Business

Sunday 31 August 2014

Losses at celebrity gardener Gavin's companies rose by €73,000 in 2011

Losses at celebrity gardener Gavin's companies rose by €73,000 in 2011

Gordon Deegan

Published 22/03/2013 | 05:00

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Diarmuid Gavin saw losses at his companies widen in 2011.

CELEBRITY gardener Diarmuid Gavin saw losses at his companies in Ireland and the UK increase by €73,000 in 2011.

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The author and TV presenter was embroiled in controversy back in 2011 arising from plans to locate his award-winning Irish Sky Garden to Cork city's Fitzgerald Park. He later spoke of financial hardship.

New accounts filed by the UK-based Diarmuid Gavin Designs Ltd and the Irish-based Diarmuid Gavin Designs Ireland Ltd show deteriorating finances.

The figures for the UK firm show accumulated losses rose £47,253 (€55,484) to £150,517 in 2011, with losses at Diarmuid Gavin Designs Ireland up €17,537 to €77,926 in the year to August 2011.

The UK firm had £239,844 owed to creditors within one year with current assets comprising of debtors totalling £79,626 and cash of £422. The firm had a shareholders' deficit of £150,515.

Creditors

The figures for the Irish firm show that the amount owed to creditors within one year increased from €62,216 to €153,380.

The amount owed to the firm by debtors increased from €18,279 to €70,973. The firm's shareholders deficit totalled €77,924.

Mr Gavin won the gold medal at the prestigious Chelsea Flower Show in 2011. However, he later spoke of the financial troubles he faced while constructing the garden before he was eventually paid for the work.

The 48-year-old said: "We did nothing wrong, we couldn't get paid. I can't sustain a €500,000 garden at Chelsea. He added: "Our suppliers had taken out loans to build this garden and people were sleeping on floors wherever they could, but I couldn't pull out.

"People were squabbling over our contract, and who was responsible for what."

Irish Independent

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