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Lorraine Kelly's company worth revealed as TV host's firm boasts healthy position despite pandemic
15.05.2022 - 07:17 / dailyrecord.co.uk
TV star Lorraine Kelly ’s company was worth £3.7million last year – only dropping £65,000 in value despite the pandemic.
Albatel, which she runs with her producer husband Steve Smith, had net assets and equity of £3,776.535 for 2021 compared with £3,842,112 in 2020.
The figures, which show the 62-year-old host in good financial health, were made public last week by Companies House.
Albatel is the same firm which featured in her successful tax tribunal action against Her Majesty’s Revenue and Customs (HMRC) in 2019.
The tax collector said Lorraine was an ITV employee and owed a £1.2million income tax and National Insurance payment.
Lorraine said she was self-employed and received none of the perks available to ITV workers, including a pension.
In an interview earlier this year, Lorraine defended the legal action. She said: “I’m a firm believer in the NHS, in better education and housing and looking after people who can’t help themselves.
“I was brought up in a very working class background where you pay your dues.”
Her on-screen break came in 1984 when she joined TV-am and, since then, she has become a familiar face on the small screen and presented daily talk show Lorraine since 2010.
As well as her ITV show, the Glaswegian has worked for the BBC, Channel 4, STV and Sky.
Albatel, which was formed in 1992, is registered in Dundee and both Lorraine and Steve are directors. Its latest annual accounts show the firm had investments of £259,865, cash in the bank of £2,628,582 and paid corporation tax of £82,000.
In 2020 Dundee United supporter Lorraine received a CBE for services to broadcasting, journalism and charity. She lives in Buckinghamshire with Steve, 62, and daughter Rosie, 27.
A spokeswoman for Lorraine declined to comment
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