EastEnders star Adam Woodyatt’s gin brand has run up losses of more than £13,000 following reports he’s set to earn a six-figure sum to appear on the new series of I’m A Celebrity Get Me Out Of Here!
The actor, 53, set up his brand Neat Distillery in 2017, but still owes creditors £20,000 and has an outstanding loan worth over £7,000.
It comes after Adam’s estranged wife Beverley Turner was reportedly furious to learn he’d signed up for the new series of I’m A Celebrity for a hefty fee, after she began to ‘struggle financially’ in the wake of their split.
Finances: EastEnders star Adam Woodyatt’s gin brand has run up losses of more than £13,000 as he still owes creditors £20,000 and has an outstanding loan worth over £7,000
According to accounts, Adam has a loan through his gin company for £7,186, while Beverley owes £550.
The actor also has another company named Caledfwylch, which translates to Excalibur in Welsh, and – and new accounts showed it had reserves of £175,000 and had advanced the actor more than £130,000 earlier this year.
He and Beverley control another company called XL Management which saw its value rise by more than £175,000 to £427,000 in the year to the end of May last year.
Soon after launching the gin firm, Ian said he was building up a strong distribution network, saying: “We have managed to build up quite a diverse list of outlets and distribution from entertainment, bars, fine dining to music clubs.”
Exes: It comes after estranged wife Beverley Turner was furious he’d signed a six figure deal for the new series of I’m A Celeb after she began to ‘struggle financially’ (pictured in 2017)
But he did admit a lot of those stocking the wine were his pals adding: “Most places have taken it because I know the owners or people that work there, like Jenever and Tom Kerridge, and places that eat and drink at or theatre owners that I know.”
Earlier this year, it was reported that Adam’s divorce had become acrimonious with claims that Bev was not being offered a ‘fair deal’.
Yet Adam splashed out on a £100,000 Carthago camper van this week, which was likely to infuriate Bev – who is said to be surviving on handouts from loved ones since their 22-year marriage ended last year.
In it together: According to their accounts, Adam has a loan through his gin company for £7,186, while Beverley owes £550 (pictured in 2019)
The EastEnders actor is said to have put £245,763 into his new firm which Beverley has no involvement in.
Adam earned the cash from acting jobs and put it into his company Caledfwlch, which is Welsh for King Arthur’s sword Excalibur.
A friend of the former couple said: ‘Bev was amazed when she was told about the money. She has no idea what it is or where it is from.’
‘Bev is in a good place at the moment but does need the divorce settled as soon as possible to move on.’
MailOnline contacted representatives of Adam Woodyatt for comment at the time.
Earnings: Elsewhere, Adam earned cash from acting jobs but put it into another company Caledfwlch, which is Welsh for King Arthur’s sword Excalibur
Beverley and Adam parted ways last summer after 22 years of marriage, however their divorce settlement is yet to be finalised.
Prior to their split, Beverley negotiated Adam’s salary and panto deals while serving as his agent.
But while he raked in an impressive £1.2million in lockdown, Beverley still currently owes his company £195,447.
XL Management Ltd, which was recently said to have shut down, and paid £245,774 in Corporation Tax last year, based on a fifth of its taxable income.
Business: Adam’a reportedly raked in an impressive £1.2million in lockdown, while Beverley currently owes his other company £195,447
In financial records on Companies House, first seen by The Sun, Adam’s company also paid £182,486 in Corporation Tax in 2019.
This means Adam’s XL Management has seen a turnover of around £2.1m over the last two years.
Adam and Beverley are both listed as directors of the company but the soap star is the majority shareholder and has overall control.
Annual accounts show Beverley has been lent almost £200,000 over the last two years and has so far paid back £6,000.
Adam is said to be paying Bev ‘interim maintenance payments’ to support her while their divorce is being finalised. They share children Jessica, 28, and Samuel, 24.
A friend of Bev reportedly added to The Sun: ‘She has really struggled financially’ and claimed Bev, will now ‘get Adam back’ by consistently having the voting number for him to do Bushtucker trials on ‘speed dial’.
They went on: ‘I think it’s inevitable he’ll end up getting picked for lots of trials and I wouldn’t blame Bev if she had his number on speed dial after all the pain and upset he’s put her through.
They added that it is ‘quite likely’ that she’ll be voting for him this series and won’t be ‘alone in that’.
Ex: Adam is said to be paying Bev ‘interim maintenance payments’ to support her while their divorce is being finalised. They share children Jessica, 28, and Samuel, 24
It was reported that Adam agreed to take part in I’m A Celebrity after bosses offered him a bumper pay deal.
An insider told The Sun: ‘Adam was a big target for the casting team – he is a soap legend and is certain to be a huge hit with fans.
But they knew they might have their work cut out because he has been quite reticent to do interviews or reality TV shows in recent years.’
ITV bosses are believed to be thrilled that Adam, who is currently on an ‘extended break’ from EastEnders, will appear on the reality series.
‘I wouldn’t blame Bev if she had his number on speed dial after all the upset he’s put her through,’ friends of the actor’s wife suspect she’ll be out for revenge when he’s in the jungle