KATE Garraway has suffered a new financial blow after her media firm reported losses of around £300k last year.
The Good Morning Britain star, 58, firm Praespero 100 Ltd has seen it’s profits plummet in the last 12 months.
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Accounts just filed to Companies House show it owed £288,122 for 2024.
In 2023, the company was £165,011 in deficit and just the year before the company was sitting on £36,888.
The presenter was faced with the daunting prospect of paying back £800,000 following husband Derek’s death from covid-related illness early last year.
The cost of caring for Derek during his four-year health nightmare ran into hundreds of thousands of pounds.
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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.
Kate was hit with a tax bill for £716,000 after closing down the company, and left with £184,096 of debt.
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.”
Last year it was reported that Kate may have to sell the home to repay the debts.
A source said: “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.”
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