The restaurant owned by former Manchester United star Ryan Giggs, George's Dining Room and Bar in Worsley, Manchester, was confirmed to have an estimated deficiency of just over £478,000 to its creditors when it collapsed.
The business behind the restaurant, which Giggs opened with friends Kelvin Gregory and Bernie Taylor in 2014, was placed into voluntary liquidation in February, as reported by .
A document recently filed with Companies House revealed that the company owed £389,454 to ordinary unsecured creditors, including HMRC and a Covid-era Bounce Back Loan.
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Other creditors include Natwest, British Gas and Carlsberg Marton's Brewing Company.
Giggs himself is owed almost £100,000, Bernie Taylor nearly £13,000 and Kelvin Gregory more than £53,000.
In early 2025, City AM reported further losses at the Stock Exchange Hotel in Manchester, co-owned by Giggs and Gary Neville, following the closure of Tom Kerridge's restaurant.
The hotel reported a pre-tax loss of £2.5m for 2023, following a loss of £1.8m in the previous year. Revenue also dropped from £5.1m to £3.9m during this 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 only four months.
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Earlier, City AM had reported that another Manchester hotel owned by the same pair, Hotel Football, continued to operate at a loss despite recording a banner year.
Located near Manchester United's Old Trafford stadium, Hotel Football reported a pre-tax loss of £601,030 for 2023, following a loss of £630,158 in 2022. This was despite the hotel's turnover increasing from £6.4m to £7.8m over the year.