Phillip Schofield’s financial decline post-ITV fallout

By the Editorial Team · Sunday, September 13, 2026

Phillip Schofield is experiencing serious financial struggles after leaving ITV in 2023 amid a scandal over a dishonesty about a relationship with a younger colleague. His companies have seen significant declines in assets and profits, prompting him to seek a public comeback through reality TV, while his family remains his primary source of support.

Phillip Schofield, once a mainstay of British daytime television earning over £1 million annually, is facing significant financial challenges three years after his departure from ITV. The 64-year-old presenter stepped down from his role on "This Morning" in May 2023 following revelations that he had lied about an affair with a younger male colleague.

Financial records reveal a marked decline in Schofield’s business ventures since his fall from public favor. His media company, Fistral Productions, recorded a modest addition of just £7,248 to its reserves in its most recent financial year—a sharp contrast to its pre-pandemic performance, when the company held over £3 million in assets and reported annual additions in the hundreds of thousands. The company, co-controlled with his estranged wife, Stephanie, 62, also reportedly eliminated its only employee last year.

Another business under their joint control, Fistral Properties, is currently £96,470 in debt despite acquiring an investment property valued at £861,000. The couple’s financial difficulties reflect a broader reversal in fortune for Schofield, who previously maintained a high-profile lifestyle, including ownership of a six-bedroom home in Chiswick, west London, purchased for £2 million in 2020, equipped with electric security gates.

In an effort to revive his public career, Schofield appeared in Channel 5’s "Cast Away" in 2024, documenting a ten-day solo stay on an island near Madagascar. During the show, he criticized former colleagues, accusing them of abandoning him amid his personal scandal. His family—wife Stephanie and daughters Molly, 33, and Ruby, 30—also appeared on the program. Schofield emphasized that his family’s support has remained constant despite the turmoil.

Since the affair became public, Molly Schofield left her role as a talent agency manager and has taken on a public relations role for her father. However, neither daughter has prominently featured their father on social media in recent years, with Molly’s last photo of him dating to 2018 and Ruby’s last post including him from 2014. Phillip Schofield’s own Instagram presence is limited; he follows just eight accounts, including a small number of celebrities such as Formula 1 drivers and comedian Dawn French.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.