Before John Torode’s death, both of his companies had previously declared bankruptcy, owing creditors an incredible £160,00,000.
As John Torode prepares to launch legal action against the BBC, it’s emerged that two of his businesses collapsed in the last decade. The TV chef, 60, was recently fired from the BBC’s MasterChef following complaints he used racist language, which he denies and says he has no recollection of doing so, and has since vowed to take legal action.
Two of his TV production companies have since fallen behind in the last nine years, owing creditors more than £160,000,000. In December 2019, Marcell Ltd., which was given the name of his son from a previous union, wasdissolved.
Three years prior, the business went bankrupt, and it owed £104 219 in debt. Due to incapacity to pay the debts it owes, Marcell was wound up in a voluntary liquidation with creditors.
According to the company’s statement of affairs filed to Companies House, it owed £36,388 to HMRC, an additional £33,950 to trade creditors, and an additional £53,881 to another company that John owned.
At the same time, Toad Productions Ltd., which was owed money by Marcel Ltd., also collapsed. Additionally, John owed a director’s loan account that had become overdrawn, worth £55,000. According to the liquidator’s report, Torode and his accountant met and agreed to pay back £33, 348, which he did over a six-month period.
After paying the £23,000 liquidator’s fees, the amount equal to 9.37 pound sterling was paid to creditors. Toad Productions Ltd. was acquired in August 2016 and disbanded in February 2021, according to Companies House.
According to the Statement of Affairs, it owed a total of £58,203, with a further £54,603 to HMRC and another £3,600 to trade creditors. The Daily Mail reported that the liquidators were able to secure £8,500 but that the creditors had no money after paying their fees.
This week, Caspar 10 Ltd., John’s only active business, filed its accounts. His son, Jessica, and his ex-wife Jessica, goes by that name. According to the records, its reserves have increased by £40, 132 from the previous year, to now stand at £47, 351.
Creditors owe a staggering £93,523 to the business. Given that he works for BBC Studios and is one of the company’s commercial division, he is not included in the recent rich list, which lists their highest earners.
After being fired from MasterChef, John vowed to file legal action against the corporation that pays license fees this week. Rode claimed he had no memory of using the racist term and that he had only learned that his contract had been terminated after the Beeb and producers Banijay revealed the news in a statement. The star is currently fighting to “clear his name,” according to sources close to him.
“John is preparing to launch the lawsuit against the BBC,” the source told the Mirror. “He wants to pursue them for unfair dismissal. He’s telling people there is no proof of his supposed comment. It was not in a work capacity; it was just hearsay. John is determined to clear his name.”
Despite lawyers Lewis Silkin upholding the complaint, which is said to be from 2018 in their independent investigation into the series, the Australian star continues to insist that he had no knowledge of the “offensive” comment he was accused of making.
Source: Mirror
Leave a Reply