Jamie Oliver took £5.2m payout from business empire prior to restaurant collapse

Jamie Oliver took a £5.2 million payout from his food and media empire last year prior to the collapse of his UK restaurant business, which resulted in around 1,000 job losses.

Profits dived at Jamie Oliver Group last year after it was hit by £9.8 million in costs related to the celebrity chef's attempts to prop up his ailing UK restaurant arm.

The figures were revealed in new accounts for his business empire, which excludes the accounts for the collapsed UK restaurant business, which dived into administration in May.

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Jamie Oliver: From Naked Chef to restaurant mogul
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Jamie Oliver: From Naked Chef to restaurant mogul
TV's 'Naked Chef' Jamie Oliver, in London, to launch the City And Guilds 'Future 100', a scheme that will see 100 people share a half a million pounds in grants, ranging from 2,000 to 10,000, which will help people change their lives through training and education. *21/08/00 Jamie Oliver is being targeted by the Government to work his culinary magic on dreary hospital food. * 23/08/00 The Naked chef will be coming to the rescue of struggling dinner party hosts in a new series as part of BBC2's autumn season, which is unveiled. In Friends For Dinner, Oliver and other top chefs like Gary Rhodes and Rick Stein will be going to the homes of ordinary people and helping them prepare a special meal.
Rede de restaurantes de Jamie Oliver à beira da falência
LONDON, ENGLAND - MAY 21: A general view of a branch of the "Jamie's Italian" chain of restaurants, near London Bridge on May 21, 2019 in London, England. More than 1,000 jobs are at risk after the chain of restaurants belonging to celebrity chef Jamie Oliver has been placed into administration. Just under forty restaurants including the Jamie’s Italian, Fifteen and Barbecoa brand are now at risk of closure. The business had been seeking buyers due to stiff competition in the market. (Photo by Leon Neal/Getty Images)
FILE PHOTO: Chef Jamie Oliver poses during a photocall at the annual MIPCOM television programme market in Cannes, France, October 15, 2018. REUTERS/Eric Gaillard/File Photo
Jamie Oliver (left) and Hugh Fearnley-Whittingstall on College Green, London, after giving evidence to the Health and Social Care Committee about child obesity. (Photo by Stefan Rousseau/PA Images via Getty Images)
KINGHAM, OXFORDSHIRE - AUGUST 26: Jamie Oliver reads a story to children in the Big Top at The Big Feastival at Alex James' Farm on August 26, 2016 in Kingham, Oxfordshire. (Photo by Tim P. Whitby/Getty Images)
KINGHAM, OXFORDSHIRE - AUGUST 26: Jamie Oliver reads a story to children in the Big Top at The Big Feastival at Alex James' Farm on August 26, 2016 in Kingham, Oxfordshire. (Photo by Tim P. Whitby/Getty Images)
British Chef and television presenter Jamie Oliver (rear) poses with school children in front of the Houses of Parliament during an open-top bus tour of London to promote Food Revolution Day on May 15, 2015. Jamie Oliver is calling for a global campaign to put compulsory practical food eduction on the school curriculum of the G20 countries. AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/Getty Images)
LONDON, ENGLAND - MAY 16: Jamie Oliver broadcasts a live cooking class from City Hall to school children across the globe as part of the third annual Food Revolution Day on May 16, 2014 in London, England. (Photo by Tristan Fewings/Getty Images)
LONDON, ENGLAND - MAY 16: Jamie Oliver joins children from St Paul's Whitechapel CE Primary school to celebrate the third annual Food Revolution Day on May 16, 2014 in London, England. (Photo by Tristan Fewings/Getty Images)
LONDON, ENGLAND - MAY 16: Jamie Oliver powers a blender by riding a bike as he joins children from St Paul's Whitechapel CE Primary school to celebrate the third annual Food Revolution Day on May 16, 2014 in London, England. (Photo by Tristan Fewings/Getty Images)
LONDON, ENGLAND - MAY 16: Jamie Oliver joins children from St Paul's Whitechapel CE Primary school to celebrate the third annual Food Revolution Day on May 16, 2014 in London, England. (Photo by Tristan Fewings/Getty Images)
Jamie Oliver's restaurant chain Jamie's Italian has appointed administrators, putting more than 1,000 jobs at risk. The business said it had appointed KPMG to oversee the process, with a more detailed announcement expected later on Tuesday.
CARSHALTON, UNITED KINGDOM - NOVEMBER 26: Prince Charles, Prince of Wales and chef Jamie Oliver (L) visit Carshalton Boys Sports College on November 26, 2012 in Carshalton, England. (Photo by Samir Hussein/WireImage)
Tv Chef Jamie Oliver Cooking Pizzas In The Childrens Society Garden At The Chelsea Flower Show, London. (Photo by Mark Cuthbert/UK Press via Getty Images)
Tv Chef Jamie Oliver Cooking Pizzas In The Childrens Society Garden At The Chelsea Flower Show, London. (Photo by Mark Cuthbert/UK Press via Getty Images)
Jamie Oliver on the beach outside his new Fifteen restaurant at Watergate Bay, Cornwall, which opens today. It's Jamie's third Fifteen restaurant - with the young chefs putting their training to the test by preparing a charity lunch for 126 people. (Photo by Barry Batchelor - PA Images/PA Images via Getty Images)
Jamie Oliver poses with his trainee chefs at his new Fifteen restaurant at Watergate Bay, Cornwall, which opens today. It's Jamie's third Fifteen restaurant - with the young chefs putting their training to the test by preparing a charity lunch for 126 people. (Photo by Barry Batchelor - PA Images/PA Images via Getty Images)
AMSTERDAM, NETHERLANDS - DECEMBER 14: Chef and restauranteur Jamie Oliver talks with chefs-to-be before launching "Fifteen Amsterdam", his new venue, after the success of his London venture, at Oossterlijke Handelskade on December 14, 2004 in Amsterdam, The Netherlands. The restaurant employs 15 previously unemployed young people aged between 16 and 23, and hopes to transform them into qualified chefs. As in London, the training programme is financed through restaurant profits and the Cheeky Chops charity. (Photo by Michel Porro/Getty Images)
AMSTERDAM, NETHERLANDS - DECEMBER 14: Chef and restauranteur Jamie Oliver talks with a chef-to-be before launching "Fifteen Amsterdam", his new venue, after the success of his London venture, at Oossterlijke Handelskade on December 14, 2004 in Amsterdam, The Netherlands. The restaurant employs 15 previously unemployed young people aged between 16 and 23, and hopes to transform them into qualified chefs. As in London, the training programme is financed through restaurant profits and the Cheeky Chops charity. (Photo by Michel Porro/Getty Images)
AMSTERDAM, NETHERLANDS - DECEMBER 14: Chef and restauranteur Jamie Oliver talks with chefs-to-be before launching "Fifteen Amsterdam", his new venue, after the success of his London venture, at Oossterlijke Handelskade on December 14, 2004 in Amsterdam, The Netherlands. The restaurant employs 15 previously unemployed young people aged between 16 and 23, and hopes to transform them into qualified chefs. As in London, the training programme is financed through restaurant profits and the Cheeky Chops charity. (Photo by Michel Porro/Getty Images)
TV chef Jamie Oliver shops for produce with a favoured veg seller in Borough Market in Southwark, London. Oliver holds his box of fresh artichokes in one hand an his very young daughter Poppy on a Saturday morning. James "Jamie" Oliver, MBE (born 27 May 1975) is a British chef, restaurateur and media personality, known for his food-focused television shows, cookbooks and more recently his campaign against the use of processed foods in national schools. He strives to improve unhealthy diets and p (Photo by In Pictures Ltd./Corbis via Getty Images)
Guests arriving for the launch of Jamie Oliver's new restaurant 'Fifteen' in London's Old Street. The restaurant is staffed by professional cooks and also fifteen unemployed young people who are being given the opportunity to work in the kitchens of the restaurant. * as part of a training programme. All profits form the restuarant will go to Cheeky Chops, a charity set up by Jamie Oliver to support the additional training of current and future intake of students. (Photo by Andy Butterton - PA Images/PA Images via Getty Images)
Jamie Oliver, The Naked Chef, winner of the Network Newcomer On Screen award, at the Royal Television Society Programme Awards 1999 at The Grosvenor House Hotel, in London's Park Lane.
Chef and presenter of the TV cookery show 'The Naked Chef' Jamie Oliver and his girlfriend arrive at The Royal Albert Hall in London, for the National Television Awards. (Photo by William Conran - PA Images/PA Images via Getty Images)
TV's 'Naked Chef' Jamie Oliver, in London, to launch the City And Guilds 'Future 100', a scheme that will see 100 people share a half a million pounds in grants, ranging from 2,000 to 10,000, which will help people change their lives through training and education. (Photo by Michael Walters - PA Images/PA Images via Getty Images)
TV's 'Naked Chef' Jamie Oliver, in London, to launch the City And Guilds 'Future 100', a scheme that will see 100 people share a half a million pounds in grants, ranging from 2,000 to 10,000, which will help people change their lives through training and education. (Photo by Michael Walters - PA Images/PA Images via Getty Images)
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Jamie Oliver's empire saw pre-tax profits slip 57.4% to £4.8 million in the year to December 2018 while earnings before tax and interest rose 4.9% against the previous year.

Paul Hunt, chief executive of Jamie Oliver Holdings, hailed the "resilient set of results", as the company "weathered" significant challenges in 2018.

"We are a commercial business with social purpose running through everything we do," he added.

"We have emerged from the past six months with complete clarity around our vision and values, as well as a renewed focus on what we want to achieve in the coming years."

Turnover declined 5.9% to £43.5 million as revenues in the company's media arm fell short of strong revenues in 2017, due to the success of his Five Ingredients book launch.

The company added that revenues in its licensing arm declined, although it secured new contracts with Shell and Tesco at the end of the year.

Meanwhile, the international restaurant business "performed well" in 2018, as it was boosted by the launch of 12 new restaurant sites, bringing its total portfolio to 62.

Jamie Oliver and his wife took £5.2 million in dividends from the overall group, although this represented a decline from £8.6 million in 2017.

The payout came prior to the collapse of his UK restaurant business, which resulted in the closure of 22 restaurants across the UK.

The collapse of Jamie's Italian left creditors facing losses of up to £83 million, according to the most recent administrators report. The Jamie Italian brand now only operates in the UK via a franchise at Gatwick Airport.

In August, the chef announced he is transforming his remaining business into an ethical "B corporation" that promises to consider the impact of its operations on its workers, suppliers, community and environment.

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