New Beginnings on Strictly
TOWIE's Pete Wicks is set to grace the Strictly Come Dancing stage, but not without some financial baggage. The reality star has recently shut down two companies with a staggering £1 million debt, raising questions about his future money-making prospects.
Debt Details Unveiled
Pete's personal firm, PW Promotions Ltd, faced liquidation in February 2023 with a reported debt of £100k. However, recent reports show that creditors' claims have surged by £87,224, bringing the total debt to £180,426. Notably, HMRC is owed significant amounts in VAT and corporation tax, with trade creditors also waiting to be paid.
Business Ventures Gone Bust
Aside from PW Promotions Ltd, Pete was involved in the clothing company Happy Brands, which struggled with heavy losses amounting to £796,258. The firm eventually went into liquidation in November 2023, leaving behind debts of £795,463 to various creditors, including trade suppliers and financial institutions.
Strictly Come Dancing Debut
Despite his financial setbacks, Pete's participation in Strictly Come Dancing was officially announced, making him the first TOWIE star to compete in the popular BBC One show. Expressing a mix of excitement and fear, Pete shared his nerves about the upcoming dance competition.
Romantic Revelations
Adding to the buzz surrounding Pete, recent reports suggest that he is romantically involved with Love Island's Maura Higgins. Witnesses spotted the pair sharing a passionate kiss at a luxury hotel, sparking speculations about their budding relationship.
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