Huge Simon Gregson update as Corrie star owes massive sum to Tax Office

Coronation Street actor Simon Gregson had liquidators called in to break up his production company Simon Gregson Productions Ltd as he owes a huge sum to the Tax Office

Actor Simon Gregson owes thousands to the Tax Office as liquidators were called in to break up his company.

The Coronation Street star, who plays Steve McDonald in the ITV soap, was previously told he could be forced to sell his house if he doesn't repay a hefty loan. He owes £165,000 to the Tax Office and a bank as liquidators were called in to break up Simon Gregson Productions Ltd. They have now filed a report on the actor's conduct to the government.

A repayment of £252,000 has been demanded from the firm's coffers and paid into a separate account controlled by the actor. Those working on the liquidation have concluded there is no other option to reclaim Simon's debts. In a report to the Department for Business, Energy & Industrial Strategy (BEIS), the liquidators gave notice of progress in the voluntary winding up of the company.

The document seen by the Mirror said: "In accordance with the Company Directors Disqualification Act 1986 we have submitted a report on the conduct of the Directors of the Company for the Department for Business, Energy & Industrial Strategy (BEIS).

"As this is a confidential report, we are not able to disclose the contents. Shortly after our appointment, we made an initial assessment of whether there could be any matters that might lead to recoveries for the estate and what further investigations may be appropriate."

"This assessment look into account information provided by creditors either at the initial meeting or as a response to our request to complete an investigation questionnaire. Our examinations have not revealed any issues requiring further investigation."

Official papers last week showed Simon, along with wife Emma, must repay Simon Gregson Productions a sum of £1,500 per month. The report said they had three years to pay back the debt. And if they failed to do so, it had been agreed that they would sell their family home.

A day later, Simon broke his cover as he was seen outside a house with a 'for sale' sign. The report read: "The Director had an overdrawn loan account of £252,824. The analysis also revealed that this money was removed from the Company’s bank account and paid into Mr Gregory’s joint bank account with his estranged wife. Therefore, any claim would be addressed to both individuals.”

Simon liquidated Simon Gregson Productions Ltd in 2023, owing £165,000 to HMRC and Coutts bank for a Covid bounceback loan. It was revealed last year he was selling his office equipment in a bid to pay his debts. He had offered the furniture plus £6,000 in cash to try and settle some of what he owes.

An initial report said: “Due to the age and condition of the equipment it is anticipated any realisations will be minimal.” Simon has played Steve since 1989 and is reportedly on a £150,000 salary.

The Mirror has contacted Simon's representative for comment.

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