By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Nancy Pelosi Reveals Top Dem She Thinks Will Run in 2028
    Nancy Pelosi Reveals Top Dem She Thinks Will Run in 2028
    May 24, 2025
    Must-see: CNA’s 3-part series inside the drug trade, on the frontline of a global war
    Must-see: CNA’s 3-part series inside the drug trade, on the frontline of a global war
    May 24, 2025
    Kim Kardashian’s robbers found guilty in Paris
    Kim Kardashian’s robbers found guilty in Paris
    May 24, 2025
    Mum of emaciated baby in Gaza says ‘I lost my husband… I don’t want to lose her’ | World News
    Mum of emaciated baby in Gaza says ‘I lost my husband… I don’t want to lose her’ | World News
    May 24, 2025
    The President’s Daily Brief: No Assembly Required?
    The President’s Daily Brief: No Assembly Required?
    May 23, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK
    BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK
    May 24, 2025
    Will Bitcoin bulls secure 0K before BTC’s .8B options expiry?
    Will Bitcoin bulls secure $110K before BTC’s $13.8B options expiry?
    May 24, 2025
    Solana ‘will make everyone an investor’ — Solana nCMO
    Solana ‘will make everyone an investor’ — Solana nCMO
    May 24, 2025
    Texas governor signals support for Bitcoin reserve bill
    Texas governor signals support for Bitcoin reserve bill
    May 24, 2025
    BTC slips to 9k after trump threatens 50% tariffs on eu
    BTC slips to $109k after trump threatens 50% tariffs on eu
    May 24, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Pete Wicks’ two businesses have gone bust with £1million of debt ahead of his stint on Strictly
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Entertainment > Pete Wicks’ two businesses have gone bust with £1million of debt ahead of his stint on Strictly
Pete Wicks’ two businesses have gone bust with £1million of debt ahead of his stint on Strictly
Entertainment

Pete Wicks’ two businesses have gone bust with £1million of debt ahead of his stint on Strictly

Published August 7, 2024
Share
7 Min Read
SHARE

Contents
STRICTLY LINE-UP 2024Chris McCauslandDr. Punam Krishan Toyah Willcox   Pete Wicks JB Gill Wynne EvansTasha Ghouri

Pete Wicks had shut down two businesses after they racked up £1million of debt before signing up to Strictly Come Dancing. 

The former TOWIE star, 36, will get a bumper boost pay boost by competing in this year’s series, which comes after his firms suffered huge financial losses, 

Pete shut down his personal company PW Promotions Ltd in February 2023, just weeks after his final appearance on the long-running ITVBe show.

The liquidation report published in March this year revealed the company, which was set up to manage his income, owes a total of £180,426 – and it doesn’t have any assets to pay the debt back.

HMRC is owed £85,664 in VAT and £66,702 in corporation tax, while £35,704 is owed to trade creditors, reports The Sun. 

Pete Wicks had shut down two businesses after they racked up £1million of debt before signing up to Strictly Come Dancing

Pete also suffered a financial blow with his clothing business, Happy Monday, which he launched with fellow ex TOWIE star Jake Hall during their rise to fame on TOWIE in 2017. 

But in December 2022, the reality star and Jake withdrew as directors – a month after the full accounts were published revealing the firm was £796,258 in the red. 

Of the huge debt, £591,902 is owed to distributors Lineside Logistics (Southern) LTD, £150,000 to Carter Property & Developments Ltd. Barclays are owed £28,830.

MailOnline has contacted Pete’s representatives for comment. 

Pete announced he would be joining Strictly on KISS FM on Wednesday morning.  

He told the show: ‘its a mixture of excited and petrified, generally petrified. I’ve been telling people, can you really imagine me really doing this and their like, yeah your right you wouldn’t.’

‘I’m going to have to switch my phone off now I’ll have a load of messages.’

He revealed that he had already spilled the news to his best friend Sam Thompson, who ‘cried.’  

‘I’m not joking he screamed jumped up and down and cried. 

‘He has already planned that he is coming every Saturday and he’s making T-shirts and he is my number one fan in life, he is already making T-shirts. He’s a bit like Martha in Baby Reindeer.’

The former TOWIE star, 36, will get a bumper boost pay boost by competing in this year's series, which comes after his firms suffered huge financial losses

The former TOWIE star, 36, will get a bumper boost pay boost by competing in this year’s series, which comes after his firms suffered huge financial losses

Pete also suffered a financial blow with his clothing business, Happy Monday, which he launched with fellow ex TOWIE star Jake Hall during their rise to fame on TOWIE in 2017

Pete also suffered a financial blow with his clothing business, Happy Monday, which he launched with fellow ex TOWIE star Jake Hall during their rise to fame on TOWIE in 2017

His signing came as a surprise to some viewers, given his friendship with Zara McDermott and the recent Strictly misconduct probe (pictured with Sam Thompson)

His signing came as a surprise to some viewers, given his friendship with Zara McDermott and the recent Strictly misconduct probe (pictured with Sam Thompson) 

However, sharing the news to Instagram on Wednesday, Zara threw her support behind Pete saying it 'made her so happy'

However, sharing the news to Instagram on Wednesday, Zara threw her support behind Pete saying it ‘made her so happy’

In a comment, she said: 'This makes me so happy. You¿re going to have the best time. I am so proud of you. I cannot wait to see you in some sparkles and maybe even some hot pants'

In a comment, she said: ‘This makes me so happy. You’re going to have the best time. I am so proud of you. I cannot wait to see you in some sparkles and maybe even some hot pants’

Pete is close friends with best pal Sam’s girlfriend Zara McDermott, who starred on the 2023 series of Strictly.

Pete, 36, signed up for the show after it emerged that the presenter, 27, was physically and verbally abused by her professional dance partner Graziano Di Prima while taking part in the competition last year.

His signing came as a surprise to some viewers, given his friendship with Zara, and her boyfriend Sam Thompson. 

However, sharing the news to Instagram on Wednesday, she threw her support behind Pete saying it ‘made her so happy.’

Re-posting the official announcement, Zara wrote: ‘I’ve never been so excited. Love you.’ 

In a comment, she added: ‘This makes me so happy. You’re going to have the best time. I am so proud of you. I cannot wait to see you in some sparkles and maybe even some hot pants.’

Sam also shared: ‘No words. So proud of you… the content we are going to make that you don’t even know about yet.’

STRICTLY LINE-UP 2024

Chris McCausland

Age: 46

Profession: Comedian

Chris says: ‘If anybody out there is thinking – How the hell is he going to do that? – then rest assured that I am thinking exactly the same thing.’

Dr. Punam Krishan 

 Age: Unknown

Profession: GP and broadcaster

Punam says: ‘I have watched Strictly every year with my family and it feels extra special that it’s the 20th year, I can’t believe I will be the one getting Strictly-fied now.’

Toyah Willcox  

Age: 66

Profession: Singer, actor, presenter

Toyah says: ‘I’m super excited and love this show. To be a part of it, the spray tan the glitter. Its a landmark year for me I came a pensioner, Glasto and now I get spray tans.’

 Pete Wicks

Age:36

Profession: Reality star 

Pete says: ‘Dancing live in front of the nation every Saturday? Absolutely terrifying. But anyone who knows me knows I love a challenge and trying new things, so I’m genuinely looking forward to getting stuck in.’

 JB Gill

 Age: 37

Profession: Singer

JB says: ‘A lot of the ballroom styles are very alien to me – I didn’t do those dances growing up. I am not a trained dancer.’

 Wynne Evans

Age: 52

Profession: Opera singer, presenter

 Wynne says: ‘The stuff I’m nervous about is the ones that involve jumping, I don’t really want to do the jive, I’m kind of a bit nervous about that.

Tasha Ghouri

Age: 25

Profession: Model and reality star

Tasha says: ‘I’ve been watching the show since I was little – it’s a firm Ghouri family favourite – so this is a total dream come true.’

 

#Pete #Wicks #businesses #bust #1million #debt #ahead #stint #Strictly

TAGGED:1MILLIONaheadBarclaysBusinessesbustdailymaildebtHMRCJake HallPetePete WicksSam ThompsonstintStrictlyStrictly Come DancingTOWIEtvshowbizVATWicks
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Banksy unveils 3rd animal artwork in 3 days in London – National Banksy unveils 3rd animal artwork in 3 days in London – National
Next Article Hamas’ new political leader Yahya Sinwar seen as more extreme Hamas’ new political leader Yahya Sinwar seen as more extreme
- Advertisement -

Latest Post

BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK
BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK
Cryptocurrency
Nancy Pelosi Reveals Top Dem She Thinks Will Run in 2028
Nancy Pelosi Reveals Top Dem She Thinks Will Run in 2028
World News
Will Bitcoin bulls secure 0K before BTC’s .8B options expiry?
Will Bitcoin bulls secure $110K before BTC’s $13.8B options expiry?
Cryptocurrency
Solana ‘will make everyone an investor’ — Solana nCMO
Solana ‘will make everyone an investor’ — Solana nCMO
Cryptocurrency
Texas governor signals support for Bitcoin reserve bill
Texas governor signals support for Bitcoin reserve bill
Cryptocurrency
Must-see: CNA’s 3-part series inside the drug trade, on the frontline of a global war
Must-see: CNA’s 3-part series inside the drug trade, on the frontline of a global war
World News
- Advertisement -

You Might Also Like

Lily Allen flaunts her figure in a bandeau bikini as she poses under a waterfall whilst on a hike in California
Entertainment

Lily Allen flaunts her figure in a bandeau bikini as she poses under a waterfall whilst on a hike in California

August 4, 2024
Lily Allen admits she hasn’t spoken to daughters Ethel and Marnie in two WEEKS as ‘tired and lonely’ actress prepares for her final month onstage in The Pillowman
Entertainment

Lily Allen admits she hasn’t spoken to daughters Ethel and Marnie in two WEEKS as ‘tired and lonely’ actress prepares for her final month onstage in The Pillowman

August 7, 2023
Millie Mackintosh shows off her toned frame in a green bikini as she models swimwear during French getaway
World News

Millie Mackintosh shows off her toned frame in a green bikini as she models swimwear during French getaway

July 5, 2024
Minnie Driver, 54, looks elegant in a classic white dress as she exits the Today Show in NYC… after sharing the dating advice she’d give her younger self
Entertainment

Minnie Driver, 54, looks elegant in a classic white dress as she exits the Today Show in NYC… after sharing the dating advice she’d give her younger self

June 13, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?