Gino D’Acampo‘s last remaining restaurants have reportedly been saved from closure after the scandal-hit star was sacked from his TV projects.

The firm who control the restaurants, Upmarket Leisure Ltd, has allegedly been struggling with mounting debt and a sale of the company fell through.

According to The Sun, HMRC issued a petition to close up the company at the High Court in March and an application to appoint an administrator was made on Tuesday.

However, Upmarket has now been saved and bought out of administration in a £5million deal, which means the five venues can remain open, reports the publication.

The apparent deal will save the jobs of 400 employees at the restaurants in London, Leeds, Newcastle and Manchester.

Dean Watson, an administrator Begbies Traynor, told the Sun: ‘This very well-recognised group of restaurants will be able to continue, under their existing brand, and has the opportunity to thrive again.’

Gino D'Acampo 's last remaining restaurants have reportedly been saved from closure after the scandal-hit star was sacked from his TV projects
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Gino D’Acampo ‘s last remaining restaurants have reportedly been saved from closure after the scandal-hit star was sacked from his TV projects

The firm who control the restaurants, Upmarket Leisure Ltd, has allegedly been struggling with mounting debt and a sale of the company fell through (pictured Luciano restaurant in London)
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The firm who control the restaurants, Upmarket Leisure Ltd, has allegedly been struggling with mounting debt and a sale of the company fell through (pictured Luciano restaurant in London)

In recent months, the TV chef has faced a string of accusations of inappropriate behaviour towards women – which he has denied.

ITV subsequently pulled all of Gino’s shows from its upcoming schedules after the accusations were revealed in an investigation.

‘He’s in a lot of trouble and ITV don’t want to be in a BBC situation [with Gregg Wallace] or have a repeat of Schofield so they are covering all their bases’, an insider told MailOnline at the time.

But now the chef is set to return to TV, after he revealed he has been filming a new series in Ireland.

Gino shared a collection of snaps where he could be seen working as a mechanic with his face covered in grime as he filmed scenes for the mystery series.

Recent accounts for Upmarket, for the year to March 2023, had showed losses that increased from an eye-watering £559,000 to £1.475million. The company owed creditors £5.8million at that time.

The Sun have reported that staff at the company were due to be a paid a week ago and were warned of a delay. Some of them have since received payment.

One of them said: ‘A lot of people are very angry and a few have resigned. Every day we’re told we’ll be paid tomorrow.’

HMRC issued a petition to close up the company at the High Court in March and an application to appoint an administrator was made on Tuesday (pictured Gino's Manchester restaurant)
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HMRC issued a petition to close up the company at the High Court in March and an application to appoint an administrator was made on Tuesday (pictured Gino’s Manchester restaurant)

The apparent deal will save the jobs of 400 employees at the restaurants in London, Leeds, Newcastle (pictured) and Manchester
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The apparent deal will save the jobs of 400 employees at the restaurants in London, Leeds, Newcastle (pictured) and Manchester

However, Upmarket has now been saved and bought out of administration in a £5million deal, which means the five venues can remain open, reports the publication (pictured 2023)
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However, Upmarket has now been saved and bought out of administration in a £5million deal, which means the five venues can remain open, reports the publication (pictured 2023)

Just last week, Gino shared a video of himself hugging several members of his staff in his restaurants across the country
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He wrote: 'Just finished my Restaurants Tour all over the UK @ginomyrestaurant & @lucianobyginodacampo. You guys make it all worth it. GDx'
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Just last week, Gino shared a video of himself hugging several members of his staff in his restaurants across the country

According to the publication, Upmarket have apologised for the late payment citing administrative banking issues and being unable to process payroll.

Just last week, Gino shared a video of himself hugging several members of his staff in his restaurants across the country.

He wrote: ‘Just finished my Restaurants Tour all over the UK @ginomyrestaurant & @lucianobyginodacampo. You guys make it all worth it. GDx.’

Last year it was reported that Gino had ‘raked in £6million in the last two years’, as it was claimed he had doubled his profits just after it was suggested that he was unable to pay £5million to his former employees and in tax after liquidating his restaurant chain, My Pasta Bar, in 2022.

Gino seemingly turned his luck around after making £5,718,514 from his three companies, all of which he owns with his wife Jessica.

In documents obtained by The Sun, Gino D’Acampo Holdings made ‘record profits’ of £4,893,220, while Gino D’Acampo Ltd saw £417,097 in profits and his talent firm MeMs agency made £408,197.

It came just two years after the chef was forced to call in liquidators after it was revealed My Pasta Bar lost thousands every year over its decade in business.

In recent months the TV chef has faced a string of accusations of inappropriate behaviour towards women - which he has denied (pictured Leeds restaurant at the Marriott Hotel)
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In recent months the TV chef has faced a string of accusations of inappropriate behaviour towards women – which he has denied (pictured Leeds restaurant at the Marriott Hotel)

ITV subsequently pulled all of Gino's shows from its upcoming schedules after the accusations were revealed in an investigation (pictured Liverpool restaurant 360 Sky Bar)
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ITV subsequently pulled all of Gino’s shows from its upcoming schedules after the accusations were revealed in an investigation (pictured Liverpool restaurant 360 Sky Bar)

Last year it was reported that Gino had 'raked in £6million in the last two years', as it was claimed he had doubled his profits just after it was suggested that he was unable to pay £5million to his former employees (pictured May 2024)
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Last year it was reported that Gino had ‘raked in £6million in the last two years’, as it was claimed he had doubled his profits just after it was suggested that he was unable to pay £5million to his former employees (pictured May 2024)

He had restaurants located in Fleet Street, Leadenhall Market and Bishopsgate, London.

Gino defended his record as a businessman after being accused of failing to hand over millions of pounds to staff and the taxman when the chain collapsed.

The former This Morning star spoke out for the first time after suggestions he was unable to pay up after liquidating My Pasta Bar in 2022.

Accounts said 49 creditors were not paid, with £4.8million owed to trade creditors, £113,975 to HMRC and £53,304 to staff, according to reports.

But Gino hit back, insisting his philosophy was to ‘make sure your wins are greater than what you lose’.

In a final account to creditors and members, the company had said: ‘Overall, I can confirm that the realisations in the liquidation are insufficient to declare a dividend to the unsecured creditors after defraying the expenses of the proceedings.’

Major stakeholders included Gino, owning ten per cent, and IRG, who had an 85 per cent stake in the company – with the other five per cent belonging to Vernon Lord.

IRG is owned by Iceland founder Malcolm Walker and CEO Tarsem Dhaliwal, after Gino previously had a food range with the supermarket giant.

Gino has seemingly turned his luck around after making £5,718,514 from his three companies, all of which he owns with his wife Jessica (pictured together in 2018)
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Gino has seemingly turned his luck around after making £5,718,514 from his three companies, all of which he owns with his wife Jessica (pictured together in 2018)

My Pasta Bar, which opened in 2012, went under two years with three London venues closing
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My Pasta Bar, which opened in 2012, went under two years with three London venues closing