Kitchen nightmare as Gordon's profits drop by 90 per cent

Kitchen nightmare as Gordon's profits drop by 90 per cent

The company accounts of celeb chef Gordon Ramsay revealed a particularly difficult year for his restaurant empire. Profits fell by almost 90 per cent – from just over £3 million to £383,325.

Gordon, currently on a promotional trip to Sydney, had to use millions of pounds of his own money to keep his businesses, Gordon Ramsay Holdings, going under.

By using money from his TV work and book sales – estimated at £10 million – he avoided the company going into administration. 

The situation developed after a period of expansion in 2007 and 2008, during which he opened ten restaurants in as many months.

Photo: ę Getty Images

Friday July 3, 2009

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