TV presenter censured over failed car firm
A television presenter has been censured by the High Court over her dealings with a car firm.
Glenda Gilson, a director at Gilson Motor Company in Dublin, was served with a conditional restriction of five years yesterday. Her brother, Damien Gilson, was given a disqualification order of eight years.
The case related to the winding up of the company by the High Court in 2011 after it failed to pay more than €141,937 in taxes.
Gary Lennon, who was appointed liquidator, said that Mr Gilson was “unfit to be concerned in the management of a company.” Mr Gilson ran the business, managed all the sales, and his signature was on all the cheques, the High Court was told.
In addition, no proper books and records were kept by Mr Gilson. Company funds were diverted into accounts for the purpose of defrauding Revenue, the company’s main creditor, to deliberately avoid paying taxes. Between June 2010 and July 2011, €375,000 was lodged to accounts in the name of Damien Gilson Parking Solutions, which Mr Lennon said were the proceeds of company sales.
Mr Justice Paul Gilligan said that a ten-year disqualification was justified, but reduced this on the grounds that Mr Gilson had not contested the application and that he had taken full responsibility for his actions.
Ms Gilson opposed the liquidator’s application to prevent her from acting as a company director, unless certain capital requirements are met, on grounds including that she had “no hand, act or part” in the running of the business. She added that she gained no benefit from it.
The judge said the court accepted that Ms Gilson played no active role in the business, did not act dishonestly and was deceived by her brother.
“It was difficult to attach any real moral blame to her. Her brother had accepted full responsibility, and she had acted honestly,” the judge said.
The court found that Ms Gilson had displayed “a want of proper standards” in effectively not taking any interest in the affairs of the company. As a result of the order she cannot become a company director unless it has a paid-up share capital of at least €63,000.
Originally posted 2015-12-02 13:26:02.