Gemma Collins’ boutique business ‘goes into liquidation with £80,000 debt despite TOWIE star being worth £2.7 million’

Posted on Jul 30 2018 - 4:18am by admin

Gemma Collins' business Gemma's Boutique has reportedly gone bustGemma Collins’ business Gemma’s Boutique has reportedly gone bust [Getty]

TOWIE star Gemma Collins has been forced to shut the front door literally on one of her businesses, according to reports. 

The reality TV favourite, 37, who owns fashion stores in Essex, Marbella and online, owes £80,000 in debt from Gemma’s Boutique, according to The Mirror.

An investigation conducted by the publication found that the venture went into voluntary liquidation last July.

Gemma Collins likes to flaunt her flashy lifestyle onlineGemma Collins likes to flaunt her flashy lifestyle online [Instagram/Gemma Collins]

Meanwhile, the accounts of her other company, Gemma Collins Ltd, showed that last year it only made a profit of £56,337.

This is despite Spear’s Wealth Management reporting that the former Celebs Go Dating star – who likes to boast of her lavish lifestyle online – is worth £2.7m. 

Despite the findings, a source insisted that business was still booming for the GC, saying: “Gemma’s online clothing business is doing really well and she has opened another shop.”

Gemma Collins recently revealed she was opening new store Candy G in MarbellaGemma Collins recently revealed she was opening new store Candy G in Marbella [Instagram/Gemma Collins]

Earlier this month Gemma shared pictures online revealing that she had opened a new shop called Candy G in her beloved Marbs.

OK! Online have contacted a representative for Gemma for comment.

Elsewhere, Gemma has been getting over her reported split from boyfriend James Argent by posting a series of sexy swimwear pictures while on holiday in Spain.

Gemma Collins is believed to be nursing a broken heart after splitting from on/off boyfriend James ArgentGemma Collins is believed to be nursing a broken heart after splitting from on/off boyfriend James Argent [Instagram/Gemma Collins]

The reality stars have been dating on-and-off for years, getting back together earlier this year. 

However Gemma is believed to be the one to have called time on their romance after tiring of his “party lifestyle”.

Talk of a split comes after Gemma said that marriage and children were possibly on the cards for herself and Arg. 

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