Bobby Davro lost his home and car after his business went bust with nearly £90,000 debts due to the pandemic.
The telly comic, who played Vinnie Monks in EastEnders and starred in Dancing On Ice, admitted last year (2021) he did not know how he was going to pay the bills and was forced to take out a Government bounce-back loan.’
Now Daily Star can reveal the extent of Davro’s plight after Covid forced the cancellation of TV and live shows.
The final liquidator’s report for his entertainment company Orvad Enterprises Ltd (corr) – which was wound up in October – lifts the lid on his financial plight.
The company owed £89,909 to creditors including £32,100 to HM Revenue & Customs in corporation tax and PAYE and £49,177 to NatWest in loans and a £7,296 overdraft.
"There is no work",the 63-year-old stand-up said last year.
"I only did four gigs last year. I can’t earn anything. I haven’t been able to earn money for a year. It’s dreadful."
The new report stated Davro was "out of work" as the "entertainment industry was totally shut.
It said he had taken out a bounce-back loan of up to £50,000 to help keep himself afloat.
The star – real name Robert Nankeville – had been forced to sell his home and car and hand over nearly £10,000 from the company’s bank account to pay off debts.
Liquidator Ashok Bhardwaj, who examined two years of bank statements covering 'the pandemic period', said he had been unable to sell off company equipment with a book value of £6,700 as it was 'very old and carried no value'.
He said Davro had "spent part" of his bounce-back loan "on living and paying his creditors".
Mr Bhardwaj said: "He also sold his personal property and injected £59,000 into the company to pay off the creditors.’"
Assets had been swallowed up in financial fees and there was nothing left for creditors.
The liquidator said the case "did not warrant further investigation".
Orvad Enterprises Ltd was put into a creditor’s voluntary liquidation last October which means the director has admitted he cannot pay the company’s debts.
The firm’s last filed accounts revealed it had just £137 in net assets up to 30 September 2018.
Davro said it was a myth all stars were rich – especially following Covid.
"People think if you’re a celebrity and you’re famous that you have got millions of pounds and you can survive," he said.
"They think, 'It’s all right for you, you’ve got so much money’, Well that’s not the case. It’s not the case at all.’"
TV star Davro has said the lack of work since Covid struck had affected his wellbeing.
Like what you see? Then fill your boots…
There's MUCH more where that came from! Want all the jaw-dropping stories from the world of showbiz and up to the minute news from TV and soaps?
Well, we've got you covered with our showbiz, TV and soaps newsletters – they'll drop straight into your inbox and you can unsubscribe whenever you like.
We'll bring you the inside track from telly expert Ed Gleave and soap specialist Sasha Morris. Oh, and your daily fix of Piers, Katie Price, Demi Rose and all your other Daily Star favs.
You can sign up here – you won't regret it…
"Not only have I lost my income I’ve lost the thing I love," he said.
"It’s depressing to have that taken away from you. I can’t go out there and do what I love.
"We are all in the same boat — all the comedians, all the theatre actors and the hospitality industry.
"Sadly not everybody could be helped.’"
For the latest breaking news and stories from across the globe from the Daily Star, sign up for our newsletter by clicking here
Source: Read Full Article
