CONFIDENTIAL EDEN: Kate Garraway makes ‘terribly sad’ decision to close her husband’s business with £200,000 in debt after being unable to work due to Covid battle
Poor Kate Garraway has taken another blow. Her Covid-stricken husband’s once successful business has gone into liquidation with debts of nearly £200,000.
I can announce that Derek Draper’s psychotherapy company, Astra Aspera Ltd, owes £184,000 — including £125,000 in taxes. A liquidator was appointed on Tuesday to split the company’s assets.
“It’s terribly sad, but Derek can’t work and has no prospect of being able to do so in the near future, so Kate thought it best to close it,” one of her friends tells me.
Derek Draper’s psychotherapy company Astra Aspera Ltd owes £184,000 – including £125,000 in taxes
Garraway, 54, was named director last year after Draper, also 54, was struck down with Covid in 2020
Garraway, 54, was named director last year after Draper, also 54, was hit by Covid in 2020. The TV host revealed last month that she had accompanied him to Mexico for a medical assessment by a US doctor who may be able to reverse the damage Covid has done to his body.
They hired a specialist nurse to care for Draper during the 16-hour flight. He returns this month for a 28-day stay so doctors can check his brain, liver and lungs.
“Covid has devastated him,” she said last year. “His digestive system, his liver, his heart, his nervous system. We’re pretty sure the inflammation passed through his brain. He’s in a terrible condition.’
The star had kept her concerns about the company a secret despite making two emotionally charged documentaries about life with her husband
The star had kept her concerns about the company a secret, despite making two emotionally charged documentaries about life with her husband, including one last month called Caring For Derek.
She recently became the presenter of ITV’s Life Stories while also looking after the couple’s children, Darcey, 15, and William, 12. But she also has to fund 24-hour care for her husband, whom she married in 2005.
Astra Aspera’s name is an interpretation of the Latin phrase ‘ad astra per aspera’, which means ‘to the stars through hardship’. The estimated ‘creditors shortfall’ is reported in a statement of affairs signed by Garraway earlier this month.
Draper, who founded the company in 2011, had a good year before being hit by Covid and raising nearly £1million.
The Mail on Sunday reported earlier this month that Garraway was determined to save the company from the former Labor Party spin doctor, but eventually accepted that the company would have to close.