forgot password?
remember me

new food & trends

Add a Reply
Topic Message

Chefs Calculator

message posted 03-Mar-09 12:43:14
Chefs !

The new Calculator tool is ready, please try out and give us some feedback.
This should make life a little easier.

Chefs Tools :

message posted 05-Mar-09 07:41:28
Yes very useful. Will all our precious recipes get stored in somebody's files tho?

Perhaps I could use it to work out how much 4.5% discount really comes to in Mr Ramsey's generous offering to out of work chefs.....
(see This is Wrong! topic)
message posted 05-Mar-09 07:57:16
Morning Bread and Cheese

Recipes get stored under your Username and password in the Database.

When things really get going we are thinking of adding a tick box if you want to share your recipes. The idea behind this is not really the recipe but the costings and who the supplier is etc

Kind of like a wikipedia but for recipes, costings and supplier prices.

But thats a long way off, just long term thinking.

Oh how we love Gordon !! perhaps he could calculate how fast his empire is crumbling.
message posted 05-Mar-09 09:06:40
He he! Guess he keens us talking.
message posted 05-Mar-09 09:07:37
Sorry - that should have been keeps!
message posted 06-Mar-09 07:52:36
Hi BreadandCheese

We were joking about Ramsay using the calculator.

Found this in the Guardian.

For more than a decade it has proved to be an extremely successful recipe: take one fiery Scottish chef, fold in 11 big-name restaurants and several million pounds and the result is a concoction that has turned Gordon Ramsay into a globally recognised brand.

But yesterday it emerged that the formula may not be quite as lucrative as it once was for the chef, who appears to be having trouble with a different sort of F-word - his finances.

According to accounts filed yesterday, his main company, Gordon Ramsay Holdings, has breached its banking covenants - promises made to lenders to secure a loan. Ramsay and his chief executive Chris Hutcheson, who is also his father-in-law, have had to promise to help the company pay its debts if necessary.

The company controls Ramsay venues at the Claridges and Berkeley hotels, together with the chef's eponymous restaurant on the Royal Hospital Road, Maze in Grosvenor Square and Ramsay's pub in Narrow Street in London's East End.

While the company revealed climbing sales and profit, GRH says in a note to the accounts that it "has breached some of its financial covenants" and is in talks to ensure its loan agreements continue. "The group has held discussions with its bankers about its future borrowing needs and is looking to agree terms in this connection," it says. The company says the talks are "progressing positively".

GRH has a 10.5m banking facility with Royal Bank of Scotland. At the time of the accounts - August 2007 - it owed its banks 3.4m, but that figure is now out of date and may have risen sharply.

Ramsay may be quick to lose his temper, but his company is often slow to produce accounts. The latest set run until August 2007 and were filed six months after the deadline. They cover the year before the credit crunch set in and before his investment banker clientele started to see bonuses and expense accounts cut.

The previous year's set of accounts went into Companies House last autumn - 16 months after the final deadline, making them two and a half years out of date. The tardiness led to a fine. The latest figures, however, were signed off by Ramsay and Hutcheson only last week.

In what accountants say is an unusual move, Ramsay's holding company has lent 4.4m to his venture in the US, even though it is not a subsidiary of the company and it has not paid any of the 30,000 interest due on the loan. The chef has outlets in New York and Los Angeles.

The holding company has also granted loans to Ramsay and his father-in-law, of 80,000 and 530,000 respectively. In a complex arrangement, the two men have also given personal guarantees of 1.6m and 500,000 to secure bank loans.

One accountancy expert expressed surprise at the arrangement. "It is unusual to have loans to directors and I am surprised that amount of money has been lent to the US to a company that does not appear to be a subsidiary."

He added: "It looks like they have expanded a lot, and done it by increasing bank debt in the UK at a time when the economy has problems."

A spokesman for Ramsay yesterday failed to return calls to clarify the position.

The accounts also show the restaurant empire owes its suppliers about 5m.

Ramsay, said to be the highest earning chef in the world with a fortune estimated at 60m, appears to have granted himself a pay rise, taking his salary from 845,630 to 1,117,819. The bulk of his earnings come from TV deals on both sides of the Atlantic, cookery books and licensing arrangements to use his name.

On Tuesday Ramsay, who lives in Wandsworth, was awarded two Michelin stars for his first French restaurant - Gordon Ramsay at Trianon, in Versailles - becoming the first British chef to be awarded two stars for a restaurant in France and taking his total to 12.

He he
message posted 06-Mar-09 08:46:23
Judging by these figures I doubt he knows how to use the calculator - had he have done, it would have denied us all more fun at his expense....!
message posted 20-Apr-09 17:10:53
Hey BreadandCheese

Now we know why he cant use a calculator, because all his food is mass produced in a catering kitchen and then shipped in.

Oh how the mighty has fallen.

message posted 21-Apr-09 19:17:00
Aaahhh - that explains why he bought into the cookery school (the one offering a very generous 4.5% discount to out of work chefs) ...... this just proves it (along with his "starred" restaurants dropping off top planet 100 today) he can't cook ! He has to buy it all in !!! My word how he must have conned those Michelin guys and gals......and everyone else conned into paying a fortune for a dressed up take away......
Page:  [1] [2]  Next Page»

Follow us on Twitter  Follow us on Twitter Find Us on Facebook
© ChefsWorld   |  Terms of Use |  Site map  |  Web Design by OS3