He was recently revealed to have furloughed staff at his start-up low alcohol drinks firm, despite being worth an estimated £3million.
And Spencer Matthews looked in good spirits as he enjoyed a day out with his wife Vogue Williams and their son Theodore, two, in
The couple, who are also parents to daughter Gigi, seven months, were joined by Vogue’s brother Alexander on the afternoon outing.
Couple: Spencer Matthews and Vogue Williams looked in good spirits as they enjoyed a day out with their son Theodore, two, in London on Monday
Vogue, 35, wrapped up in a black padded jacket as she pushed Theodore in a buggy.
The Heart Radio presenter also sported white trousers along with matching trainers and a pair of shades.
The reality star completed her look for the day by styling her blonde locks into a ponytail.
Spencer, 32, also opted for a laid back look, sporting a navy bomber jacket along with a pair of tan trousers.
Outfit: Vogue wrapped up in a black padded jacket as she pushed Theodore in a buggy
Stroll: The couple, who are also parents to daughter Gigi, seven months, were joined by Vogue’s brother Alexander on the afternoon outing
The outing comes after James Matthews and his Made in Chelsea star brother Spencer have both been claiming taxpayers’ money to furlough staff, MailOnline has learned.
Hedge fund boss James, 45, is believed to have been using the government handouts to pay the six employees of his Scottish shooting estate, Glen Affric.
Younger brother Spencer, worth an estimated £3m, has also furloughed staff at his start-up low alcohol drinks firm, The Clean Liquor Co, established in June 2020.
The state-funded Coronavirus Jobs Retention Scheme (CJRS), running since the first lockdown almost a year ago, is designed to help cash-strapped employers survive the lean months of the pandemic, but eyebrows will be raised at two such high net worth individuals taking advantage of the public money.
Style: The Heart Radio presenter also sported a pair of white trousers along with matching trainers and a pair of shades
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Looking good: The reality star completed her look for the day by styling her blonde locks into a ponytail
Casual: Spencer also opted for a laid back look, sporting a navy bomber jacket along with a pair of tan trousers
Both companies appear on the government’s published list of firms which made use of the furlough scheme during December, but previous months have not been made public.
Under the CJRS, furloughed workers receive 80% of their wages, up to £2,500 per month. The government website did not reveal what staff at both Matthews companies earn.
The Clean Liquor Co. Ltd lists Spencer as its only director and was only incorporated in June 2020. However, before setting up the limited company he received an investment from a US venture capital firm for £1.45m.
Old Etonian Spencer, who became famous on the upmarket reality show MIC, recently became teetotal, and set up his firm to produce low and no-alcohol ‘rum’ and gin as a healthy alternative to traditional spirits.
Decision: The outing comes after Spencer was recently revealed to have furloughed staff at his start-up low alcohol drinks firm, despite being worth an estimated £3million
Spencer is also a director of the Eden Rocks gems business, with jeweller Neil Duttson, which he launched in 2019 after helping design an engagement ring for Vogue.
No accounts are publicly available for the Clean Liquor Co. yet due to its recent incorporation.
Racing driver-turned city trader James, who was privately educated at Uppingham School, married the Duchess of Cambridge’s younger sister Pippa in 2017, having proposed with a 3.5 carat £200,000 diamond ring the previous year.
James, who has also spent lockdown in the capital with his wife, is set to inherit the Scottish courtesy title of ‘Laird of Glen Affric’ which came with the 10,000-acre estate of the same name near Inverness that his father bought in 2008. James is listed as managing director of Beaufort Glen Affric.
Business: Spencer’s older brother James, 45, is also believed to have been using the government handouts to pay the six employees of his Scottish shooting estate, Glen Affric
The estate’s website lists six employees at Glen Affric, and it is believed they are the furloughed workers, as due to the lockdown, paying guests would no longer be able to hire the impressive mansion for shooting parties or other occasions.
One of James’ smaller companies, Beaufort Glen Affric Ltd, based in Inverness, was in the red to the tune of £9.95m, according to the latest published accounts in 2019. It is this company, believed to handle the running of the Glen Affric Estate, which has claimed under the CJRS.
Having launched his own hedge fund company, Eden Rock Capital Management Group – named after his father David’s exclusive £1,000-a-night hotel in St Barths – in 2017, James was estimated to be ‘close to’ to being a billionaire by founder of the Wealth Quotient website, David Friedman. More recent estimates of his wealth have put it at up to £2bn.
He owns a £3m private jet and bought a six-bedroomed, £17m house in 2014, which boasts a car-stacking garage in the basement, along with an underground home cinema and a lift.
Staff: Spencer, worth an estimated £3m, has also furloughed staff at his start-up low alcohol drinks firm, The Clean Liquor Co, established in June 2020
The CJRS scheme was launched on March 20, 2020, initially for three months, then extended several times and will now run until the end of April 2021.
Initially the scheme was only for those workers who were on their company’s payroll on or before 28 February 2020; this was later changed to 19 March 2020, making 200,000 additional workers eligible. On the first day of operation 140,000 companies applied to use the scheme and its cost has been estimated at £14 billion a month to run.
Spencer dropped out of a degree in Film and Television at the University of Southern California and went on to dabble in nightclub promotion for London clubs such as Prince Harry’s favourite, Boujiis, before going to work as a foreign exchange broker.
Spencer and James’ brother Michael died at the age of 22 when descending Mt Everest. Both the brothers are directors of the Michael Matthews Foundation, a charity in his memory which supports education projects in Asia and Africa.
Couple: Racing driver-turned city trader James, who was privately educated at Uppingham School, married the Duchess of Cambridge’s younger sister Pippa in 2017, having proposed with a 3.5 carat £200,000 diamond ring the previous year
A spokesperson for James Matthews and Spencer Matthews declined to comment when approached by MailOnline.
When Victoria Beckham was revealed to have been using the furlough scheme for 30 staff at her fashion company last year, she swiftly performed a U-turn and handed back the cash.
Victoria whose combined £335m fortune with husband David, is a fraction of that of James Matthews’ wealth, was said to be ‘devastated’ by the public reaction to her using the scheme.
Company: Spencer and Vogue married in 2018 and have spent lockdown in London. No accounts are publicly available for the Clean Liquor Co. yet due to its recent incorporation