TOWIE’s Pete Wicks will be joining the Strictly line-up leaving a two bust companies with £1 million worth of debt.The 36-year-old’s personal firm PW Promotions Ltd went bust in February 2023. He signed a “Statement of Affairs” document stating that it was £100k in debt, much of this owed to HMRC and the bank.
But the most recent liquidator’s report says that there have been creditors' claims have increased by £87, 224.The business - which states its nature as “performing arts” - has zero assets to pay any of this back. Pete was also a director and co-founder of the clothing firm Happy Brands along with ex-The Only Way Is Essex star Jake Hall, which has performed badly since its inception seven years ago.A year on from posting those figures, the firm went into liquidation on 13 November 2023 owing £795,463.Much of this is owed to trade creditors - a whopping £591k to distributor and supply firm Lineside Logistics Ltd and a further £150k to Carter Property & Developments Ltd.
Revealing Sam's reaction to the news, Pete continued: "Sam's planned every Saturday he will be at the show, Sam is the one person who will be there every single Saturday.Earlier this week The Sun revealed Pete is secretly dating Love Island beauty Maura Higgins.An onlooker told The Sun Pete came to join Maura at the posh five star hotel on Saturday evening where she had been having lunch with friends.
"After they’d sat there for a while Maura went in for a long kiss with Pete. It wasn’t the kind of kiss you’d give a friend, it was very passionate."