The company behind George's Dining Room and Bar in Worsley, Salford, which shut in February, had an estimated deficiency to its creditors of just over £478,000
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Ryan Giggs
Ryan Giggs(Image: 2023 Getty Images)
The company behind George's Dining Room and Bar, a restaurant owned by former Manchester United star Ryan Giggs, owed nearly £500,000 when it collapsed, it has been confirmed.
The Worsley, Salford-based eatery closed its doors in February and the business was placed into voluntary liquidation. Giggs, along with friends Kelvin Gregory and Bernie Taylor, opened the restaurant in 2014.
A recent document filed with Companies House revealed that the firm behind Giggs' restaurant had an estimated deficiency to its creditors of just over £478,000. Last week, reports suggested that the venue owed more than £500,000, but this figure was based on the last financial results published by the firm – for 2022.
The new statement of affairs document shows that the company owed £389,454 to ordinary unsecured creditors, including HMRC and a Covid-era Bounce Back Loan. Other creditors include Natwest, British Gas and Carlsberg Marton's Brewing Company.
Giggs himself is owed almost £100,000, while Taylor is owed nearly £13,000 and Gregory is owed more than £53,000. It is also reported that 22 employees are owed a total of £39,986.
In early 2025, City AM reported that the Stock Exchange Hotel in Manchester, co-owned by Giggs and Gary Neville, suffered further losses following the closure of Tom Kerridge's restaurant.
The hotel recorded a pre-tax loss of £2.5m for 2023, having also lost £1.8m the previous year. Its turnover also fell from £5.1m to £3.9m over the same period.
Tom Kerridge's Bull & Bear restaurant at the hotel closed its doors at the end of 2022, and its successor also ceased operations in July 2023 after a mere four months.
Earlier, City AM had reported that despite a record-breaking year, the duo's other Manchester establishment, Hotel Football, continued to operate at a loss.
The hotel, situated in the vicinity of United's Old Trafford stadium, recorded a pre-tax loss of £601,030 for 2023, following a loss of £630,158 in 2022.
This occurred even though Hotel Football's turnover increased from £6.4m to £7.8m within the year.
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