KATE Garraway has suffered a new financial blow after her media firm reported losses of around £300k last year.

Despite these setbacks, Garraway remains an influential and resilient figure in the British media landscape. Her role on ITV’s Good Morning Britain continues to provide her with a platform and stability, while her work as an author and documentary maker has resonated with audiences across the country. In fact, her candid accounts of caring for Derek and the challenges of navigating life after his illness have turned her into a source of inspiration for many families facing similar struggles. However, while public sympathy and admiration for her strength have been overwhelming, the practical reality of financial hardship remains ever-present.

The emotional toll of her recent years cannot be understated. Caring for a loved one with complex medical needs often leads to career sacrifices, and Garraway was no exception. She openly admitted in interviews that much of her energy, time, and money went into ensuring Derek had the best possible care. While this decision was made out of love and necessity, it inevitably had financial consequences. Losing Derek earlier this year not only left her grappling with grief but also facing the financial aftershocks of years of caregiving expenses. The £300,000 losses now reported are, in many ways, a continuation of that long battle.

The broader context is also important. The cost-of-living crisis, inflation, and pressures on the media industry have affected countless professionals, and Garraway is not immune. The broadcasting landscape is shifting rapidly, with budgets tightening and opportunities becoming more competitive. Even established presenters have found it more difficult to secure lucrative contracts or consistent work outside of their flagship roles. For someone in Garraway’s position, who has had to prioritize family over career for years, keeping pace with these changes has been especially challenging.

The Good Morning Britain star, 58, firm Praespero 100 Ltd has seen its profits plummet in the last 12 months.

Kate Garraway as suffered a new financial blow
Credit: ITV

The Good Morning Britain star’s media firm reported losses of around £300k last year
Credit: Rex
Accounts just filed to Companies House show it owed £288,122 for 2024.

In 2023, the company was £165,011 in deficit and just the year before the company was sitting on £36,888.

The presenter was faced with the daunting prospect of paying back £800,000 following husband Derek’s death from covid-related illness early last year.

The cost of caring for Derek during his four-year health nightmare ran into hundreds of thousands of pounds.

At the same time, Derek’s psychotherapy firm Astra Aspera Ltd – which was jointly controlled by Kate – went bust owing hundreds of thousands to creditors, including a huge sum to HMRC.

Kate was hit with a tax bill for £716,000 after closing down the company, and left with £184,096 of debt.

Kate has been very open about her money struggles and earlier this year revealed she didn’t receive any help for Derek’s Covid recovery.

She said: “Derek’s needs were clearly so great, yet he didn’t warrant funded care — so you think, ‘If he isn’t getting it, then who is?’”

Kate Garraway suffers another blow as she’s forced to sell her house amid devastating £800,000 debt battle
“You feel like you’re in the dock answering questions about things that will literally mean life or death to someone you love.”

Last year it was reported that Kate may have to sell the home to repay the debts.

A source said: “It is so sad for Kate.

“Not only has she had to watch her beloved husband suffer for almost four years but her financial worries have never been far away from her thoughts.

“It has cost hundreds of thousands of pounds to look after Derek and do everything she could to get him better but it’s left her struggling.

“The house is about all she has left financially and she is now facing up to the fact it might have to be sold.

“It’s where she and Derek were so happy and also where her two children grew up – but bills are bills and they have to be paid.

“It’s dreadful for Kate.”

The cost of caring for Derek ran into hundreds of thousands of pounds
Credit: PA

Derek’s psychotherapy firm Astra Aspera Ltd went bust
Credit: Alamy

Kate Garraway, one of Britain’s most well-known television presenters, has once again found herself facing significant financial challenges. The latest blow comes after reports emerged that her media company recorded losses of around £300,000 in the last financial year. For Garraway, who has spent the past few years balancing the immense personal strain of caring for her late husband Derek Draper with the demands of her career, this news underscores just how heavy the burden has been. The financial struggles are a stark reminder that even public figures with seemingly stable careers can be hit hard by personal circumstances and broader economic pressures.

The company at the center of these losses, often a crucial avenue for television personalities to manage projects and revenue streams, has been under pressure for some time. As filings revealed, the firm’s revenue could not keep up with rising operational costs and financial commitments. For Garraway, the company is not just a business but also a way to structure her professional life around her broadcasting and media engagements. A downturn in its performance adds yet another layer of stress to someone who has already endured years of upheaval and uncertainty.

The timing of these financial challenges is particularly poignant given that Garraway has only recently begun to rebuild her life after the passing of her husband Derek earlier this year. Derek’s long health battle following complications from COVID-19 was a defining chapter in Garraway’s life. For nearly four years, she juggled her television career with her role as a full-time caregiver, incurring significant expenses in the process. Reports have suggested that the cost of round-the-clock medical care for Derek at home was staggering, at times amounting to hundreds of thousands annually. Those financial strains have likely contributed to the losses now surfacing through her company.

It is worth noting that many television presenters and journalists operate their professional work through limited companies, which handle their earnings, expenses, and tax obligations. While this structure can be advantageous during good years, downturns can expose vulnerabilities. For Garraway, the losses highlight not just business risks but also the way her personal circumstances have overlapped with her professional obligations. With fewer opportunities to pursue large-scale projects in recent years due to her caregiving duties, her company may have struggled to maintain a steady income stream while expenses piled up.

Yet, resilience has always defined Garraway’s journey. Throughout Derek’s illness, she remained a constant presence on morning television, often juggling live broadcasts with hospital visits and caregiver duties. Her openness about these struggles has not only humanized her but also broadened the public’s understanding of the hidden costs of long-term illness. Financial struggles are just one aspect of a wider picture, one that countless families across the UK can relate to. In that sense, Garraway’s story resonates beyond the headlines, reflecting a reality that many know all too well.

Looking ahead, there are reasons for cautious optimism. Garraway’s continued work on ITV provides a steady income, and her reputation as a respected broadcaster ensures she remains in demand. She has also proven herself as a compelling storyteller, with her bestselling books and heartfelt documentaries reaching large audiences. These avenues may provide opportunities to stabilize her financial outlook over the coming years. However, rebuilding from a reported loss of £300,000 will take time and careful management, especially given the emotional recovery she is still navigating after Derek’s death.

Ultimately, Kate Garraway’s financial blow serves as a reminder that public figures are not shielded from the struggles of ordinary life. Despite her visibility and success, she has faced the same challenges many families do when serious illness enters the home: rising costs, reduced opportunities, and long-lasting financial impacts. What sets her apart, however, is the grace and resilience with which she has handled these challenges. While the reported losses are significant, they do not define her career or her legacy. Instead, they form part of a larger story about perseverance, love, and the cost of caregiving in modern Britain.