has been under investigation by liquidators for three years after racking up debts of £120,000, Daily Mail can reveal.
The reality television star, who was confirmed to be in a relationship with last weekend after months of speculation, wound up his business PW Promotions Ltd in 2023 after earning tens of thousands for appearing on shows such as The Only Way Is Essex.
Now liquidators Carter Clark now say they need more time to investigate the company before it can be dissolved as they are 'awaiting the outcome of a review of accounting information'.
Upon going bust three years ago, Pete, 38, signed a legal document called a Statement of Affairs claiming that the debt stood at £100,681, but it was discovered that the company owes more than this.
are demanding £59,681 in corporation tax, £24,710 in and £1,273 in PAYE (Pay as you Earn) while trade and expense creditors are owed £35,704.
The total amount demanded by creditors is £121,368, which is much more than the £100,681 Pete signed off.
Pete Wicks has been under investigation by liquidators for three years after racking up debts of £120,000, Mail Online can reveal (pictured earlier this week)
The reality television star, wound up his business PW Promotions Ltd in 2023. Now liquidators say they need more time to investigate the company before it can be dissolved
This news comes as he and Olivia Attwood were seen kissing in the Flute Bar in Soho, London on Friday night following her marriage breakdown in January (pictured in 2025)
While Pete may personally have plenty of cash from his successful TV career, the liquidators have confirmed that there are no assets and 'no recoveries have been made'.
Sources say this is bad news for all those who are owed, as they won’t be receiving a penny.
The report adds: 'The assessment revealed matters that required further clarification. This process is ongoing with assistance from the Company's accountants, and, once concluded, the liquidation will be finalised.’
Pete was also a director of clothing firm Happy Brands with TOWIE’s Jake Hall and pal Charles Sharp. But in November 2022, it posted heavy accumulated losses of £796,258.
On the same day, Pete and Jake resigned as directors.
A year on from posting those figures, the firm went into liquidation in November 2023 owing £795,463. And, in March last year, it was finally dissolved.
Currently Pete has one active firm, Unkempt, set up in 2021, and according to Companies House his accounts are overdue.
Other previous companies comprised Hermano Clothing and Pirate Pete’s Tattoo both opening and closing without doing any business.
Pete and Olivia previously insisted they were just friends, but they are thought to have begun their fling at the end of February (pictured at the BRITs 2026)
This news comes as he and Olivia were seen kissing in the Flute Bar in Soho, London on Friday night following her marriage breakdown in January.
Olivia and Pete's new 'passionate romance' is said to have left her former husband Bradley Dack 'livid and embarrassed' and dashed his hopes of a possible reunion.
Pete and Olivia previously insisted they were just friends, but they are thought to have begun their fling at the end of February.
Hours after the kissing images emerged, they were pictured arriving separately to host their KISS FM show The Sunday Roast.
Onlookers said the couple partied for about three and a half hours at the Flute Bar.
The pair have always had a close bond working together on their radio show and have socialised in the same circles for years.
However, eyebrows were first raised last summer when they were seen getting cosy on a boat trip in Ibiza – sparking concerns that Olivia's marriage was on the rocks.
Olivia and Pete’s PR machines set in motion when the pictures of them kissing last week were revealed.
With news of Bradley also in a new romance being pushed.
However, Emily Rose Moloney, who was one of Brad’s ex’s before Olivia, over ten years ago, has denied any new romance claims.
She stated on TikTok yesterday: ‘This is out of hand now. I’m absolutely not in a relationship with Brad nor have I been for ten whole years.’
The Daily Mail have contacted Bradley's representatives for comment.
