Phillip Schofield once earned more than £1 million a year as one of British daytime television’s most recognisable presenters. Three years after his dramatic departure from ITV, however, the financial picture surrounding his media business looks very different.

His company, Fistral Productions, added just £7,248 to its reserves during its latest financial year, according to its accounts.

The figure marks a striking change for the former This Morning presenter, who spent two decades at the centre of ITV’s flagship daytime programme before leaving in May 2023.

Schofield, 64, stepped down after admitting he had lied about an affair with a much younger male colleague. The revelation brought an abrupt end to a television career that had made him a familiar face to millions of viewers.

From millions in assets to a much smaller operation

Companies House records show that Fistral Productions was in a considerably stronger financial position before the Covid era.

The company previously held more than £3 million in assets and was adding hundreds of thousands of pounds to its finances each year.

Its latest accounts paint a very different picture. They also indicate that the company, controlled by Schofield alongside his estranged wife Stephanie, 62, no longer has the employee it previously had.

The financial difficulties extend to another business associated with the couple.

Fistral Properties is reported to have £96,470 in debt, despite owning an investment property purchased for £861,000.

Schofield still has a £2 million London home

Despite the dramatic reduction in his television income and the fortunes of his production company, Schofield continues to live in a property reflecting his years of success.

He owns a six-bedroom home in Chiswick, west London, which he bought for £2 million in August 2020.

The property also has electric gates as part of its security measures.

Schofield’s financial position today therefore sits in sharp contrast with the peak of his television career, when lucrative presenting work helped make him one of the highest-profile figures in British daytime television.

A brief return to television

Schofield made an attempt to return to television in 2024, when he appeared in Channel 5’s Cast Away.

The three-part programme put him alone on a remote island off the coast of Madagascar for ten days, where he documented his experience of isolation and reflected on the events that had brought his career to an abrupt halt.

The programme became an opportunity for Schofield to discuss his departure from ITV and his feelings about former colleagues. He also criticised people he felt had failed to support him following his fall from television prominence.

His family featured in the programme as well, including his wife and daughters Molly, 33, and Ruby, 30.

Schofield maintained that his family’s love for him had never wavered. His return to television came more than a year after he had left This Morning.

His daughters have kept a low profile around him

Molly and Ruby have remained largely absent from their father’s public social-media presence in recent years.

Molly previously worked as a talent agency manager, but left her job after her father’s affair became public. She later took on a role as his de facto publicist.

Neither daughter has featured Schofield prominently on her public Instagram account in recent years.

Molly’s most recent photograph of her father dates back to July 2018, while Ruby’s only post featuring him was published in June 2014.

Their limited presence on his social media stands in contrast to the prominent role family members played during his Cast Away comeback.

A much quieter social-media presence

Schofield’s own Instagram account has also become notably sparse.

He follows only eight accounts, among them Formula 1 drivers Lewis Hamilton and Lando Norris.

The list also includes Dawn French, who is the only showbusiness friend among the accounts he follows.

For someone who spent years at the centre of British television, Schofield’s public life is now considerably quieter. His television career, once worth more than £1 million a year, has largely disappeared from the schedules, while the latest accounts for his production company show just how sharply his business fortunes have changed.