A restaurant co-owned by Ryan Giggs’ went bust owing almost £40,000 in wages to staff, it has emerged.
George’s Dining Room and Bar in Worsley, near Manchester, racked up debts of nearly £500,000, according to a Statement of Affairs about its collapse filed with Companies House.
Giggs opened the restaurant with school friends Kelvin Gregory and Bernie Taylor in 2014 after setting up RKB Ventures Ltd but it closed suddenly last month and never reopened.
The company went into voluntary liquidation last week, with A Statement of Affairs showing it owed a total of £495,145. That included £39,986 to 22 employees, almost £113,000 in tax and National Insurance to HM Revenue & Customs, £35,000 to Nat West Bank and more than £15,000 to British Gas.
Giggs himself was the second largest creditor, being owed more than £100,000, with Gregory owed more than £53,000 and Taylor almost £13,000.
Manchester United icon Giggs had previously spoken about how it had been one of his lifelong dreams to open a restaurant with Gregory and Taylor.
“We’ve known each other for 30 years, and we always said it would be great to do something like this together,” he said. “We’re all local lads and have lived in this area all our lives so we wanted to do something in Worsley and we think we’ve got a really different offering for the area.”
The same year as opening George’s, Giggs joined forces with fellow ‘Class of 92’ United legends David Beckham, Paul Scholes, Gary and Phil Neville and Nicky Butt to buy Salford City Football Club.
Giggs became the club’s director of football last year after stepping down as Wales manager in 2022 when he was accused of domestic abuse allegations. All charges against him were eventually dropped in July 2023.
His other business ventures include the GG Hospitality Group, which opened Hotel Football at Old Trafford, and then the Stock Exchange Hotel in Manchester city centre.
