Tuesday, May 27, 2014

Celebrity News - Entertainmentwise.com: Paul Hollywood's Bread Company 'In Liquidation' Following Financial Hardship

Celebrity News - Entertainmentwise.com
Celebrity News from Entertainmentwise.com 
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Paul Hollywood's Bread Company 'In Liquidation' Following Financial Hardship
May 28th 2014, 05:47

The Great British Bake Off's Paul Hollywood has reportedly seen his bread company slip into liquidation.

The firm has accumulated debts of £60,000, according to the Daily Telegraph, with a £28,616 share of that being owed to Hollywood himself.

The 47-year-old revealed plans to close the business last year due to his increased television commitments, after setting it up in 2007.

Paul Hollywood (WENN)

He previously had to shut down Hollywood Bread in 2003, and had debts of £262,000 by the time it was dissolved at the end of 2005.

However, there's better news for his other firm, the eponymous Paul Hollywood Limited. The accounts for that company allegedly show a decent balance of £409,730.

The Paul Hollywood Artisan Bread LLP turned heads at Harrods back in its infancy, selling almond sourdough which was the most expensive in the UK at the time.

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