Morning Britain: '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.'
The Sun
21-05-2025
- Business
- The Sun
Kate Garraway update on her stressful £800k debt battle and £288k tax bill after husband Derek's death
KATE Garraway has received a much-needed financial boost amid her desperate struggle to repay huge debts. The Good Morning Britain star was faced with the daunting prospect of paying back £800,000 following husband Derek's death from covid-related illness early last year. 4 The cost of caring for Derek during his four-year health nightmare ran into hundreds of thousands of pounds. At the same time, Derek's psychotherapy firm Astra Aspera Ltd - which was jointly controlled by Kate - went bust owing hundreds of thousands to creditors, including a huge sum to HMRC. A new liquidator's report reveals how Kate has been trying to repay debts as well as a more palatable revised total. HMRC has submitted a preferential claim of £288,054, a third of its previous submission of £716,822. It's not known why the HMRC have dramatically dropped their demand. There are also creditor claims of and £196,548 from four other firms including a £50,000 bank loan. However, at this stage, there will be no pay out for any creditor after liquidator fees of £32k and 40 per cent of assets have been realised. So far, Kate has paid back £21,000. Kate and Derek's financial issues go back further than the pandemic. In 2012, two other firms they jointly controlled went bust. 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". 'He was on the up' say heartbroken viewers as they hear Kate Garraway's husband Derek speak weeks before his death At the same time, 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. Last year, it was reported that Kate may have to sell the home to repay the debts with one source saying: "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. "It's where she and Derek were so happy and also where her two children grew up – but bills are bills and they have to be paid. It's dreadful for Kate." 4
