Lorraine Kelly’s TV empire hits nearly £4million despite recent profit dip
Key Points
- Albatel posted a £500,000 profit, yet company net worth fell by nearly £450,000
- Assets total £3.98million, including £2.75million cash and over £1million owed by debtors
- Company paid £129,000+ corporation tax; Lorraine remains active despite show budget cuts
LORRAINE Kelly’s business empire is now worth almost £4million, according to her latest company accounts.
The beloved ITV presenter’s firm, Albatel, made a £500,000 profit last year, though its overall net worth fell by nearly £450,000.
The accounts show total assets of £3.98million, including £2.75million in the bank and over £1million owed by debtors, according to The Sun.
Lorraine and her husband set up Albatel back in 1992, shortly after tying the knot.
The Glasgow-born TV star’s company also holds an investment portfolio valued at £135,000.
Despite the dip in net worth, Albatel paid more than £129,000 in corporation tax last year.
Lorraine has built her fortune over decades, starting as a Scotland correspondent for TV-am in 1984 before becoming a GMTV main presenter and eventually hosting her own show.
In 2019, she won a court case overturning a £1.2million tax bill after HMRC claimed she should have been taxed as an employee rather than a freelancer.
The tribunal recognised Lorraine as a “theatrical artist” who created her own “persona” and “brand” since 1992.
Between 2012 and 2015, ITV paid over £3.1million to her company for her work.
Earlier this year, Lorraine’s self-titled ITV morning show was hit by budget cuts, reducing episodes to 30 minutes and limiting the series to 30 weeks annually.
But the 66-year-old insists she’s in no rush to retire.
She said: “I look at women like Janet Street Porter and Gloria Hunniford and they are just getting into their stride in their 70s and 80s.
“So I think I’m still going to be there if people want to watch. Why wouldn’t I? It’s an amazing job.”
