Simon Gregson could reportedly be forced to sell his home if he doesn't pay back a £250,000 loan he took from his production firm.
The Coronation Street actor, 50, must repay Simon Gregson Productions a sum of £1,500 per month, according to official papers seen by The Mirror.
The paperwork reportedly states that Simon and his wife Emma Gleave - who have been married for 14 years - are no longer together.
The report stated they have three years to pay back their loan and if they fail to do so, it had been agreed they would sell their family home.
The report reads: 'The Director had an overdrawn loan account of £252,824. The analysis also revealed that this money was removed from the Company’s bank account and paid into Mr Gregory’s joint bank account with his estranged wife. Therefore, any claim would be addressed to both individuals.'
Simon liquidated Simon Gregson Productions Ltd in 2023, owing £165,000 to HMRC and Coutts bank at the time for a Covid bounce back loan.
Simon Gregson could reportedly be forced to sell his home if he doesn't pay back a £250,000 loan he took from his production firm
The Coronation Street actor, 50, must repay Simon Gregson Productions a sum of £1,500 per month, according to official papers seen by The Mirror (pictured with wife Emma in 2017)
MailOnline has contacted a representative of Simon Gregson for comment.
The actor first appeared on Corrie in December 1989 when he was just 15-years-old, and instantly became a household name as millions of viewers tuned in to watch his exploits as tearaway teen Steve McDonald.
But the star admitted that shooting to fame on the soap had a detrimental effect on his mental health.
Speaking to YouTube channel DEEP, Simon discussed the impact joining the show at that time had on him, revealing that the thought of his own kids going through what he went through makes him very 'upset'.
Speaking about his and co-star Nicholas' rise to fame, he shared: 'We were massive overnight and it was very odd and it was hard to compute for a young man. But there was no help!'
Simon went on to say that nowadays when people are cast on the soap, they are sat down and have the implications of being on TV explained to them, with the show informing them about things like press interest, fan reactions, the impact on families and potential criticism of the role.
He added: 'But with us, there was nothing. So we were kind of dropped in the middle of the ocean at fifteen and left to swim to shore.'
On how he suffered mentally as a result, Simon continued: 'It had a massive impact on my mental health, looking back. It makes me very upset for the only reason that I've got kids the same age now and the thought of them going through what I went through is horrible. It's not nice.'
The paperwork reportedly states that Simon and his wife Emma Gleave - who have been married for 14 years - are no longer together (pictured in 2010)
The report stated they have three years to pay back their loan and if they fail to do so, it had been agreed they would sell their family home (pictured in Coronation Street)
Coronation Street bosses are reportedly facing a stars' revolt after five actors recently left the soap.
All is not well in Weatherfield as some of the show's mid-ranking actors and younger stars are said to be worried they'll be axed in a bid to save money.
According to The Sun, some of the younger stars fear they'll be written off the show in order to keep established stars like Bill Roache and Jack P. Shepherd on board.
A source said: 'There's a WhatsApp group which has been pinging with messages about concerns of where the axe will fall next.
'It's a tough time on the soap and it's filtering down. There is a feeling more people will be cut to save money and to keep the best paid stars like Bill Roache and Jack P Shepherd on board.'
The insider added that cast members have also complained about the long working hours.
Coronation Street bosses are reportedly facing a stars' revolt after five actors recently left the soap (Colson Baker is set to depart the series this year)
All is not well in Weatherfield as some mid-ranking actors and younger stars are said to be worried they'll be axed in a bid to save money (Charlotte Jordan recently left the show)
They added: 'Filming is tough. One person moaned they were 'worked like dogs'. The days of bumper pay are gone.'
MailOnline has contacted representatives of Coronation Street for comment.
Salaries on Coronation Street vary significantly with the likes of Bill Roache said to earn £2,000 per episode while newbies usually get £400 per appearance.
Soaring TV production costs and a collapose in advertising revenue are said to have put the future of the ITV soap in jeopardy.
An insider has claimed some of the show's well known actors could see their scenes in the Rovers Return cut in a bid to save money.
It comes after Charlotte Jordan announced she was leaving the show after five years, following the likes of Sue Cleaver, Colson Smith and Helen Worth.
