London, Jul 3 Brit celebrity chef Gordon Ramsay has revealed that he sees a better future for his global restaurant empire, even though the ongoing recession has hit him hard, and his profits have dropped down to 87 percent. Ramsay's debts have doubled from 4million pounds to 9.5million pounds, with interest payments rising to 545,563 pounds.

His accounts show that his profits have gone down from 3million pounds to 383,205 pounds. "Yes it's been a difficult year. But it's not as if prime ministers, presidents and heads of banks didn't have to deal with the global downturn, which has affected our foray into other countries," the Daily Star quoted Ramsay, 42, as saying.

"We have restructured the business and I am confident we are in a strong position going forward.

"We are back on solid ground and I am very confident we have a bright and profitable future ahead of us, particularly looking ahead to the re-opening of Petrus in the autumn and The Savoy Grill early in the New Year," he added. (ANI)