Tom Pellereau's business in debt and making thousands of pounds of losses

Tom Pellereau

Apprentice star Tom Pellereau has managed to survive the axe from the show for 10 weeks but it seems as though his luck doesn't translate to his business in the real world. According to the News Of The World, Tom's company has racked up debts and is continuing to make losses.

According to the newspaper the small limited company owes more than £15,000 and has yet to take a profit. A source told the tabloid: "This is a huge embarrassment for Tom. He's tried to keep this a big secret and hid it during the show.

"When Lord Sugar realises this, it won't reflect well on Tom. He may make out he's a successful businessman, but the figures speak for themselves."

Inventor Tom set up the company to give "advice about designing, prototyping, manufacturing and supplying to [other] inventors."

A spokesperson for a no credit check loans company warned against the business, telling the paper: "It appears the boasts of financial wizardry and business brilliance by Tom are hot air. The business history won't impress Lord Sugar. He will need to use all his business savvy to guide the winning candidate."

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Meanwhile a finanical expert told the Daily Star Sunday: "These balance sheets don’t look good at all. To say they’re in a dire situation is an understatement.”

A pal of the 31-year-old however said: "Tom saw The Apprentice as an attempt to boost his business career. He's just hoping that Lord Sugar will take a risk on him and see that he's got great potential."

"Tom understands the hard work that goes into a new business. He is also aware that companies take time to perform at a profit. M&P Consulting has never been refused credit.

"Tom is not ashamed of the fact that the company has debts which are, in fact, loans from the two owners. He's confident it will be profitable soon. Tom is determined to win The Apprentice and prove to Lord Sugar that he will make a fantastic business partner."

Tom is going head to head with Helen Milligan, Jim Eastwood, Natasha Scribbins and Susan Ma for a place in next week's Apprentice 2011 final.

The Apprentice 2011 continues this Wednesday on BBC One at 9PM.

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