Unpaid Debts Catch Up With Gordon Ramsay

Fri, 27 Nov 2009

Celebrity chef Gordon Ramsay has been told he could lose two of his prestigious UK restaurants because of outstanding tax debts .

Ramsay’s company appeared in the High Court yesterday after HM Revenue and Customs (HMRC) applied for winding-up petitions against four of its businesses; Maze in Mayfair, Plane Food at Heathrow Airport, The Narrow in Limehouse and The Restaurant Gordon Ramsay in Chelsea .

Petitions against the latter two were dismissed at the hearing, but the judge handed Ramsey, who was not present, a two-week reprieve to pay debts on his Plane Food restaurant while he waited for a cheque to clear, and 63 days to settle undisclosed payments on his Maze restaurant.

A statement, from Ramsey’s management said: "In the summer Gordon Ramsay Holdings announced a restructuring of the businesses’ finances following short-term cash-flow problems."

"The company announced it was repaying debts, but it would be a process that would take several months. In the High Court the judge accepted this was the position and dismissed two of the petitions on the basis the debts had been cleared."

"She also gave GRH further time to settle the other two debts . In one case a cheque is waiting to clear and in the other we are in the process of settling the account over the next few weeks."

2009 has been a turbulent year for the 43-year-old TV chef. In July it was announced profits from Ramsay's UK restaurants fell by a massive 90 per cent and in October he was forced to cancel his chef scholarship scheme.
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