Simon Gregson, best known for playing Steve McDonald on Coronation Street, is selling his car to help pay off a substantial tax bill. The 51-year-old actor is under an order to repay a loan totalling £252,000 and could lose his home.
His company, Simon Gregson Productions Ltd, went into liquidation owing £165,000 to HM Revenue & Customs and Coutts bank. A repayment of £252,000 was demanded from the firm's funds and paid into a separate account controlled by Gregson.
Liquidators have concluded there is no other option to recover the debts. Gregson is now selling his 2005 black Ford Fiesta via Hamspon Auctions to raise funds. The auction house shared the news on Instagram, noting entries include supercars and classic vehicles.
Following the transfer of £252,000 to Gregson's private account, he was instructed to repay £1,500 per month, with the balance due after 36 months from the sale of his home. A recent report shows he has repaid £18,000 over the past 12 months.
Liquidators Begbies Traynor stated they have been unable to conclude their duties due to the outstanding loan balance. The costs of winding up the business were around £51,000, with a £44,000 cap on expenses.
Gregson is also earning extra money by giving tours of the Coronation Street set at Media City in Salford, earning around £500 per tour. The company was liquidated in 2023.
