This Morning star rakes in £6m just two years after their company goes bust owing staff and creditors £5m
GINO D’Acampo has seen his fortune rise to £6M – just months after his pasta chain was finally wound up owing £5 million to staff and trade creditors.
The celebrity chef has enjoyed a huge amount of personal success in recent years after My Pasta Bar went bust in November 2021.
Since that business – which had branches across London – went under, profits from Gino‘s main firm have doubled.
Parent company, Gino D’Acampo Holding Ltd, posting record accumulated profits of £4,893,220 upto April this year – it was £2.55M in profit in 2021.
The TV star also owns his own talent firm MeMs agency – which also represents him – showing that it was £408,197 in profit in 2024.
The 47-year-old’s other firm Gino D’Acampo Ltd last accounts also revealed accumulated profits of £417,097.
Gino and wife Jessica control all three firms and the total profit for all three is £5,718,514.
While this is great news for Gino, it’s harder luck for those who were hit in the pocket by his debt-ridden pasta chain.
It was finally dissolved in March owing £4.8M to trade creditors, £113,975 to HMRC and £53,304 to employees, in total, there were 49 creditors which weren’t paid.
It’s not the only Gino-related business which has gone bust in recent years.
Liquidators last year launched an investigation to look into the conduct of major stakeholders and why company books had gone missing at IRG (Old) WWR Ltd – formerly known as Gino D’Acampo Worldwide Restaurants Ltd.
Investigations looked into why a creditor, Gino D’Acampo Ltd, was owed nearly £5.4m from the company.
In April 2022, the company, owned by Gino and Jessica, declared itself solvent and two directors signed a declaration stating that it had no creditors.
The company’s major shareholders were Gino, who owned 10 per cent, and Individual Restaurants Group Ltd, which acquired a 75 per cent stake in 2019 for an undisclosed sum.
Individual Restaurants Group Ltd is owned by Iceland founder Malcolm Walker and its CEO Tarsem Dhaliwal, the supermarket where Gino once had a food range.
Gino quit his show with Gordon Ramsay and Fred Sirieix after he was caught with cannabis by Border Force sniffer dogs.
A resurfaced clip from 2020 also showed the star taking drugs on camera while filming Gordon, Gino and Fred’s American Road Trip.