Revealed: The Multimillion-Pound Bond Between Phillip Schofield and His Estranged Wife

Phillip Schofield’s life has changed dramatically since his 2020 decision to come out as gay, a move that brought the end of his long marriage to Stephanie Lowe. Yet, despite the public narrative of separation, fresh revelations show the pair remain deeply connected—personally, financially, and symbolically. The story of their continuing partnership demonstrates how a marriage may dissolve but the ties that bind two people can endure in surprising ways.

Still Wearing the Ring

At 63, Schofield continues to wear his wedding ring—a gesture many see as a sign of ongoing loyalty to Stephanie. While their romantic relationship ended years ago, the enduring symbolism of the ring suggests that he views their bond as something that transcends marital status.

The former This Morning host is also said to still spend time at the “family home,” underscoring that the relationship remains rooted in shared history, co-parenting their daughters Molly and Ruby, and mutual support.

A Business That Still Binds

Perhaps most striking, however, are the financial ties between the pair. Company records filed this year confirm that Phillip and Stephanie remain business partners through their joint company, Fistral Productions. Founded in 2010 during their marriage, the firm remains active today, with Stephanie still serving as a director.

In fact, the latest accounts submitted to Companies House bear Stephanie’s signature—not Phillip’s. The records show Fistral Productions has just over £2 million in net equity, suggesting the company remains stable despite the turbulence in Phillip’s personal life and career.

These figures also reveal that the company is owed more than £900,000 by Fistral Properties, another business jointly owned by the couple. In other words, far from disentangling their finances, Phillip and Stephanie continue to operate as a team, managing multimillion-pound ventures side by side.

An Unconventional Partnership

The revelations about their ongoing business and financial partnership have left the public both intrigued and admiring. Many celebrity divorces are defined by bitter disputes over assets and acrimony in the aftermath of separation. The Schofields’ arrangement, however, appears cooperative, even amicable.

Their decision to remain co-directors in shared companies underscores a sense of trust and respect that has survived the end of their marriage. Industry analysts note that such arrangements are unusual but not unprecedented, particularly when shared assets have been carefully cultivated over decades.

“It’s rare to see couples continue to run businesses together after separation,” said one corporate advisor. “What it shows here is mutual confidence in each other’s judgment, as well as a desire to preserve stability for their family.”

The Family at the Core

At the heart of this arrangement are the Schofields’ two daughters. Both Phillip and Stephanie have repeatedly emphasized their commitment to Molly and Ruby, and maintaining a united front appears to have been a priority throughout the upheaval of recent years.

By keeping family assets jointly managed and remaining in regular contact, the couple seems determined to provide continuity for their children. Even as Phillip’s professional reputation took hits following revelations about his personal life, Stephanie’s presence as a constant in his life has been widely noted.

Public Reactions

News that Phillip and Stephanie are still tied so closely together has sparked lively discussion online. Admirers praise the couple for demonstrating maturity and resilience in the face of extraordinary challenges. “This is what real partnership looks like,” one Twitter user wrote. “They may not be husband and wife in the traditional sense, but they’re still a team.”

Others, however, have questioned whether such close financial ties could complicate their ability to fully move on. “It’s hard to imagine closure when your lives remain this entangled,” one commentator observed.

Loyalty Through Change

For Phillip, maintaining a bond with Stephanie appears to be both personal and professional. Even after stepping away from ITV and facing scrutiny over his private life, he has consistently referred to Stephanie as a source of support and stability. His decision to continue wearing his wedding ring is seen by many as a public declaration of that enduring loyalty.

For Stephanie, the choice to remain tied to Phillip through business ventures suggests a similar confidence and commitment. Rather than cutting ties, she appears to have embraced a redefined version of their partnership—one that prioritizes family, stability, and pragmatism.

Redefining Relationships

The story of Phillip and Stephanie Schofield is ultimately one of redefinition. Their marriage may have ended, but the partnership has evolved rather than dissolved. They are no longer husband and wife in the conventional sense, yet they continue to stand together in ways that defy simple labels.

With millions of pounds in shared business interests and a family still firmly at the center of their lives, Phillip and Stephanie’s story is not one of separation but of transformation. Their journey illustrates that relationships need not fit into neat boxes; bonds can shift, reshape, and endure—even in the face of profound personal change.