Pete Wicks isn't having much luck in the world of business. It's been reported by The Sun that the former TOWIE star, 34, has closed his PW Promotions in light of staggering debt.
A statement of affairs filed at Companies House this week revealed that the company's outstanding VAT clocked in at £7,477, while corporation tax stood at £66,702 and Lloyds Bank was awaiting a further £26,500 owed - totalling £100,679.
PW Promotions was established by Pete back in 2015 to deal with his TV work income, drawing up six sets of accounts, his most recent of which was £120,826 worth of assets.
A figure of £80,532 of tax liabilities were on the books too, alongside an £8,000 bank loan and £31,333 owed to more unnamed creditors.
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