financial hell
New heartache for Kate Garraway as she shuts down another company owned with late Derek Draper – with £900k debts
The Good Morning Britain host has spoken openly about her financial struggles since Derek Draper fell ill
BRAVE Kate Garraway is shutting down another company she ran alongside late husband Derek Draper - and it’s got debts of almost £1million.
The Good Morning Britain presenter’s sad financial problems are a result of a horrific few years for the telly favourite who may be forced to sell her home.
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Ex-Labour spin doctor and psychotherapist Derek tragically died from Covid complications in January after a four-year battle at the age of 56.
On paper, he remains a director of their joint business Astra Aspera Ltd, which is currently going through liquidation.
Astra Aspera Ltd owing as much £913,370 - HMRC listed at £716,822 and another £196,548 is to due to four other creditors, which includes a £50,000 bank loan.
Kate has already had two other firms - Countrymouse Media Ltd and Fulfill Media Ltd - wound up by creditors and, in total, all three bust firms owe £2million.
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After Derek’s death, Kate's been left with a £800k bill for his care and, last week, it was revealed that her TV firm Praespero 100 Ltd is in £165,011 in the red, owing £208,002 to creditors.
In January, 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.
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"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."
We revealed Kate's telly company Praespero 100 Ltd is in £165,000 worth of debt.
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Kate has been very open about her money struggles and earlier this year revealed she didn’t receive any help for Derek’s Covid recovery.
She said: "Derek’s needs were clearly so great, yet he didn’t warrant funded care — so you think, 'If he isn’t getting it, then who is?'"
The mum-of-two added: "It’s supposed to be a system that’s meant to catch you if you fall.
"But actually, it feels like it’s trying to catch you out.
"You feel like you’re in the dock answering questions about things that will literally mean life or death to someone you love."
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