Business Irish

Sunday 18 February 2018

Diarmuid Gavin's Irish company leaves directors at a loss

Celebrity gardener Diarmuid Gavin prunes back his Irish business as UK company thrives
Celebrity gardener Diarmuid Gavin prunes back his Irish business as UK company thrives

Gordon Deegan

The Irish-based garden design firm controlled by celebrity gardener Diarmuid Gavin has withered away while his UK firm continues to blossom.

New accounts lodged by the best-selling author and TV presenter in Ireland and the UK reveal that Mr Gavin's Irish-based firm ceased trading last year.

Accounts filed by Mr Gavin's Diarmuid Gavin Designs Ireland confirm that the compant stopping trading in the year to the end of August 31.

A note in the accounts discloses that "it is the intention to request a voluntary strike off of the company".

The strike-off will leave Mr Gavin and fellow director Annmarie Dermody taking a hit on the €71,897 they lent the company.

The accounts disclose that Ms Dermody was owed €68,832 at the end of August by the firm but Mr Gavin had a much smaller exposure. He was owed €3,065.

However, a note stated that the company will discharge all liabilities with the exception of the amounts owed to the directors.

At the end of August, the firm was sitting on accumulated losses of €71,895 that represented the money owed by the firm to the two.

Separate accounts filed by Mr Gavin's London-based Diarmuid Gavin Designs for 2013 paint a rosier picture with a profit after accumulated losses fell £19,025 to £175,990.

The profit takes account of a non-cash depreciation cost of £1,740. Cash at the firm increased from £102 to £2,173.

Mr Gavin could not be reached for comment.

The BBC presenter last month described his late mother-in-law Terry Keane as a "remarkable woman" following her depiction in RTÉ's controversial drama 'Charlie'.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business