Gemma Collins continues her fashion business after amassing huge debt

The future of TOWIE star Gemma Collins’s fashion business looks uncertain according to public accounts, but a GC representative said the company has just rebooted and the TV personality will continue to thrive. develop

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Gemma Collins loves a gyro in a black swimsuit

Gemma Collins has made it clear she will continue her clothing line business, after documents revealed the company’s future appeared uncertain.

Gemma Collins Clothing Limited, founded in 2013, has £42,000 in accumulated debt, but a spokesperson for the 41-year-old star said the company is solvent and the TOWIE star will continue to grow, it added. is her passion.

Publicly available accounts for the year ended March 31, 2021, show the Essex business with a net debt of £42,100.

The documents continue: “Given the foregoing, there is a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern and it may not be able to pay its liabilities. pay in the normal course of business.

Gemma Collins has appeared on TOWIE, Celebrity Big Brother and I’m A Celeb



“However, given the current ongoing support of creditors, they continue to apply the basis of ongoing interest in preparing the accounts.”

According to the company, in 2020, an average of 5 people are employed in the company, and in 2021, this number drops to 4 people.

Alan Collins, Gemma’s father, is listed as a director, while Gemma has significant control, owning more than 75% of the shares.

Gemma Collins has documented her weight journey on Instagram



A Gemma rep said: “Business has been brought to a standstill following the pandemic to allow Gemma’s father to recover from Covid. Gemma has more personal affairs than ever before and is unable to run the business. own business, especially in a difficult climate.”

“Her business is solvent and just got back up and running. It’s her true passion. She will continue to grow even though she has more work to do with her other projects. ever.”

In March 2020, Gemma sobbed when she was forced to close her store due to Coronavirus restrictions. She broke down in tears during the recording of her reality show Diva Forever. The store later reopened.

Gemma is a reality TV mainstay, appearing on shows like Celebrity Big Brother, Dancing on Ice and The Only Way is Essex.

In addition, she has many clothes with Simply Be and Evans.

Gemma recently chronicled her weight loss journey.

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Yesterday, the businesswoman shared a snap of a small and very green salad with her 2.2 million followers as she continued her weight loss journey.

Wearing a vibrant pink silk shirt with a Chanel bag on her lap, Gemma beamed when she went to enjoy food with friends.

Apparently following a strict diet, Gemma’s lunch was a garden salad with creamy dressing and a bottle of water.

“Smiling because this pink is everyone’s favorite at the moment,” she captioned her photo.

GC filmed her performing a wheelchair on the beach in a black swimsuit.

After smashing the action, she threw two peace signs as she sunbathed in a video shot of her Caribbean vacation.

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https://www.mirror.co.uk/3am/celebrity-news/gemma-collins-continue-fashion-business-26486513 Gemma Collins continues her fashion business after amassing huge debt

Fry Electronics Team

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