Patrick Foster and Dominic Walsh
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Gordon Ramsay will be dealt another blow to his reputation tomorrow when he is omitted from the latest edition of The Sunday Times Rich List.
Ramsay, who was rated as having a fortune of £50 million last year, has been struck off the register of the nation’s richest residents.
The chef has suffered an annus horribilis that has included allegations of adultery, revelations that some of his venues serve ready-meals, and his flagship restaurant falling out of the list of the world’s top 100 eateries. To rub salt in his wounds, his rival Jamie Oliver is thought to have become the wealthiest celebrity chef, with a fortune estimated at £40 million.
The Rich List’s compilers are said to have omitted a number of other figures from the list over fears about the sustainability of their businesses.
In March Gordon Ramsay Holdings was forced to renegotiate a multimillion-pound loan after breaching banking covenants.
The chef’s company was fined £1,500 for filing its accounts eight months late. The documents showed that Royal Bank of Scotland provided Ramsay’s company, which acts for 11 of the chef’s restaurants, with a loan facility of £10.5 million, secured against its present and future assets. The accounts stated: “The group has breached some of the financial covenants within the facility and therefore the group has commenced renewal negotiations with the bank.”
Ramsay’s father-in-law, Chris Hutcheson, who runs the chef’s businesses, is no stranger to money troubles. Court documents show that on April 30, 1993, Mr Hutcheson was declared bankrupt after being pursued by creditors.
The chef has been beset by a series of negative stories. In November the News of the World published allegations that he had a seven-year affair which included hotel sessions fuelled by legal sex drugs.
Last week it emerged that three of the chef’s gastropubs, as well as Foxtrot Oscar, one of his restaurants, served some food that was pre-prepared in a kitchen across London.
A spokeswoman admitted: “Gordon Ramsay Holdings operate a kitchen facility in Wandsworth called GR Logistics. Here Gordon Ramsay chefs prepare components of dishes devised and produced to the highest Gordon Ramsay standards.
“This is only for the supply of Foxtrot Oscar and the three pubs and allows each establishment to control the consistency and the quality of the food served. GR Logistics also supply a number of other restaurants outside the group with prepared components.”
On Monday he suffered fresh ignominy when his three-star Michelin restaurant, Restaurant Gordon Ramsay, on Royal Hospital Road, West London, was removed from the top 100 list of the 2009 San Pellegrino world restaurant awards.
Last night a spokeswoman for the chef said that his restaurants received 18,000 bookings a month, and that he was set to earn more than $10 million (£6.8 million) in the US this year alone.
She said: “Gordon is totally relaxed and unconcerned about such unscientific league tables and is perfectly happy that his businesses in all areas are doing very well and showing better performances everywhere year on year and that his customers love his restaurants.”
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