Gemma Collins’ business goes into liquidation with £80,000 worth debt – as she brags about her glamorous lifestyle


Just weeks after Gemma Collins was papped jetting off on a private plane, her finances aren’t looking quite so flashy.

According to the mirror, the reality star’s boutique business went into liquidation with more than £80,000 worth of debt.

It comes as wealth management company Spear’s recently estimated her net worth at £2.7million.

But the star’s latest set of accounts reveal that she liquidated her business.

At the time of the voluntary liquidation last July, Gemma, 37, announced she was moving her Gemma Collins Boutique from Brentwood High Street because the homeless problem had taken away the “fun vibe”.

Her other company, Gemma Collins Ltd, released its latest set of accounts showing it had made a profit of £56,337 last year.

A source close to her says: “Gemma’s online clothing business is doing really well and she has opened another shop.”

Last month the TOWIE star bragged she’d travelled from London to Jersey in her very own plane on Thursday afternoon to attend the Jersey Style Awards 2018 as a very special guest.

But trolls had accused her of lying about flying in style after she posted an image of a private jet and insinuated that it was hers for the day.

“And I’m OFF… life’s changed private jets being sent for me now unreal,” she tweeted.

However, critics soon accused her of lifting the image from a Google search – with her later proving them wrong.

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