Gino D’Acampo has reportedly been left with a whopping £5million bill after his pasta chain went bust.
The 47-year-old TV star’s My Pasta Bar business was put into liquidation in 2022, leaving trade creditors owed £4.8m, HMRC £113,975 and staff £53,304, according to the Mirror.
The chain, which started in 2013, had branches in Fleet Street, Leadenhall Market and Bishopsgate but the money made from selling off the business wasn’t enough to pay everyone back.
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In 2020, Gino got help from Sir Malcolm Walker, the founder of Iceland, and senior executive Tarsem Dhaliwal. Despite earning an estimated £2million a year, Gino said in January 2022 that Covid forced him to close the small chain.
(Image: Ken McKay/ITV/REX/Shutterstock)
He said: “The Pasta Bar business has got nothing to do with any other business that I do. It’s a standalone business going into liquidation. Sometimes you win and sometimes you lose.” In a final account to creditors and members, the company said: “Overall, I can confirm that the realisations in the liquidation are insufficient to declare a dividend to the unsecured creditors after defraying the expenses of the proceedings..”
(Image: ITV)
It comes two years after Gino’s My Pasta Bar chain went under when it lost hundreds of thousands year on year until it reached breaking point. Last year liquidators probed the firm over alleged missing company books and the conduct of its major stakeholders after the chain of Italian restaurants went bust with £5million in debts. The business was wound up this week and previous reports said 49 creditors were not paid. His publicist and agent declined to comment.
(Image: Ken McKay/ITV/REX/Shutterstock)
Since 2009, D’Acampo has been a regular chef on the ITV show This Morning. He has presented various cookery programmes including There’s No Taste Like Home, Let’s Do Lunch and Gino’s Italian Escape. In June 2020, it was announced that he would be the presenter of the new revival series of Family Fortunes on ITV, 18 years after the last series. He also was crowned the king of the jungle on ITV’s I’m A Celebrity… Get Me Out of Here! in 2009.
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Source: Celebrities - dailystar.co.uk
