Gino D'Acampo is having to wave goodbye to his grab and go venture My Pasta Bar.
Liquidators are being called in due to the business, which was founded in 2012, owing £4,939,332 to 49 creditors, reports The Mirror.
It is also thought the London based 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.
READ MORE: Gino D'Acampo under fire after he slams 'moron' parents for fussy eating kids
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.
The Mirror has 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, buy and sell real estate.
Accounts for his firm Gino D’Acampo Holdings shows 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.
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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