Pete Wicks' Business Debts: Liquidators Seek More Time

0:00It's March 26th, from red carpets to breaking stories. This is entertainment and celebrity news, powered by AI. Reality TV star Pete Wicks faces ongoing scrutiny from liquidators over his company PW Promotions Limited, which racked up debts totaling around $120,000. The firm tied to his appearances on shows like the only way as Essex was wound up in 2023, but three years into the probe. They are still need more time before dissolving it. They are reviewing accounting details as the actual debts exceed the 100,681 pounds Pete declared in his statement of affairs. His majesty's revenue and customs is chasing nearly 60,000 pounds in corporation tax, over 24,000 in vat, and about 1,000. 273 pounds in pay, as you earn taxes, with other creditors owed around 35,704 pounds. No assets have been found, meaning those owed money likely won't see a penny, sources

1:02say. Pete was also linked to another failed venture, Happy Brands, which posted huge losses and went into liquidation around the same time, he, and a, co-director resigned. Meanwhile, his active company Unkempt has overdue accounts at company's house, adding to questions about his business track record. This comes as Pete's personal life heats up with his new romance alongside Olivia Atwood, confirmed after recent public displays. Liquidators expect to wrap up, once the accounting review finishes, leaving Pete to focus on his TV and radio gigs amid the fallout.