Accounts filed to Companies House on September 23 reveal that Seafood Trading Ltd, one of Stein’s key businesses based in Padstow, Cornwall, recorded a pre-tax loss of £1,146,000 for the year. Another company under the Stein umbrella, Stein’s Trading Ltd, also reported a pre-tax loss of £290,000. Rick Stein's coffee shop at 1 Lanadwell Street, Padstow has closed(Image: SWNS)The financial report comes amid wider struggles for the Rick Stein Group. Stein’s coffee shop at 1 Lanadwell Street in Padstow – a town often nicknamed ‘Padstein’ due to Stein’s long-standing presence – has permanently closed. While Stein’s presence has boosted tourism, it has also driven up property prices and made it harder for local businesses to compete.