Kate Garraway takes control of ill husband’s business after facing financial struggles

Kate Garraway on 'wonderful' response to Derek documentary

When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time.

Kate Garraway, 53, recently said her husband Derek Draper’s business was “burning money” as she discussed her financial situation. The mother-of-two took a break from her work commitments on Good Morning Britain and Smooth Radio last year to look after the couple’s children; Darcey, 15, and Billy, 11.

Now, Kate has been appointed as director of Derek’s business Astra Aspera Ltd.

Documents filed to Companies House show the presenter was given more than 50 percent of the firm on February 26.

The listing shows that it is late in filing accounts for 2019 due to Derek’s ongoing illness.

In 2018, the company, set up in 2011, appeared to be taking in a healthy income.

A source told MailOnline: “It’s been an incredibly tough year for Kate and the family and she’s been left with a lot of financial decisions and complications on top of it all.

“Making Kate the director for Derek’s company for the time being was the best decision for everyone to try to manage things while Derek is unable to.

“It’s been a lot for Kate to handle but she’s determined to tackle it.”

Derek was hospitalised in March 2020 with coronavirus and later placed into a medically-induced coma.

He has been battling further health complications including kidney failure and damage to his liver and pancreas ever since.

The Good Morning Britain presenter has admitted she isn’t sure if or when Derek will fully recover.

Kate recently discussed how her finances had been affected since Derek’s health took a turn.

She told The Sunday Times: “Working in television, everybody does get paid a good wage compared with the nurses who are keeping Derek alive.

Piers Morgan fury over being ‘uninvited from royal funeral’ [REVEALED]
Debbie McGee warned not to do I’m A Celeb amid weight loss fears [EXCLUSIVE]
Yorkshire Shepherdess Amanda Owen’s farm faces brutal conditions [TWITTER]

“But that obviously stopped quite suddenly last March.”

The mother-of-two added she worried she may sound like she’s “pleading poverty” but said she has had to rely on their friends for financial support during the difficult time.

Addressing further difficulties, Kate added she also couldn’t access her spouse’s bank or credit card accounts, their joint savings, or refinance the mortgage.

Giving an example of how this had been a problem, she said she was charged nearly £900 by a mobile provider when the family needed replacement handsets last year.

The devices would’ve been free if Derek was able to sign the paperwork.

She added she also doesn’t have the legal right to see his medical notes, owing to data protection.

Kate went on to say she and her husband had discussed appointing the power of attorney in case anything happened, but said this isn’t logged anywhere.

The mother-of-two gave fans an insight into Derek’s health ordeal and her family’s experience in ITV documentary Finding Derek. 

Source: Read Full Article