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TOWIEs Mick Norcross £6m fortune dropped to £42k after staggering debt and tax

TOWIE's Mick Norcross reportedly had his £6million fortune dwindled to just £42,000 due to debt prior to his death.

The 57-year-old died in January 2021 after taking his own life where he was found at home.

His estate, which was previously a whopping fortune of £6million, was cut to just £42,831 once taxes, debts and other financial matters were sorted.

In documents sourced on the government website relating to Willow Restaurant and Bar Limited, which names Mr Norcross as a director following his appointment on October 16, 2008, it states there were four outstanding loans to Barclays Bank.

The four loans on the business were created between 2005 and 2016 and remain outstanding, as per the government website.

Documents also state that resolutions to wind up was first issued on August 9 2019, with liquidators appointed the same month.

In December 2020, the month before Mick's untimely death, the final meeting with the creditors' took place and on March 14, 2021, the company was dissolved following liquidation.

The company, owned by Norcross, had claims totalling £554,503.55 from nine creditors and reportedly £22,000 to the taxman.

In additional probate files seen by The Sun, Norcross' previous £5.93million estate was reportedly cut to £42,381 after taxes, debts and other financial matters were dealt with.

As he did not leave a will, the remainder of his money goes to his ex-wife Kerry, the publication claimed.

Mick, who famously appeared on TOWIE between 2011 and 2013, was said to be battling money problems when his son, Kirk, found him hanged in his mansion in Essex.

CCTV showed Kirk forcing entry into the house by smashing windows before entering the house at 3.01pm and emerging minutes later looking upset.

At the time, sources told The Sun that he had lost out on a property deal worth £1.5million.

An inquest was told in July that Mick had been struggling with debts and told his son Kirk that "the money is not worth the agg", telling his son "I'm better offing myself."

It heard that Kirk had to "make damage to the property to get inside".

The coroner's verdict of death was suicide.

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