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Wednesday 29 March 2017

Glenda Gilson appears in court but case put back for two weeks

Independent.ie reporters

Model and TV presenter Glenda Gilson and her brother Damien appeared in court today after failing to supply sufficient financial details of the car company they co-own which owes over €140,000 to the Revenue Commissioners.

The case was adjourned until July 11 but Ms Gilson and her brother could still face jail if they fail to produce full statements of affairs related to Gilson Motor Co, which is in liquidation, to the courts by that date.

The court heard that Ms Gilson had part-filed a statement of affairs about Gilson Motor company, which is in liquidation, ahead of a deadline of today.

Her brother filed documents in court today – they have both missed deadlines going back as far as March to produce the financial statements.

Ms Gilson wore a floral knee-length dress and a black jacket while her brother wore a dark suit and light blue shirt but neither spoke during proceedings.

Justice Finlay Geoghegan said she would adjourn a motion for “attachment and committal” for two weeks and review the situation then.

This means that both Ms Gilson, a co-presenter of TV3’s celebrity programme Xpose, and her brother, could be committed to prison if they have not filed the statements by the new deadline of July 11.

Ms Gilson has never commented on the situation when contacted by Independent.ie.

Earlier this year, the court heard that the company owes the Revenue Commissioners of over €140,000 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 is also a co-owner 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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