By Alistair Foster, Joanna Bell And Sophie Cockerham For The Mail On Sunday
Published: 00:04 BST, 20 September 2020 | Updated: 13:22 BST, 20 September 2020
Diners have been scathing in their criticism about the small portions served up at Gordon Ramsay’s York & Albany restaurant – but the venue has been eating a giant hole in the fiery chef’s bank balance.
For I can reveal that the ailing restaurant in trendy Camden, North London, has sunk even further into the red and has racked up losses totalling a staggering £15 million since opening in 2008.
The figure appears in the ‘accumulated losses’ column of the latest financial statement.
The records also reveal that the establishment made losses of more than £550,000 in just one year, to the end of August 2019.
And things could be about to get even worse for the Kitchen Nightmare star, pictured right.
Diners have been scathing in their criticism about the small portions served up at Gordon Ramsay’s York & Albany restaurant. Pictured: Gordon Ramsay
The disastrous number was for a period months before lockdown in the UK, which had a devastating impact on the high street.
All of Ramsay’s restaurants closed in March and have only recently started to reopen.
In the new accounting figures filed to Companies House last week, the star’s team warn that the full impact of Covid-19 ‘is not yet known’.
The books show that he has personally given guarantees of £5million to shore up the businesses.