I’M A Celebrity star Adam Woodyatt has borrowed over £ 130,000 from one of his businesses – as he prepares for a costly divorce battle.
Adam took the cash loan from recently formed Caledfwlch Ltd, The Sun can reveal.
And the 53-year-old, who plays wheel dealer Ian Beale in the BBC soap opera, has landed a very good deal.
According to official documents registered with Companies House, Woodyatt, who is the sole director of the company, will only pay 2.5% interest per annum on the loan.
Woodyatt established Caledfwlch Ltd, which is Welsh for the sword of King Arthur Excalibur, last February.
A few months later it was announced that he would be separating from his wife Beverley for 22 years.
The last accounts of the £ 245,000 trade fair have passed through its checkouts since its inception.
He is also linked to two other companies. One is called XL Management Ltd, where Beverley, 56, remains co-director. The company has assets of almost £ 700,000.
The duo also jointly run the Neat Distillery, which specializes in the rectification and blending of spirits.
This company has smaller assets of around £ 10,000.
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On August 10 of this year, requests to shut down the two companies were filed. But these apps have since been discontinued.
Our story comes weeks after it emerged that Beverley was struggling to find the money.
She would also be furious that Adam signed a six-figure deal to appear on the ITV show.
A pal claimed Beverley – the mother of their two children – was angry with his deal because she “struggled financially and relied on handouts”.
She would have even received food parcels from relatives concerned.
The couple split last summer after 22 years of marriage and their divorce settlement has yet to be finalized.
Adam is one of the favorites to win this year’s I’m A Celebrity award.
The ITV series hosted by Ant and Dec also stars singer Frankie Bridge, 32, and ex-footballer David Ginola, 54, is now back at Gwrych Castle in North Wales after that storms forced him to leave the screen.