Simon Cowell looks dishevelled as he heads home following red carpet return at the Music Industry Trusts Award... after The X Factor receives its record LOWEST ever audience

The ITV show drew in 4.3 million viewers on Sunday - its lowest ever viewing figure since it began in 2004
A spokesperson for the show said: 'This series of The X Factor is consolidating at an average of seven million viewers per episode based on the current ratings system. This does not include either repeats or any non-linear viewing'

Published: 00:10 GMT, 7 November 2017 | Updated: 11:34 GMT, 8 November 2017

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Simon Cowell looked somewhat dishevelled as he left the Music Industry Trusts Award on Monday night.

Ditching his jacket, the music mogul, 58, appeared slightly bleary-eyed as he headed home from the star-studded event, held at London's Grosvenor House.

The Syco owner still appeared to be in good spirits however as he playfully posed for cameras and bid his fellow guests farewell - despite The X Factor receiving its lowest ever audience of 4.3 million on Sunday.

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Good night? Simon Cowell looked somewhat dishevelled as he left the Music Industry Trusts Awards on Monday night

Homeward bound: Ditching his jacket, the music mogul, 58, appeared slightly bleary-eyed as he headed home from the star-studded event, held at London's Grosvenor House

The father-of-one cut a more casual figure as he made his exit, with his smart blazer draped over one arm.

Clearly relaxed after his night out, he left his shirt unbuttoned to the middle and flashed a smile at cameras, as he made a bleary-eyed departure from the bash.

Still in good spirits from the evening however, Simon was seen bidding a number of guests farewell with a warm hug, as he headed to his car.

Casual: The father-of-one cut a more casual figure as he made his exit, with his smart blazer draped over one arm

Relaxed: Clearly relaxed after his night out, he left his shirt unbuttoned to the middle

Ready for bed? Simon appeared slightly bleary-eyed as he left the Grosvenor House Hotel

Feeling good: Simon flashed a smile at cameras, as he made his departure from the bash

Lovely to see you: Still in good spirits from the evening however, Simon was seen bidding a number of guests farewell with a warm hug

On the carpet, Simon had looked far more well-rested as he posed for cameras, following his recent horror fall down the stairs.

The music industry event recognises the best talent in the UK music business, in aid of charities Nordoff Robbins and Brit Trust.

Simon donned a tailored navy pinstriped suit, undoing a few buttons to flash a hint a chest.

Feeling good: Simon happily chatted to a number of guests on his way out

Back to his best: He certainly looked healthier and happier following his horror fall down the stairs last week

On the mend: On the carpet Simon had looked well-rested as he posed for cameras - following his fall, which occurred when he fainted

Sporting his trademark wide fitting trousers and Cuban heels combo, Simon showed off his salt and paper facial hair and lightly sun-kissed skin as he posed for pictures.

And nodding to British servicemen and woman, past and present, Simon wore a subtle red poppy pin on his lapel, ahead of Remebrance Sunday.

Simon cut a relaxed figure at the industry do, despite recent reports he had just two years to turn The X Factor's fortunes around or else it would be axed.

Relaxed: The X Factor supremo left his shirt un-tucked at The Music Industry Trusts Award, held at Grosvenor House Hotel

Sunday night's show received only 4.3 million viewers - marking its lowest ever viewing figure since it first began in 2004.

The show fell far behind its rival Strictly Come Dancing, which drew in more than 11 million as favourite Aston Merrygold was voted out in a shock dance-off.

However both reality shows were trounced by the BBC's Blue Planet II, which hauled in a mammoth average of 10.8 million across its second hour-long episode.

Suave: Simon donned a tailored navy pinstriped suit, undoing a few buttons to flash a hint a chest

According to the Daily Star, ITV bosses are even considering axing the famous singing competition in two years' time if ratings do not improve.

A source told the paper: 'The show's latest ratings are embarrassing. It used to be one of the real jewels in the crown for ITV.'

However, an X Factor spokesperson told MailOnline: 'This series of The X Factor is consolidating at an average of seven million viewers per episode based on the current ratings system. This does not include either repeats or any non-linear viewing via computer or mobile phone.'

Meanwhile Simon looked back to full health at the event, after being stretchered out of his London mansion to hospital in a neck brace last week.

Strike a pose: Sporting his trademark wide fitting trousers and Cuban heels combo, Simon showed off his salt and paper facial hair and lightly sun-kissed skin as he posed for pictures

The mogul had been going to get a cup of hot milk to help him fall asleep, when he fainted and fell down the stairs.

He looked dazed as he arrived home that afternoon, looking slightly dishevelled in tracksuit bottoms and trainers.

Speaking at his front door he said: 'I fainted and fell down the stairs. I've got a bit of concussion. I feel better now.' He also thanked fans for their 'concern'.

Classy touch: Nodding to British servicemen and woman, past and present, Simon wore a subtle red poppy pin on his lapel, ahead of Remembrance Sunday.

Hugs: Camila Cabello and Simon posed together at the 26th annual Music Industry Awards

And it seems after the drama subsided, the music boss was keen to overhaul his exercise regime.

He is said to be launching into a fitness kick and is reportedly splashing out on seven electric bicycles at a cost of almost £60,000 so he can cycle to and from work.

Simon underwent a series of blood tests after passing out and tripping at home last Friday and as a result is keen to get fit whilst doctors examine the cause of his fainting.

Old pals: Paloma Faith cut a happy figure alongside Simon as the party got underway

Chic: Jo Whiley looked a million dollars in a futuristic metalic-look dress as she spoke onstage

Known to be a bit of a petrol head - with a fleet of cars including a Bentley, Rolls, Bugatti Veyron and an Aston Martin DB9 - Simon's latest investment is a little more environmentally friendly.

Whilst the four mile round trip to work is hardly arduous - especially given the bike is electronically powered - the X Factor mogul believes he has already seen an improvement in his fitness.

Simon has been out of action all week and reportedly convalescing out of London.

The accident: The star was stretchered out of his London mansion to hospital in a neck brace after the accident while going to get a cup of hot milk to help him fall asleep

First for everything: The accident forced Simon to pull out of his judging duties on The X Factor for the first time in thirteen years

On the mend: Speaking at his front door the following day, he said: 'I fainted and fell down the stairs. I've got a bit of concussion. I feel better now.' He also thanked fans for their 'concern'

Keeping strong: He is said to be launching into a fitness kick and is reportedly splashing out on seven electric bicycles at a cost of almost £60,000 so he can cycle to and from work