In 2020, Ms Arnold was included in Forbes’ 30 Under 30 list of successful young entrepreneurs.
The personal trainer told Forbes she was a self-funded businesswoman who began selling leggings in 2017 while she recovered from a back injury.
By 2019 she employed 15 staff, including her parents, and had a turnover of £2.5m.
In documents filed to 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 in tax was outstanding and almost £16,000 was owed to Royal Mail. Around £20,000 in wages and holiday pay was due to staff.
Ms Arnold added in the statement: “The rebuilding phase will take time, especially as I am also caring for my newborn daughter, but I am dedicated to restoring the service and products you love.”
The liquidation was confirmed on 28 May, but Ms Arnold said she was unable to comment publicly until “legal restrictions” ended.
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