Kate Garraway’s TV firm, Praespero 100 Ltd, has filed huge losses for the year up to November 30, 2023, after posting a profit for the previous 12 months
The TV firm owned by Kate Garraway has racked up dates of £165,000, according to latest documents.
The new reports come after three other firms the presenter held with her late husband Derek Draper ran up debts of £2million. New details show Kate’s Praespero 100 Ltd has gone from making a profit to the large sum owed in the last 12 months.
Recently filed accounts on Companies House showed the company being £165,011 in debt up to November 30, 2023. For the financial year previously, the company’s reports had them holding a profit of £36,88. The company is also said to owe £128,731 to creditors.
Kate’s representatives declined to comment on the reports.
The news comes after Kate opened up about her struggles regarding Derek’s treatment after contracting Covid-19.
The 57-year-old admitted she had fallen into debt after forking out £16,000 a month for Derek to get the help and support he needed. Her late husband needed around-the-clock treatment following his heart attack and relied on Kate for much of his care.
Speaking before his 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, it was reported she had been hit with a £150,000 bill as a result of closing her late husband’s business, Asta Aspera. Kate was also said to have been told to pay £32,000 flat fee on top of 40 per cent of assets recovered from the psychotherapeutic business, according to The Sun at the time. Derek’s firm was shut down with £184,096.96 of debt.
And she was also said to be facing a £112,836 bill from a director’s loan taken out by Derek, who passed away in January. Kate reportedly called in financial help from specialists. A source close to the star told the Mirror in May that she has engaged London financial experts Hacker Young to handle discussions with HMRC. They said: “Kate has made no secret of her financial issues which include Derek’s medical care bills and the collapse of his company. She is now getting the help she needs to help with the tax bill.”
Derek died at the start of this year following his lengthy battle with Covid. Hacker Young is a company who specialises in organisations and individuals who need help with “tax investigations and litigation support”.
In 2012, two other firms that had been jointly controlled by Derek and Kate folded. Fulfill Media Ltd and Countrymouse Media Ltd both owed money and went bust.
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