Home Entertainment company Lorraine Kelly’s business value revealed as TV host’s business enjoys healthy position despite pandemic

Lorraine Kelly’s business value revealed as TV host’s business enjoys healthy position despite pandemic

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TV star Lorraine Kelly’s company was worth £3.7million last year – losing just £65,000 despite the pandemic.

Albatel, which she runs with her producer husband Steve Smith, had net assets and shareholders’ equity of £3,776,535 for 2021, up from £3,842,112 in 2020.

The figures, which show the 62-year-old host in good financial health, were released last week by Companies House.

Albatel is the same company that featured in its successful action in the Revenue Court against Her Majesty’s Revenue and Customs (HMRC) in 2019.

The tax collector said Lorraine was an ITV employee and owed £1.2million income tax and a National Insurance payment.

Lorraine said she was self-employed and did not receive any of the benefits available to ITV workers, including a pension.



Lorraine Kelly with husband Steve Smith after being appointed CBE

In an interview earlier this year, Lorraine defended the lawsuit. She said: ‘I am a firm believer in the NHS, better education and better housing and caring for people who cannot help themselves.

“I was brought up in a very working-class environment where you pay your dues.”

Her screen breakthrough came in 1984 when she joined TV-am and since then she has become a familiar figure on the small screen and has hosted the 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 established in 1992, is registered in Dundee and both Lorraine and Steve are directors. Its latest annual accounts show the company had investments of £259,865, cash in bank of £2,628,582 and corporation tax paid of £82,000.

In 2020, Dundee United supporter Lorraine received a CBE for her services to broadcasting, journalism and charity. She lives in Buckinghamshire with Steve, 62, and daughter Rosie, 27.

A spokeswoman for Lorraine declined to comment on the numbers.

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