Wednesday 24 May 2017

EXCLUSIVE: Model Glenda Gilson could face jail

Ailish O’Hora

Model and TV presenter Glenda Gilson and her brother Damien could face jail after consistently refusing to comply with court orders in relation to the liquidation of their car company, Independent.ie has learned.

The company, Gilson Motor Co, is being wound down after racking up unpaid taxes of more than €140,000.

And despite repeated requests since last March, the duo have failed to file statements of affairs to the High Court.

Justice Mary Finlay Geoghegan said earlier today in court that Ms Gilson and her brother are “not compliant” with the rules and described the situation as “extremely serious.”

However, she added that “the motion for attachment and committal still stands.”

This means that both Ms Gilson, who owns 1pc of the car company and is a co-presenter of TV3’s celebrity programme Xpose, and her brother, could be committed to prison and have their assets seized unless they file the statements within the timeframe proposed.

Ms Finlay Geoghegan has given them a new deadline of June 27 to file the documents.

Ms Gilson would not comment when contacted by Independent.ie.

Earlier this year, the court heard that the company owes the Revenue Commissioners €141,937 in unpaid VAT, PAYE and PRSI and appointed Gary Lennon of Lennon Corporate Recovery to the company.

Documents at the Companies Office also show that the car company was in the past struck off for not filing accounts.

Mr Gilson, who owns 99pc of Gilson Motor Co, had to apply to the Companies Office in October of 2008 to have the form restored to the register.

The most recently filed accounts for 2007 show the firm had a net loss of €37,810 while its liabilities exceeded its assets by €88,446.

Gilson Car Co’s auditors at the time warned that the company’s ability to continue to trade was uncertain.

“The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern,” according to the auditor’s report.

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