Jamie Oliver’s £1.75m windfall from ruins of collapsed eating places – however suppliers who had been owed hundreds of thousands after the collapse of his empire will get a fraction of that

  • Oliver was pressured to shut his Jamie’s Italian eating places when empire collapsed
  • The enterprise, Jamie’s Italian, owed round £83 million when it went bust in 2018
  • The TV chef will recoup £1.75m after ploughing £15m of his money into firm
  • In the meantime, collectors must share £600k that has been put aside for claims










He is the super-rich TV chef who confronted a spectacular downfall when his restaurant empire collapsed in 2018, owing hundreds of thousands of kilos to his suppliers.

However Jamie Oliver can breathe a sigh of aid, because the Day by day Mail’s Richard Eden can reveal he’s recouped £1.75 million.

This may occasionally, nevertheless, trigger his suppliers to boil over. They embrace such prestigious names because the Queen’s wine service provider Berry Bros, and Natoora, the modern natural veg provider which sells to Michelin-starred cooks.

The movie star chef, 46, closed 22 of his Jamie’s Italian eating places with the lack of 1,000 jobs in Might 2019 after income plunged as prospects stayed away. 

The enterprise, Jamie’s Italian, owed round £83 million when it went bust. Oliver ploughed in about £15 million of his personal cash, and now £1.75 million might be paid to his holding firm, Jamie Oliver Holdings Ltd.

Jamie Oliver visits Jamie's Italian restaurant, Vienna, Austria - 20 Apr 2018

Jamie Oliver

Celeb TV Chef Jamie Oliver (pictured) ploughed in about £15 million of his personal cash, and now £1.75 million might be paid to his holding firm, Jamie Oliver Holdings Ltd

In January final 12 months, the corporate’s administrator KPMG revealed that almost all of the £83million owed to secured and unsecured collectors corresponding to meals suppliers, councils and landlords wouldn’t be recovered.  

Auditors stated that whereas three Jamie’s Italian eating places and delis at Gatwick Airport stay open, the individuals owed cash for the previous eight months are prone to be considerably out of pocket.

Now it has emerged that unsecured collectors, such because the suppliers owed hundreds of thousands, must share £600,000 that has been put aside for his or her claims.

One of many largest money owed to a provider is the £221,494 run up by the chain with Direct Meats, based mostly in Essex.

The corporate’s director, Martin Blackwell, stated in a report on the agency’s buying and selling for 2019: ‘Within the earlier 12 months we had established what we believed to be a robust relationship with Jamie Oliver’s Italian.

‘And right here we had seen greater than a doubling within the enterprise between the years 2018 and 2019.

‘We had been massively let down by the companies falling into administration, and with out this our year-end figures, that are certainly passable, would have been considerably improved and would have mirrored the laborious work and dedication of the officers and workers in taking Direct Meats ahead.’

Oliver’s spokesman couldn’t be reached for remark, however his spokesman beforehand stated the chef had reached ‘mutually consensual phrases’ along with his collectors.

Jamie Oliver’s spokesman could not be reached for comment, but his spokesman has previously said the chef had reached ‘mutually consensual terms’ with his creditors

Jamie Oliver’s spokesman couldn’t be reached for remark, however his spokesman has beforehand stated the chef had reached ‘mutually consensual phrases’ along with his collectors

Jamie’s Italian was essentially the most high-profile fall from grace in a 12 months when a whole lot of eating places closed throughout the UK. 

Round 1,000 jobs had been misplaced on the Bare Chef’s eating places in 2019 when the corporate went into administration and greater than 20 of his websites had been closed.

It was reported Oliver dipped into his personal private checking account to pay the wages of roughly 1,000 workers who’ve been made redundant. 

Some elements of the restaurant empire nonetheless exist within the type of 65 worldwide websites in 25 nations.

In August 2019 Oliver broke down as he visited Fifteen in east London, which he opened in 2002, as a part of Channel 4 documentary Jamie Oliver: The Bare Chef Bares All.

Each he and presenter Davina McCall turned emotional as he talked her by means of what went improper along with his empire and the stress he had been underneath since.

Oliver is rumoured to have a fortune of greater than £200 million and just lately utilized for permission to increase his £3 million Essex mansion.

He and his household hope so as to add three extra bedrooms to their six-bedroom pile.

Timeline: How Jamie Oliver’s chains plunged into debt

2008: Jamie’s Italian opened its first restaurant in 2008.

2015: Jamie At House, which contracted brokers to promote his cookware vary at events, ceased buying and selling after racking up losses. The corporate started in 2009, as a part of the Jamie Oliver organisation, earlier than being licensed to a different agency in 2013, however shut up store in 2015.

2017: Jamie’s companies misplaced £20m, forcing him to close 18 of his Italian eating places – resulting in the lack of 600 jobs.

Chain was battling money owed of £71.5m and teetered on the sting of chapter earlier than the chef injected his financial savings into the enterprise. 

The agency additionally took out £37m in loans from HSBC and different corporations. 

In 2017 he closed the final of his 4 his Union Jack Piazzas, in London’s Covent Backyard. 

2018: Jamie’s Italian shuttered 12 of its 37 websites, with the latter tranche executed by means of a Firm Voluntary Association (CVA).

He additionally got here underneath hearth for failing to pay suppliers after his upmarket steak restaurant Barbecoa crashed into administration, resulting in the closure of its Piccadilly department.  

The restaurant in St Paul’s continued to commerce and was purchased out by a brand new firm arrange by Oliver, who was now not legally answerable for the money owed. 

2019: All however three of Jamie Oliver’s eating places shut after the enterprise known as in directors, with 1,000 workers dealing with redundancy. 

Commercial