Lucy Locket loves: Sheffield sportswear brand goes into liquidation

In 2020, Ms. Arnold was named to the Forbes 30 Under 30 list of successful young entrepreneurs.

The personal trainer told Forbes that she is a self-funded businesswoman who started selling leggings in 2017 while recovering from a back injury.

By 2019, she employed 15 staff, including her parents, and had a turnover of £2.5m.

In documents filed at Companies House as part of the liquidation, it was stated that Lucy Locket Loves owed £898,800 to creditors, including banks and funding partnerships.

More than £70,000 was outstanding and almost £16,000 was owed to Royal Mail. Around £20,000 in wages and holiday pay was owed to staff.

Ms Arnold added in the statement: “The rebuilding phase will take time, especially as I also care for my newborn daughter, but I am committed to restoring the services and products you love.”

The liquidation was confirmed on May 28, but Ms Arnold said she was unable to comment publicly until “legal restrictions” were over.

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