Long-serving Coronation Street actor Simon Gregson is reportedly facing the potential sale of his home as part of ongoing efforts to resolve significant financial difficulties. The 51-year-old star, who has played Steve McDonald on the ITV soap since 1989, is repaying a substantial loan taken from his now-defunct production company.
The Financial Breakdown: Loans, Liquidation, and a £165,000 Bill
According to reports, Gregson's financial troubles centre on Simon Gregson Productions Ltd, which he liquidated in 2023. The company had an outstanding director's loan of £250,000. Following the winding-up process, the actor was left with a debt of £165,000, owed to both HM Revenue & Customs and Coutts bank.
He has been repaying this sum in monthly instalments of £1,500. A new report from liquidators Begbies Traynor, cited by The Sun, reveals that £18,000 has been repaid over the last twelve months. However, the liquidator has advised that after a 36-month period, any outstanding balance must be settled from the proceeds of a property sale.
Further complicating matters, the liquidation of Simon Gregson Productions Ltd reportedly cost £51,000, despite an initial cap of £44,000 being in place. The liquidators stated they have been "unable to conclude our duties" due to the outstanding balance, meaning the administration will continue.
Personal Life Confusion and Career Reflections
Amid these financial struggles last year, Gregson was forced to publicly refute claims that he had split from his wife, Emma Gleave. The confusion arose when court documentation related to the repayments referred to Emma as his "estranged wife".
A source close to the couple clarified to The Mirror at the time, "Simon and Emma have not split and are still very much together. Simon has no idea why Emma is listed as his 'estranged wife' in financial paperwork," attributing it to a court error.
Gregson first joined the cobbles of Weatherfield in December 1989 at just 15 years old. In a past interview, he reflected on the intense pressure of sudden fame, contrasting the lack of support he and co-star Nicholas Cochrane received with the structured guidance given to new cast members today.
What Happens Next?
The actor's financial future now appears tied to the value of his property. With the repayment plan set against a strict timeline, the potential sale of his home looms as a possible requirement to finally clear the debt owed to HMRC and the bank. Representatives for Simon Gregson have been contacted by the Daily Mail for comment regarding the latest reports.
