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Article: GORDON RAMSAY REVEALS HIS YEAR OF HELL ; PROFITS FELL BY 87 PER CENT AND CHEF HAD TO PLOUGH IN Pounds 5M TO SAVE EMPIRE
- Article from:
- The Evening Standard (London, England)
- Article date:
- July 2, 2009
- Author:
CopyrightCopyright 2009 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
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PROFITS at Gordon Ramsay's London restaurant empire collapsed by
almost 90 per cent in his most "turbulent" year since starting in
business.
The celebrity chef 's latest accounts reveal just how close it
came to running out of money last year because of overhasty
expansion, forcing him to plough millions of pounds of his own cash
into his company.
The documents, filed at Companies House today, show that in
Ramsay's financial "annus horribilis": Profits at his London
restaurants fell 87 per cent from Pounds 3.05 million to just Pounds
383,325.
Turnover dropped 14 per cent from Pounds 41.59million to Pounds
35.57million. Four of his London restaurants closed between December
2007 and this ...