Ant Anstead addressed his car company Radford Motors’ financial troubles shortly after news broke that the business filed for Chapter 11 bankruptcy. In a statement to People on Thursday Anstead said he will remain “fully committed” to the company despite its current “challenges.

British TV host Ant Anstead, who is the boyfriend of Renée Zellweger and ex of HGTV star Christina Haack, spoke to PEOPLE about his dreams for his bespoke carmaker Radford Motors in 2023. The company filed for Chapter 11 bankruptcy on October 22,

Radford Motors, the luxury sports car startup co-founded by Formula 1 champion Jenson Button and TV presenter and mechanic Ant Anstead, has filed for Chapter 11 bankruptcy just three years after its launch.