Gino D’Acampo is in the process of bringing his My Pasta Bar business to an end after calling in liquidators.
The 45-year-old TV chef's venture - that began in 2012 - owes £4,939,332 to 49 creditors.
It is also understood that the grab and go pasta eatery - which has shops in London's Fleet Street, Leadenhall Market & Bishopsgate- also owes £113,975 to HMRC and £37,887 in staff wages.
When a company goes into liquidation its assets are sold to repay creditors and the business closes down - which records on Companies House confirm Gino - real name Gennaro Sheffield D'Acampo - is doing.
Mirror have approached a representative for Gino D'Acampo for comment.
In November it came to light on Companies House, that Italian chef Gino set up a new 'management consultancy' firm for his son Luciano.
Gino - thought to earn around £2million a year - also put £821,494 into bricks and mortar in his new property investment firm.
The Family Fortunes host is all about investing his hard-earned cash and even set up an investment company to rent and buy and sell real estate.
Accounts for his firm Gino D’Acampo Holdings shows that he has a total of £1.65 million in investments – which includes £821,494 in property.
The firm also holds £1million in cash.
Another of his companies, Gino D'Acampo Ltd, banks the money he makes from being on TV, which includes £1.045 million.
Gino lives in a Grade II listed seven-bedroom townhouse in Hertfordshire and also has a holiday home in Sardinia.
The charismatic personality also has an impressive car collection - including two flashy Ferrais and a Porsche.
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He said in an interview with OK! : "I drive... I own a couple of Ferraris, like many Italians, as well as a Porsche, big jeep and Harley Davidson.
"I rarely drive, however, because I enjoy a drink. I employ a driver instead."
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