The popular Good Morning Britain presenter, who was made an OBE in 2023, is facing new financial worries after her media firm reported losses of almost £300,000 last year
TV presenter Kate Garraway is facing new financial worries after her media firm reported losses of almost £300,000 last year.
Good Morning Britain host Kate, 58, set up Praespero 100 Ltd to handle her media earnings. Accounts just filed to Companies House show it owed £288,122 for 2024. In 2023, it was £165,011 in the red, down from a £36,888 surplus in 2022.
The company is described as being in the business of “radio broadcasting, television programming and broadcasting activities, management consultancy activities other than financial management”.
It is a further blow to Kate, who racked up debts of £800,000 due to the £4,000 a week cost of caring for her husband Derek Draper in the four years he suffered the effects of Covid before his death, in January 2024, aged 56. She was hit with a tax bill for £716,000 after closing down their psychotherapy company Astra Aspera Ltd with £184,096 of debt.
It is understood that she sold a property in London earlier this year to help her pay off the debts. Kate, who has two teenage children, has told how she had to raid her pension fund to pay the bills. London firm Hacker Young is now helping to handle her financial affairs .
In March 2024, Kate spoke about her money worries on GMB. She told her co-hosts Richard Madeley and Susanna Reid : “I am ashamed of the fact that I am in debt… because I have an incredible job that I love, that’s very well paid.”
She once described the care costs for her husband as “excessive” and “unpayable”. She has bravely spoken out about the problems for carers across the UK, saying many might have found themselves in an even worse situation than her own.
She explained: “I’m not a carer, travelling miles, paying their own transport, to go and help somebody for minimum wage.”
Kate was pictured with late husband Derek and her parents Gordon and Marilyn Garraway for one of her proudest moments.
She was made an OBE for her services to broadcasting, journalism and charity.
The investiture ceremony was held at Windsor Castle, on June 28, 2023.