Joey Essex showed off his extravagant side just days after his dire financial situation emerged as he shared with fans a number of pictures of his lavish holiday
Joey Essex is never one to shy away from sharing his extravagant lifestyle. And so it comes as no surprise that he was quick to post a series of pictures from his latest summer break to Ibiza on social media.
But his most recent jaunt to the Spanish party island comes just days after it emerged that he has racked up an eye-watering amount of debt.
In an exclusive by the Mirror, it was revealed that he had amassed £1.3million of debt through his performing arts company after he “failed ” to repay a £780,000 loan from his company Joey Essex Management Ltd.
Documents which had been obtained by the Mirror show that liquidators have been left unsure if he will pay back the director’s loan, despite signing a Declaration of Solvency in August last year.
At the time, the document stated: “I have formed the opinion that this company will be able to pay its debts in full together with interest at the official rate within 12 months.”
But his director’s loan is not the only financial strain for the former reality TV star turned boxing champion.
According to reports, he has other debts of £497,246. He reportedly owes £442,303 to HMRC which is for outstanding VAT, PAYE, corporation tax and court costs.
The former TOWIE star was taken to court last year due to his outstanding debts and was served with a “winding up petition.”
So you’d think that the TV personality would be more humble when it comes to splashing the cash.
Posting to his Instagram stories, in one picture Joey is seen sat with a pal drinking a beer.
Dressed in all black with matching shades, Joey, who recently won his boxing debut, looked relaxed and content.
In another picture, he shared with fans the enviable sea view.
And it seems he is also sharing his trip with his new girlfriend Leila Soper. The couple were spotted kissing while frolicking in the sea.
With their arms around each other, the pair seemed oblivious to those around them.
Leila is the daughter of British racing driver Steve Soper.
Leila is a photographer and her career focuses on editorial and fashion photography.
Away from his budding relationship, Joey’s financial strain also includes £39,942 to Coutts bank and £15,000 to Companies House.
Joey is reportedly the company’s only director as well as shareholder and the company was set up in 2011. This is the same year he joined TOWIE.
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Source: Mirror
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