Kate Garraway has been dealt another devastating financial setback as her media company has reported losses of nearly £300,000, compounding the huge debts she has struggled with since the death of her husband, Derek Draper.
The Good Morning Britain presenter, 58, was left with around £800,000 in debt after caring for Derek during his four-year battle with Covid before he tragically passed away in January last year. In a desperate bid to cover the costs, Kate was forced to sell her second home in Islington for around £2 million – a property she and Derek originally bought for £550,000 in 2004.
Newly filed accounts show that her firm, Praespero 100 Ltd, which she set up in 2021 to handle her media earnings, recorded a £288,122 loss in 2024 – worsening from a £165,011 loss in 2023, and a dramatic turnaround from the £36,888 surplus it once enjoyed in 2022.
A source close to the star said it was heartbreaking that Kate has not only endured years of emotional suffering but also continues to be haunted by financial pressures. “It has cost hundreds of thousands to look after Derek and do everything she could to get him better, but it’s left her struggling,” the source explained.
This is not the first time the family has faced financial collapse. Derek’s psychotherapy company, Astra Aspera Ltd, went bust owing hundreds of thousands, with HMRC alone originally demanding £716,822. Although this has now been reduced to £288,054, along with other creditor claims, it has piled further stress on Kate.
She has so far managed to hold on to her family’s main home in Muswell Hill, avoiding another forced sale, but the mounting losses from her business mean her money troubles are far from over.
